Heightened Demand for Passenger Cars Spurs Growth of Automotive Switches Market
Automotive industry has witnessed significant transformation in past couple of years. Growing demand for the passenger safety and comfort is forcing auto manufacturers to continuously focus on creating new design experiences by effective integration of latest technology, and workflow. The paradigm shift from the mechanical components to the electronic components is foreseen to strengthen the demand for automotive switches up to a great extent.
The automotive switches for passenger cars segment is foreseen to grow ~1.4 times to cross the US$ 19 Bn mark by the end of the forecast duration (2019-2028). Further, the LCV and HCV segment are estimated to account for one fifth of the overall value opportunity created over the forecast period.
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Digital Cockpit Displays to Restrict Demand for Automotive Switches
With rising capitalization in connected and electric cars, the automotive switches market is expected to face challenges in terms of decreasing demand for automotive switches. Technologies based on driver assistance are thriving in the automotive sector such as automatic emergency braking and voice command which are highly in demand. Furthermore, the digital touchpad infotainment system is experiencing an upward demand trend among tech-savvy consumers. Growing preference for digitalization and touch-based displays have encouraged automotive technology manufacturers to enter into digital-driven business models. For instance, HARMAN and Samsung have lately revealed the first automotive electronics collaboration by opening the digital cockpit platform with IOT and 5G integration. As auto makers enters digitalization, upcoming digital cockpit displays could dampen the lucrativeness of the automotive switches in the global market over the course of forecast period.
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Europe is foreseen to Witness ~1.5X Faster Growth than North America
Europe remains frontrunner in global automotive switches market owing to the ever expanding automobile sector and is foreseen to cross US$ 7 Bn mark by the end of 2028. In addition, the region is foreseen to account for 1/4th of the overall absolute dollar opportunity created during the assessment period. China is the second major contributor and is likely to account for a significant value share by 2028 end.
The automotive switches market is prominently influenced by consumer buying power. Following this trend, tier 1 and tier 2 companies in the automotive switches market have a strong presence in the developed economies with their preference for OEMs for supply agreements. Customer preference for budget-friendly prices has led to the consolidation of tier 3 companies of automotive switches in the developing nations. Countries with growing automobile manufacturing industries such as India and China have a stronger presence of tier 3 players of automotive switches. Also, as per the International Energy Agency (IEA), China dominated the sales of electric cars in 2019. Along with the stronghold on auto parts manufacturing, continuing electrification of the automotive industry in developing economies presents lucrative opportunities for automotive switches market players during the assessment period.
Steady Rise in Two Wheeler Demand to Unlock Growth Prospects for Automotive Switch Manufacturers
In the past decade, two-wheelers witnessed significant rise in demand. As stated by the U.S. International Trade Commission (USITC), demographic changes led by baby boomers and millennials are one of the prime factors strengthening the overall motorcycle demand in U.S. Furthermore, the growing motorcycle demand in developing economies such as India, Brazil and ASEAN are further foreseen to bolster the automotive switches market for two-wheelers. A significantly higher demand for original equipment and parts for two wheelers are foreseen to offer lucrative growth avenues for the automotive switches market players.
Automotive Switches Market - Scope of the Report
Fact.MR recently published a market study on the global market for automotive switches. The study provides detailed assessment on key market dynamics, including drivers, trends, opportunities restraints, and detailed information about the automotive switches market structure. The market study presents exclusive information about how the market will grow during the forecast period of 2019-2028.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact.MR study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the automotive switches market during the forecast period.
The study is relevant for stakeholders in the automotive switches market, including manufacturers and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the automotive switches market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to the macro as well as microeconomic factors that are impacting developments in the automotive switches market. It also offers actionable insights based on future trends in the automotive switches market. Moreover, small businesses and new entrants in the market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Automotive switches Market
Fact.MR’s study on the automotive switches market offers information classified into four important segments: switch, vehicle, sales channel, and region. This market report proposes comprehensive data and information about the important market changing aspects and evolution structures related with these categories.
|
Vehicle |
Switch |
Sales Channel |
Region |
|
Passenger Cars
|
Interior Control Switches
|
OEM |
North America |
|
Light Commercial vehicles |
Access Management Switches
|
Aftermarket |
Latin America |
|
Heavy Commercial Vehicles |
Powertrain & others Switches
|
|
Europe |
|
Electric Vehicles |
|
|
SEA & Pacific |
|
Tractors |
|
|
China |
|
Forklifts |
|
|
Japan |
|
Two Wheelers
|
|
|
Middle East & Africa |
Key Questions Answered in Fact.MR Automotive switches Market Report
- Which regions will continue to remain the most profitable regional markets for automotive switches market players?
- Which factors will induce a change in the demand for automotive switches during the assessment period?
- How will changing trends impact the automotive switches market?
- How can market players capture the low-hanging opportunities in the automotive switches market in developed regions?
- Which companies are leading the automotive switches market?
- What are the winning strategies of stakeholders in the automotive switches market to upscale their position in this landscape?
- Which Vehicle type will hold the largest value share in the automotive switches market?
Automotive switches Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive switches market, and reach conclusions on the foreseeable growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts in the automotive switches market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary resources and secondary resources act as a validation from companies in the automotive switches market, and makes Fact.MR’s projection on growth prospects of the Automotive switches market more accurate and reliable.
1. Global Automotive Switches Market - Executive Summary
1.1. Global Market Overview
1.2. Global Automotive Switches Market – Regional Overview
1.3. Global Automotive Switches Market – Opportunity Assessment
1.4. Fact.MR Analysis
2. Global Automotive Switches Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Market Background
3.1. Macro-Economic Factors
3.1.1. Global Automotive Sector Outlook
3.1.2. Global GDP Per Capita
3.1.3. Global Passenger Car & Automotive Switches Y-O-Y (%) growth projection analysis
3.1.4. Global LCV & Automotive Switches Y-O-Y (%) growth projection analysis
3.1.5. Global HCV & Automotive Switches Y-O-Y (%) growth projection analysis
3.1.6. Global Crude Oil Production & Consumption Outlook
3.1.7. Electrical and Electronic Industry
3.1.8. Electronics Production Share By Region
3.1.9. Urbanization Outlook
3.1.10. Two Wheelers & Forklifts Market
3.2. GDP Outlook
3.2.1. North America
3.2.2. Latin America
3.2.3. Europe
3.2.4. APAC
3.2.5. MEA
3.3. Key Challenges
3.4. Supply Chain Analysis
3.5. List of Region Wise Distributor
3.6. Forecast Factors & Relevance and Impact
3.7. Global Automotive Switches Market Analysis Scenario
3.7.1. Global Switches Market Product Life Cycle Analysis
3.7.2. Global Automotive Switches Market – Prominence Level
3.7.3. Global Automotive Switches Market Growth Index for Prominent Countries
3.7.4. Global Automotive Switches Market Attractiveness Index, by Country
3.7.5. Automotive Production Sphere Analysis
3.7.6. Patent Analysis
3.8. Market Dynamics
3.8.1. Drivers
3.8.2. Restraints
3.8.3. Opportunity Analysis
4. Global Automotive Switches Market Demand (US$ Mn) Analysis 2013-2017 and Forecast, 2018-2028
4.1. Historical Market Value (US$ Mn) Analysis, 2013-2017
4.2. Current and Future Market Value (US$ Mn) Projections, 2018-2028
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028, by End Switch Types
5.1. Historical Market Size (US$ Mn) Analysis by Switch, 2013 - 2017
5.2. Current and Future Market Size (US$ Mn) Analysis and Forecast by Switch, 2018 - 2028
5.2.1. Interior Control Switches
5.2.1.1. AC Switch Assembly
5.2.1.2. Light Module/Switches
5.2.1.3. Multifunctional Switches
5.2.1.4. Overhead console switch
5.2.1.5. Multimedia Switch assembly
5.2.1.6. Steering Switch Assembly
5.2.1.7. Seat Control Switches
5.2.1.8. Seat Heater Switches
5.2.2. Access Management Switches
5.2.2.1. Power window switch assembly
5.2.2.2. Side Window Switch
5.2.2.3. Door light Switch
5.2.2.4. Ignition Switch
5.2.2.5. Powerlift gate switch
5.2.2.6. Sun roof switch
5.2.2.7. Back Carrier Switch
5.2.3. Powertrain & Others Switches
5.2.3.1. Reverse light switch
5.2.3.2. Brake light Switch
5.2.3.3. Automatic gear control switch
5.2.3.4. Automatic Reverse Brake Parking
5.2.3.5. Hand Brake Switch
5.2.3.6. Fork lifting Switch Module
5.3. Market Attractiveness Analysis by Switch
6. Global Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028, by Vehicle
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) Analysis by Product, 2013 - 2017
6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast by Product, 2018 - 2028
6.3.1. Passenger Cars
6.3.1.1. Compact
6.3.1.2. Mid-Size
6.3.1.3. SUV
6.3.1.4. Luxury
6.3.2. LCVs
6.3.3. HCVs
6.3.4. Electric Vehicles
6.3.5. Tractors
6.3.6. Forklifts
6.3.7. Two Wheelers
6.3.7.1. Conventional
6.3.7.2. Electric
6.4. Market Attractiveness Analysis by Product
7. Global Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028, by Sales Channel
7.1. Historical Market Size (US$ Mn) Analysis by Sales Channel, 2013 - 2017
7.2. Current and Future Market Size (US$ Mn) Analysis and Forecast by Sales Channel, 2018 - 2028
7.2.1. OEM
7.2.2. After Market
7.3. Market Attractiveness Analysis by Sales Channel
8. Global Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028, by Region
8.1. Historical Market Size (US$ Mn) Analysis by Region, 2013 - 2017
8.2. Current Market Size (US$ Mn) Analysis and Forecast by Region, 2018 - 2028
8.2.1. North America
8.2.2. Latin America
8.2.3. Europe
8.2.4. SEA & Pacific
8.2.5. China
8.2.6. Japan
8.2.7. MEA
8.3. Market Attractiveness Analysis by Region
9. North America Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
9.1. Introduction
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
9.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
9.4.1. by Country
9.4.1.1. U.S.
9.4.1.2. Canada
9.4.2. by Vehicle
9.4.3. by Switch
9.4.4. by Sales Channel
9.5. Market Attractiveness Analysis
9.5.1. by Country
9.5.2. by Vehicle
9.5.3. by Switch
9.5.4. by Sales Channel
9.6. Drivers and Restraints – Impact Analysis
10. Latin America Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
10.1. Introduction
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
10.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
10.4.1. by Country
10.4.1.1. Brazil
10.4.1.2. Mexico
10.4.1.3. Rest of Latin America
10.4.2. by Vehicle
10.4.3. by Switch
10.4.4. by Sales Channel
10.5. Market Attractiveness Analysis
10.5.1. by Country
10.5.2. by Vehicle
10.5.3. by Switch
10.5.4. by Sales Channel
10.6. Drivers and Restraints – Impact Analysis
11. Europe Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
11.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
11.4.1. by Country
11.4.1.1. Germany
11.4.1.2. Italy
11.4.1.3. France
11.4.1.4. U.K.
11.4.1.5. Spain
11.4.1.6. Russia
11.4.1.7. Rest of Europe
11.4.2. by Vehicle
11.4.3. by Switch
11.4.4. by Sales Channel
11.5. Market Attractiveness Analysis
11.5.1. by Country
11.5.2. by Vehicle
11.5.3. by Switch
11.5.4. by Sales Channel
11.6. Drivers and Restraints – Impact Analysis
12. SAE & Pacific Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
12.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
12.4.1. by Country
12.4.1.1. India
12.4.1.2. ASEAN
12.4.1.3. Rest of SEA & Pacific
12.4.2. by Vehicle
12.4.3. by Switch
12.4.4. by Sales Channel
12.5. Market Attractiveness Analysis
12.5.1. by Country
12.5.2. by Vehicle
12.5.3. by Switch
12.5.4. by Sales Channel
12.6. Drivers and Restraints – Impact Analysis
13. China Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
13.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
13.4.1. by Vehicle
13.4.2. by Switch
13.4.3. by Sales Channel
13.5. Market Attractiveness Analysis
13.5.1. by Vehicle
13.5.2. by Switch
13.5.3. by Sales Channel
13.6. Drivers and Restraints – Impact Analysis
14. Japan Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
14.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
14.4.1. by Vehicle
14.4.2. by Switch
14.4.3. by Sales Channel
14.5. Market Attractiveness Analysis
14.5.1. by Vehicle
14.5.2. by Switch
14.5.3. by Sales Channel
14.6. Drivers and Restraints – Impact Analysis
15. Middle East and Africa Automotive Switches Market Analysis 2013-2017 and Forecast 2018-2028
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis by Market Taxonomy, 2013 - 2017
15.4. Market Size (US$ Mn) Forecast by Market Taxonomy, 2018 - 2028
15.4.1. by Country
15.4.1.1. Iran
15.4.1.2. South Africa
15.4.1.3. Turkey
15.4.1.4. Rest of MEA
15.4.2. by Vehicle
15.4.3. by Switch
15.4.4. by Sales Channel
15.5. Market Attractiveness Analysis
15.5.1. by Country
15.5.2. by Vehicle
15.5.3. by Switch
15.5.4. by Sales Channel
15.6. Drivers and Restraints – Impact Analysis
16. Market Structure Analysis
16.1. Global Automotive Switches Market: Competition Analysis
16.2. Comparative Study: EBIT Margin Analysis By Industry & Parts Category
16.3. Global Automotive Switches Market Structure
16.4. Global Automotive Switches Market: Market Concentration by Tier
16.5. Global Automotive Production By Manufacturer
17. Competition Landscape
17.1. Automotive Switches Market Intensity by Market Taxonomy
17.2. Competitive Benchmarking– Automotive Switches Market
17.3. Competition Dashboard
17.4. Competition Deep Dive (15 Companies)
17.5. Tokai Rika Co, Ltd.
17.5.1. Company Overview
17.5.2. Product overview
17.5.3. SWOT Analysis
17.5.4. Key Developments
17.6. LS Automotive Technologies
17.6.1. Company Overview
17.6.2. Product overview
17.6.3. SWOT Analysis
17.6.4. Key Developments
17.7. Hella KGaA Hueck & Co.
17.7.1. Company Overview
17.7.2. Product overview
17.7.3. SWOT Analysis
17.7.4. Key Developments
17.8. Panasonic Corporation
17.8.1. Company Overview
17.8.2. Product overview
17.8.3. SWOT Analysis
17.8.4. Key Developments
17.9. Robert Bosch GmbH
17.9.1. Company Overview
17.9.2. Product overview
17.9.3. SWOT Analysis
17.9.4. Key Developments
17.10. TE Connectivity
17.10.1. Company Overview
17.10.2. Product overview
17.10.3. SWOT Analysis
17.10.4. Key Developments
17.11. Honeywell International
17.11.1. Company Overview
17.11.2. Product overview
17.11.3. SWOT Analysis
17.11.4. Key Developments
17.12. ZF Friedrichshafen AG
17.12.1. Company Overview
17.12.2. Product overview
17.12.3. SWOT Analysis
17.12.4. Key Developments
17.13. Omron Corporation
17.13.1. Company Overview
17.13.2. Product overview
17.13.3. SWOT Analysis
17.13.4. Key Developments
17.14. Leopold Kostal GmbH & Co. KG
17.14.1. Company Overview
17.14.2. Product overview
17.14.3. SWOT Analysis
17.14.4. Key Developments
17.15. Toyodenso Co.,Ltd.
17.15.1. Company Overview
17.15.2. Product overview
17.15.3. SWOT Analysis
17.15.4. Key Developments
17.16. Industrial Engineering Syndicate (INENSY)
17.16.1. Company Overview
17.16.2. Product overview
17.16.3. SWOT Analysis
17.16.4. Key Developments
17.17. Aptiv PLC
17.17.1. Company Overview
17.17.2. Product overview
17.17.3. SWOT Analysis
17.17.4. Key Developments
18. Research Methodology
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Automotive Switches Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028