Automotive Switches Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028

Published on : Feb-2020 | List of Tables : 108 | List of Figures : 256 | No. of Pages : 170 | Report Code : FACT1911MR |

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.

automotive switches market incremental opportunity assessment by region

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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

  • Compact
  • Mid-size
  • Luxury
  • SUV

Interior Control Switches

  • AC Switch Assembly
  • Light Module/Switches
  • Multifunctional Switches
  • Overhead console switch
  • Multimedia Switch assembly
  • Steering Switch Assembly
  • Seat Control Switches
  • Seat Heater Switches

OEM

North America

Light Commercial vehicles

Access Management Switches

  • Power Window Switch Assembly
  • Side Window Switches
  • Door light Switches
  • Ignition Switches
  • Powerlift gate Switches
  • Sun Roof Switches
  • Back Carrier Switches

Aftermarket

Latin America

Heavy Commercial Vehicles

Powertrain & others Switches

  • Reverse light switches
  • Brake light Switches
  • Automatic gear control switches
  • Automatic Reverse Parking Brake Switches
  • Hand Brake Switches
  • Fork lifting Switch Module

 

Europe

Electric Vehicles

 

 

SEA & Pacific

Tractors

 

 

China

Forklifts

 

 

Japan

Two Wheelers

  • Conventional
  • Electric

 

 

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