Automotive Micro Switch Market
Automotive Micro Switch Market Study by Standard, General Purpose, Single Pole Standard Precision, Double Pole Double Throw, and Subminiature Micro Switches from 2023 to 2033
Analysis of Automotive Micro Switch Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
FREE CustomizationAutomotive Micro Switch Market Outlook (2023 to 2033)
The global automotive micro switch market stands at US$ 3.4 billion in 2023. Global demand for automotive micro switches is anticipated to increase at a CAGR of 3.9% and end up at a market valuation of US$ 5 billion by the end of 2033.
- Worldwide demand for standard micro switches is forecasted to increase faster at a CAGR of 5% over the decade.
Several components are used for the manufacturing of an automobile. Many components are designed specifically to function as sensors in different vehicles. Automotive manufacturers can produce more efficient products with multiple configurations of actuators, wired connections, and terminations with the use of appropriate micro switches.
The automotive micro switch market is geared up for a profitable future with noticeable growth in the automotive market across developing countries around the world. Micro switches come under the category of electric switches, which are actuated through the utilization of a tipping-point mechanism with very little force.
Reliability is one of the main advantages of a micro switch. Switching generally occurs at some specific positions reliably. This feature of automotive micro switches is generally not present in other switches, which helps them to get a competitive edge around the world. The ability of micro switches to produce larger movements at the electrical contacts with small actuator movements is also serving as one of the noteworthy factors that will drive their sales over the decade.
Micro switches are very popular due to their low cost and reliability. Among other industries, the automotive industry is a substantial adopter of micro switches. They are mainly used in operation systems, engine area interiors, door interlocks, seal detection, electronic steering column lock, and electric parking brakes. Additionally, a steady fall in the cost of micro switches will also boost their demand across the globe.
Micro switches are well-known for their longer life, which is anticipated to keep their demand high in the forecasted period. Various established players are putting efforts to innovate novel micro switch technology, which will further create noteworthy opportunities in the target market.
Fact.MR, a provider of market research and competitive intelligence, in its newly published research report on the global automotive micro switch market provided a thorough analysis of different aspects of the industry.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.4 Billion |
| Forecasted Market Value (2033) | US$ 5 Billion |
| Global Market Growth Rate (2023 to 2033) | 3.9% CAGR |
| Canada Market Growth Rate (2023 to 2033) | 3% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 2.1% CAGR |
| Demand Growth of Standard Micro Switches (2023 to 2033) | 5% CAGR |
| Key Companies Profiled | ALPS Electric Co., Ltd.; Camsco Electric Co., Ltd.; Honeywell Sensing and Internet of Things; Knitter-Switch; Omron Corporation; Microprecision Electronics SA; TE Connectivity Ltd.; Panasonic Corporation |
Why are Automotive Micro Switches Being Preferred Around the World?
“Growing Use of Electronics in Automobiles Manufactured Globally”
In recent years, the automotive industry is undergoing a transition from hardware to software-defined automobiles. The average electronics and software content per vehicle is rising rapidly. Not only government involvement but also consumer requirements for greater automotive control of systems can result in the growing adoption of electronics in vehicles.
Growing concentration toward autonomous vehicles along with increasing efforts by automobile manufacturers to make smarter cars can also generate opportunities in the target market. Certain technologies are adopted to establish vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communications. These efforts will ensure convenience to consumers while propelling demand for electronic systems in newly manufactured cars.
Consumers, in recent years, are giving preference to technology-based aftermarket products. Moreover, the availability of automotive electronics in entry-level and mid-range cars will also contribute to growth opportunities in the coming 10 years.
In fully electric vehicles (EVs), drivetrain electrification provides various advantages, including zero tailpipe emissions and high energy efficiency. Thus, the advent of microcontrollers, switches, sensors, and power semiconductors for the EV segment is predicted to contribute to target market growth opportunities.
“Rapidly Rising Production and Sales of Vehicles in Emerging Countries”
The production and sales of vehicles are increasing at a noteworthy speed in developing countries due to urbanization and industrialization. The growing per capita income of consumers is also estimated to increase the spending capacity of individuals on luxury products, which can stimulate demand for vehicles. The higher standard of living of people across developing countries will also put a direct impact on the demand for vehicles.
The growth in the target industry is directly proportional to the sales and production of vehicles. Their increased sales have resulted in the growing demand for automotive switches.
How Can Demand for Automotive Micro Switches be Adversely Impacted?
“Growing Awareness about Virtual Assistants Limiting Adoption of Micro Switch Technology”
In recent years, people are gaining awareness about virtual assistants. In addition, the adoption of voice recognition technology in a wide variety of vehicles is estimated to create hurdles against growth opportunities in the coming 10 years.
“Fluctuations in Prices of Raw Materials Used to Manufacture Switches”
Raw materials, which are utilized for the production of electrical switches consist of metal sheets, plastics, and plating material. These raw materials are usually noble metals and there are constant fluctuations in their prices. These changes can cause variations in the final price of the newly manufactured switches, which can further adversely impact growth opportunities.
Which Region is a Key Market for Automotive Micro Switch Manufacturers?
“Asia Pacific to Account for Substantial Market Share”
Asia Pacific is anticipated to hold a significant share of the global market revenue. The rising popularity of luxury vehicles, especially in China is predicted to drive lucrative opportunities in the region. The increasing penetration of various advanced systems, including front & rear air conditioning, infotainment displays, and automatic transmission in newly manufactured vehicles is estimated to stimulate demand for automotive micro switches.
South Korea and Japan have a higher penetration of electronics, which is putting a noticeable impact on regional market revenue. The rising vehicle production in the region is also boosting growth opportunities there.
Country-wise Insights
Why are Sales of Automotive Micro Switches Gaining Momentum in Japan?
“High Penetration of Electronics Driving Demand for Automotive Micro Switches”
Demand for automotive micro switches is estimated to advance at a slow CAGR of 1.3% from 2023 to 2033 in Japan. Increasing penetration of electronics along with rising vehicle production in Japan is estimated to have a noteworthy impact on growth opportunities there.
What Makes the United States a Leading Market in This Space?
“Growing Production of Automotive in the Country”
The revenue of the United States market reached US$ 873 million in the year 2022. Increasing production of automotive in the United States and the rising use of automotive micro switches in vehicles will contribute to growth opportunities as well.
Why are Suppliers of Automotive Micro Switches Eyeing Germany?
“Increasing Installation of Safety Systems Propelling Demand for Automotive Micro Switches”
Demand for automotive micro switches is anticipated to expand at a sluggish CAGR of 2.1% from 2023 to 2033 in Germany. Installation of safety systems have put a direct impact on the demand for electromechanical braking automotive switches there.
Category-wise Insights
Which Type of Automotive Micro Switch Has Acquired High Importance?
“Standard Micro Switches to Account for Leading Market Share”
Based on type, the market is bifurcated into general purpose micro switches, double pole double throw micro switches, standard micro switches, single pole standard precision micro switches, subminiature micro switches, and others. The demand for Standard micro switches is predicted to expand at a CAGR of 5% and will reach a valuation of US$ 923 million by the end of 2033.
Will the Automotive Sector Continue to Bring in High Revenue for Players?
“Rising Demand for Micro Switches to Improve Safety Features in Automotive Sector”
Based on end use, the global market is classified into consumer electronics, industrial, retail, automotive, and others. The automotive segment is anticipated to hold a substantial share of revenue which is around 54% of the total by the end of 2033. This segment is further subdivided into passenger cars and commercial vehicles.
Rising penetration of smartphones can enable drivers to misuse their automotive keys and thus necessitate a replacement. The application of stringent government regulations related to the reduction in the size of the airbags along with increasing demand for safety features will further stimulate demand for automotive micro switches around the world in the coming decade.
The commercial vehicle segment is expected to grow at a noticeable speed due to the rising requirements for safety features, including door interlock switches and panic buttons which are raised by transport authorities across the globe. This demand is owing to the risks of road accidents, which are caused because of distractions by vehicle drivers.
Key Market Players
Prominent providers of automotive micro switches are increasing their expenditures to strengthen supply chain management systems to deliver end products at global and local platforms. These channels ensure safe and quick delivery of products to end users. Further, certain guidelines are implemented by regulatory bodies to reduce environmental impacts.
Key suppliers of automotive micro switches are ALPS Electric Co., Ltd., Camsco Electric Co., Ltd., Honeywell Sensing and Internet of Things, Knitter-Switch, Omron Corporation, Microprecision Electronics SA, TE Connectivity Ltd., and Panasonic Corporation.
Segmentation of Automotive Industry Research
-
By Type :
- Standard Micro Switches
- General Purpose Micro Switches
- Single Pole Standard Precision
- Double Pole Double Throw
- Subminiature Micro Switches
- Others
-
By End Use :
- Consumer Electronics
- Industrial
- Automotive
- Passenger Cars
- Commercial Vehicles
- Retail
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
- 9.1. Standard Micro Switches
- 9.2. General Purpose Micro Switches
- 9.3. Single Pole Standard Precision Micro Switches
- 9.4. Double Pole Double Throw Micro Switches
- 9.5. Subminiature Micro Switches
- 9.6. Others
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use
- 10.1. Consumer Electronics
- 10.2. Industrial
- 10.3. Automotive
- 10.4. Passenger Cars
- 10.5. Commercial Vehicles
- 10.6. Retail
- 10.7. Others
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. ALPS Electric Co., Ltd.
- 21.2. Camsco Electric Co., Ltd.
- 21.3. Honeywell Sensing and Internet of Things
- 21.4. Knitter-Switch
- 21.5. Omron Corporation
- 21.6. Microprecision Electronics SA
- 21.7. TE Connectivity Ltd.
- 21.8. Panasonic Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By End Use, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Type, 2023 (E)
Figure 18: North America Market Value Share, By End Use, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Type, 2023 (E)
Figure 26: Latin America Market Value Share, By End Use, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Type, 2023 (E)
Figure 34: Europe Market Value Share, By End Use, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Type, 2023 (E)
Figure 42: South Asia Market Value Share, By End Use, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Type, 2023 (E)
Figure 50: East Asia Market Value Share, By End Use, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Type, 2023 (E)
Figure 58: Oceania Market Value Share, By End Use, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By End Use, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Type, 2023 (E)
Figure 78: Canada Market Value Share, By End Use, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Type, 2023 (E)
Figure 81: Mexico Market Value Share, By End Use, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Type, 2023 (E)
Figure 84: Brazil Market Value Share, By End Use, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By End Use, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Type, 2023 (E)
Figure 90: Germany Market Value Share, By End Use, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Type, 2023 (E)
Figure 93: France Market Value Share, By End Use, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Type, 2023 (E)
Figure 96: Italy Market Value Share, By End Use, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Type, 2023 (E)
Figure 99: Spain Market Value Share, By End Use, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Type, 2023 (E)
Figure 102: Russia Market Value Share, By End Use, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Type, 2023 (E)
Figure 105: China Market Value Share, By End Use, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Type, 2023 (E)
Figure 108: Japan Market Value Share, By End Use, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Type, 2023 (E)
Figure 111: South Korea Market Value Share, By End Use, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Type, 2023 (E)
Figure 114: India Market Value Share, By End Use, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Type, 2023 (E)
Figure 120: Australia Market Value Share, By End Use, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Type, 2023 (E)
Figure 129: Turkey Market Value Share, By End Use, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Type, 2023 (E)
Figure 132: South Africa Market Value Share, By End Use, 2023 (E)
- FAQs -
What is the global automotive micro switch market size in 2023?
The global automotive micro switch market is valued at US$ 3.4 billion in 2023.
What was the valuation of the automotive micro switch market in 2022 in the United States?
The United States market for automotive micro switches reached US$ 873 million in 2022.
At what rate will the demand for automotive micro switches increase through 2033?
Demand for automotive micro switches is predicted to rise at a CAGR of 3.9% from 2023 to 2033.
At what pace will the demand for automotive micro switches increase in Germany?
Sales of automotive micro switches are anticipated to increase at a CAGR of 2.1% in Germany.
What is the demand outlook for automotive micro switches in Canada?
Revenue from the sales of automotive micro switches is expected to increase at 3% CAGR in Canada.
What is the forecasted valuation of the global market by the end of 2033?
Global demand for automotive micro switches is expected to reach a market value of US$ 5 billion by the end of 2033.
Who are the leading manufacturers of automotive micro switches?
ALPS Electric Co., Ltd., Camsco Electric Co., Ltd., Honeywell Sensing and Internet of Things, Knitter-Switch, and Microprecision Electronics SA are key suppliers of automotive micro switches.
Automotive Micro Switch Market