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Automotive Switch Market 2020: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-15 

The expanding automotive sector worldwide is anticipated to provide lucrative growth opportunities to automotive switch market. The adoption of automotive switches will be primarily driven by their growing use in modern vehicles to support a range of integrated functionalities including in-vehicle infotainment systems, driver assistance, Bluetooth, and telematics.

Based on the vehicle type, the market is segmented into PCV, HCV, LCV, and two wheelers. It is estimated that LCV segment will witness a CAGR of 1.6% during the forecast timeframe. This can be attributed to growing integration of advanced technologies and features in vehicles for enhanced safety and comfort.

The automotive sector has witnessed robust innovations in vehicle fleet management systems in recent times. Technologies such as vehicle tracking, onboard remote assistance, and telematics are being increasingly deployed into LCVs. This trend will certainly boost the adoption different electrical and power switches for easy and efficient functioning of these on-board systems.

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Emerging technologies such as internet of things (IoT) and artificial intelligence (AI) are disrupting the auto industry. Future vehicles, particularly LCVs, are anticipated to be powered by connected car and vehicle-to-anything (V2X) communication technologies. The aforementioned trends indicate prosperous opportunities for automotive switch manufactures in the coming years.

Automotive switch industry share is bifurcated into push-button, rotary switches, rocker switches, multi-function switches, and toggle switches. Rocker switches product segment captured more than 21% revenue share in 2019 and is projected to experience increased adoption in the forthcoming years. Rocker switches find extensive application in LCVs on account of excellent capability to handle large currents.

Another notable feature of rocker switches is that they can be illuminated to indicate the on and off status. This makes them best-suited for vehicles dashboard applications such as lights and other auxiliary functions. Furthermore, their high current handling capacity makes them preferable for operation of different circuits via a single control switch such as heated seats, window defoggers, and power door locks.

Considering the applications spectrum, the market can be classified into indicator system switches, EMS switches, electronic system switches, and HVAC. Electronic system switches segment is estimated to record a CAGR of 3.2% during the study period owing to growing consumer inclination towards the integration of automotive electronics components.

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Surging automotive production has increased the deployment of electronic systems such as engine management, infotainment, telematics, ignition, and radio. Moreover, the rapidly emerging trend of electric mobility and strong demand advanced electronic systems for driving electric and hybrid vehicles will propel the demand for electronic systems switches.

In terms of the regional landscape, Middle East & Africa will witness growth at a healthy CAGR of 3.5% through the forecast timeframe. This can be attributed to increasing consumer attraction towards premium sports and luxury cars. In addition, robust development in the regional auto spare parts market in recent years will fuel the MEA industry demand.

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Report Content

Chapter 1   Methodology & Scope

1.1   Methodology

1.2   Scope

1.2.1   Methodology and forecast parameters

1.2.2   Industry insights and validation

1.2.3   Definitions

1.3   Data Sources

1.3.1   Secondary

1.3.2   Primary

Chapter 2   Executive Summary

2.1   Automotive switch industry 3600 synopsis, 2015-2026

2.2   Business trends

2.3   Regional trends

2.4   Vehicle type trends

2.5   Product trends

2.6   Application trends

Chapter 3   Automotive Switch  Industry Insights

3.1   Industry Segmentation

3.2   Industry landscape, 2015-2026

3.2.1   Global automotive industry landscape, 2015-2026

3.2.2   Global automotive production statistics, 2015-2018

3.3   Industry ecosystem analysis

3.3.1   Research & development

3.3.2   Component supplier

3.3.3   Manufacturers

3.3.4   Distribution channel analysis

3.3.5   Vendor matrix

3.4   Technology & innovation landscape

3.4.1   Haptic sensor technology   Touch screen switch panels

3.5   Regulatory Landscape

3.5.1   International Standards   ISO 7588-2:1998   ISO 9001   IEC 60068   ISO/TS 16949   ISO 26262

3.5.2   North America   CSA Mark   SAE J 1211-2012 (SAE J1211-2012)   SAE AS 5553C-2019   NAFTA

3.5.3   Europe   Directive 2007/46/EC   CE Marking   Motor Vehicle Framework Directive 2007/46/EC   Directive 2012/19/EU   IATF 16949

3.5.4   Asia Pacific   CCC mark   QC/T 198-2014   Australian design rules

3.5.5   Latin America   Route 2030

3.5.6   MEA   UAE Vehicle Control System Standard

3.6   Industry impact forces

3.6.1   Growth drivers   Growing implementation of electronic systems in vehicles   Increasing adoption of electric vehicles globally   Rising demand for comfort & safety systems in vehicles   Increasing demand for passenger vehicles in Asia Pacific

3.7   Growth potential analysis

3.8   Porter’s Analysis

3.9   Competitive landscape

3.9.1   Company market share analysis

3.9.2   Other players

3.9.3   Strategy dashboard

3.10   PESTLE Analysis

3.10.1   Industry Pitfalls    Incorporation of touch screen panels    Introduction of gesture recognition system in vehicles

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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