Global automotive switch market to record strong CAGR through 2026
Category: #business  By Partha Ray  Date: 2020-06-03
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Global automotive switch market to record strong CAGR through 2026

According to the research report titled ‘Automotive Switch Market Size By Vehicle Type (PCV, LCV, HCV, Two Wheelers), By Product (Push Button, Rocker Switches, Rotary Switches, Toggle Switches, Multi-Function Switches), By Application (Indicator System Switches, HVAC, EMS Switches, Electronic System Switches), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global automotive switch market is expected to grow substantially by the year 2026.

Rapid expansion of automotive sector coupled with consumer preference for premium vehicles equipped with advanced infotainment systems, telematics, Bluetooth and driver assistance systems are major factors driving the growth of automotive switch market.

As per vehicle type, light commercial vehicle (LCV) segment is poised to expand with a CAGR of 1.6% during 2020-2026. Incorporation of advanced features and technologies such as telematics, onboard remote assistance and vehicle tracking systems in order to improve comfort and safety of vehicles is fueling the segmental growth. Automotive switches enables efficient and easy functioning of these on-board systems. Moreover, integration of technologies such as AI (artificial intelligence), IoT (internet of things) and connected technologies in LCVs is favoring the market outlook.

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Based on product landscape, rocker switches segment held 21% revenue share in 2019 and is expected to grow significantly during the forecast period. Rocker switches are employed in LCVs since they can easily handle large currents. They can be illuminated to indicate the off/on status of a vehicle application, hence are widely used in vehicle dashboards.

The report cites that electronic systems switches application is projected to register a y-o-y growth rate of 3.2% during 2020-2026, primarily due to growing inclination towards incorporation of electronic components in vehicles. Increasing automotive production has bolstered the demand for radio, ignition, telematics, infotainment and engine management systems in vehicles. Mounting adoption of electronic systems in hybrid and electric vehicles is stimulating the industry outlook.

Considering the geographical landscape, Middle East & Africa automotive switch industry is reckoned to witness a y-o-y growth rate of 3.5% during 2020-2026. Increasing popularity of premium sports cars and luxury automobiles along with technological advancements in auto spare parts is favoring the market scenario in MEA.

ZF Friedrichshafen AG, Vimercati S.p.A., Valeo, Toyodenso Co. Ltd., Tokai Rika Co. Ltd., Standard Motor Products Inc., Bosch Group, Preh GmbH, Panasonic Corp., Omron Corp., Marquardt GmbH, Leopold Kostal GmbH & Co. KG, Hella KGaA Hueck & Co., GSK InTek Co. Ltd., Delphi Technologies, Continental AG, COBO S.p.A., C&K Components Inc. and Alps Alpine Co. Ltd. are the major contenders in automotive switch market.

Questions and Answers: Automotive Switch Market

Question 1: Why is automotive switch industry witnessing continuous growth?

Answer: Rapid expansion of automotive sector coupled with consumer preference for premium vehicles equipped with advanced infotainment systems, telematics, Bluetooth and driver assistance systems are major factors driving the growth of automotive switch market.

Question 2: What factors are augmenting the demand for automotive rocker switches?

Answer: Rocker switches are employed in LCVs since they can easily handle large currents. They can be illuminated to indicate the off/on status of a vehicle application, hence are widely used in vehicle dashboards.

Question 3: How will Middle East & Africa contribute towards automotive switch market expansion?

Answer: Increasing popularity of premium sports cars and luxury automobiles along with technological advancements in auto spare parts are favoring the market scenario in MEA.

Question 4: Which companies define the competitive landscape of automotive switch market?

Answer: Leopold Kostal GmbH & Co. KG, Hella KGaA Hueck & Co., GSK InTek Co. Ltd., Delphi Technologies, Continental AG, COBO S.p.A., C&K Components Inc. and Alps Alpine Co. Ltd. are the major contenders in automotive switch market.

Table of 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

 

3.4.1.1   Touch screen switch panels

 

3.5   Regulatory Landscape

 

3.5.1   International Standards

 

3.5.1.1   ISO 7588-2:1998

 

3.5.1.2   ISO 9001

 

3.5.1.3   IEC 60068

 

3.5.1.4   ISO/TS 16949

 

3.5.1.5   ISO 26262

 

3.5.2   North America

 

3.5.2.1   CSA Mark

 

3.5.2.2   SAE J 1211-2012 (SAE J1211-2012)

 

3.5.2.3   SAE AS 5553C-2019

 

3.5.2.4   NAFTA

 

3.5.3   Europe

 

3.5.3.1   Directive 2007/46/EC

 

3.5.3.2   CE Marking

 

3.5.3.3   Motor Vehicle Framework Directive 2007/46/EC

 

3.5.3.4   Directive 2012/19/EU

 

3.5.3.5   IATF 16949

 

3.5.4   Asia Pacific

 

3.5.4.1   CCC mark

 

3.5.4.2   QC/T 198-2014

 

3.5.4.3   Australian design rules

 

3.5.5   Latin America

 

3.5.5.1   Route 2030

 

3.5.6   MEA

 

3.5.6.1   UAE Vehicle Control System Standard

 

3.6   Industry impact forces

 

3.6.1   Growth drivers

 

3.6.1.1   Growing implementation of electronic systems in vehicles

 

3.6.1.2   Increasing adoption of electric vehicles globally

 

3.6.1.3   Rising demand for comfort & safety systems in vehicles

 

3.6.1.4   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

 

3.10.1.1    Incorporation of touch screen panels

 

3.10.1.2    Introduction of gesture recognition system in vehicles

 

Chapter 4   Automotive Switch Market, By Vehicle

 

4.1   Key trends, by vehicle type

 

4.2   PCV

 

4.2.1   Market estimates and forecast, 2015-2026

 

4.2.2   Market estimates and forecast, by product 2015 – 2026

 

4.3   LCV

 

4.3.1   Market estimates and forecast, 2015-2026

 

4.3.2   Market estimates and forecast, by product 2015 – 2026

 

4.4   HCV

 

4.4.1   Market estimates and forecast, 2015-2026

 

4.4.2   Market estimates and forecast, by product 2015 – 2026

 

4.4.3   Market estimates and forecast, by end-use 2015 – 2026

 

4.5   Two wheelers

 

4.5.1   Market estimates and forecast, 2015-2026

 

4.5.2   Market estimates and forecast, by product 2015 – 2026

 

Chapter 5   Automotive Switch Market, By Product

Complete Report At: https://www.marketstudyreport.com/reports/automotive-switch-market

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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