Automotive Switch Market - Trends Forecast Till 2028

Automotive Switch Market, by Type (Knob, Lever, Button, Touchpad & Others), Switch Application (HVAC, Indicator, Electronic, Engine Management, Power Windows, Ignition, Multi-purpose & Others), Vehicle Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AU-ASM-504

Format:  

Number of Pages: 340

Domain: Automotive

Automotive Switch Market – Trends Forecast Till 2028

The global automotive switch market size is projected to reach USD 7.6 billion by 2026 at a CAGR of 3.9% from USD 6.3 billion in 2021 during the forecast period 2021-2028.

There are various types of switches used in automobiles like an ignition switch. Switch performs the basis function of ON and OFF.it either allow the current to flow through or do not allow it. The ignition switch is used to activate the main electrical system of the vehicle.

Due to the recent surge in demand for light passenger vehicle along with the rise in demand for electric vehicle globally are some of the factors that have supported long-term expansion for Automotive switch Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Many manufacturing units were shut down, supply chain of raw material was disrupted and hence the market saw a negative phase with the pandemic.

Automotive Switch Market Report

Asia Pacific is expected to be the largest market during the forecast period. The increasing popularity of luxury vehicle, deeper penetration of advanced system like automatic transmission are the reason for expansion of market in the region.

Automotive switch Market is segmented into Type, Application, Vehicle Type and geography.

On the basis of Type                                              

  • Knob
  • Lever
  • Button
  • Touchpad
  • Other switches

Switch Application

  • HVAC
  • Indicator
  • Electronic
  • Engine Management
  • Power Windows
  • Ignition
  • Multi-purpose
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Automotive Switch Market Primary Respondent

 

Key Players

  • Robert Bosch GmbH
  • Continental AG
  • ZF Friedrichshafen AG
  • Alps Alpine Co., Ltd.
  • Panasonic Corporation

Recent Developments

  • In October 2019, Bosch made an expansion to its subsidiary in Holzkirchen and this is expected to be finished by summer 2021.
  • In July 2018, Continental organised a ground-breaking ceremony for its first plant in Kaunas, Lithuania. By the second half of 2019, manufacturing for electronic components wiil be started in the new electronics plant.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Automotive switch market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 6.3 million

Growth Rate

CAGR of 3.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Type, Application, Vehicle Type and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Alps Alpine Co., Ltd., Panasonic Corporation

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