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Analysis of Automotive Switch Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Automotive

The “Automotive Switch Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Automotive Switch market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Automotive Switch market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The automotive switch market (henceforth, referred to as the market studied) was valued at USD 25.80 billion in 2018, and it is anticipated to register a CAGR of about 8.59% during the forecast period (2019 – 2024).
  • – The increasing electronic content in the vehicles and increasing focus and enactment of stringent emission and fuel economy norms are expected to drive the demand for automotive switches. However, with the advent of growing awareness of virtual assistants and the inclusion of voice recognition technology in the vehicles, the market studied is expected to witness hindrance in the coming years.
  • – Automotive switches market captures major demand from IC engine vehicles, followed by hybrid, plug-in hybrid, and electric vehicles. Button type switches capture the majority of the market, with approximately 50%, followed by knob and touch pad, with 32% and 18%, respectively.
  • – The Asia-Pacific region is expected to continue to dominate the market studied and is also expected to witness the highest growth rate during the forecast period, owing to growing automotive industry and rising demand for technologically-advanced vehicles, which include safety features, infotainment systems, and HVAC systems.
  • – Some of the major players dominating the market studied are Tokai Rika Co. Ltd, Alps Electric Co. Ltd, Continental AG, Omron Corp., Hella (New Zealand), ZF TRW Automotive Holdings Corp., and Autoliv Inc., among others.

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    In Automotive Switch Market Report, Following Companies Are Covered:

  • Alps Electric
  • Robert Bosch GmbH
  • Continental AG
  • Hella KGaA Hueck & Co.
  • Omron Corporation
  • Panasonic Corporation
  • Tokai Rika Co. Ltd
  • Minda Corporation Limited
  • ZF Friedrichshafen AG

    Automotive Switch Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • The automotive switch market covers all the latest investment and acquisition made by major players, the demand for electronic features in a vehicle, and initiatives taken by the government to make the vehicles safer. The includes

    Reasons for Buying Automotive Switch Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Usage of Electronics in Vehicles Produced Across the World

    The automotive industry is transitioning from hardware- to software-defined vehicles, and the average software and electronics content per vehicle is increasing rapidly. Both government involvement and consumers’ demand for greater automatic control of systems have been resulting in the increased use of electronics in vehicles. Additionally, the increasing focus toward autonomous vehicles, and making cars smarter (by making them able to connect with each other, vehicle-to-vehicle (V2V), and vehicle-to-infrastructure (V2I) communications), along with ensuring convenience for the consumers, the demand for electronic systems in new cars has been increasing rapidly. Moreover, the demand for automotive electronics has further increased, as technologies are being made widely available in mid-range and entry-level cars and also because consumers purchase technology-based aftermarket products.

    The drivetrain electrification, especially in fully electric vehicles, has the advantages of high energy efficiency and zero tailpipe emissions. Thereby, the advent of a broad suite of microcontrollers, power semiconductors, switches, and sensors for the pure electric vehicle segment is expected to help drive the growth of the automotive switch market.

    Geographical Trends

    The Asia-Pacific region is leading the automotive switch market, followed by Europe and North America. The Chinese economy is growing, and the disposable income of middle-class consumers is also increasing. In 2017, 24,961,948 units of passenger vehicles were sold in China, compared to 24,376,902 units in 2016. The factors making China one of the largest growing markets for switches are low costs, due to the domestic concentration of manufacturing plants, and more sales.

    The demand for automotive switches in India is growing swiftly, as the manufacturers are expanding their business by acquiring major players and also investing in R&D projects. For Instance: In March 2018, TVS Group acquired stake in ZF Electronics (TVS) India. TVS group informed that TVS Srichakra Limited (TSL) is acquiring 500,000 equity shares in ZF Electronics (TVS) India Pvt. Limited, through its wholly-owned subsidiary, TVS Srichakra Investments Limited.

    The US companies are entering into partnerships and spending more on R&D projects and offering products with the latest technology and maximum efficiency. For instance:

    – Semtech Corporation is a supplier of analog and mixed-signal semiconductors. The company has designed its latest FemtoSwitch load switches for the automotive industry. As these switches have very low quiescent current and shutdown current, they are ideal for preserving battery life in specific products, such as automotive smart-keys.

    In France, the enactment of the EUs’ stringent emission regulations, the investment in driver safety segment, and installation of research and development (R&D) plants to improvise the ADAS systems have so far ensured the growth of the automotive switch market in the country. Additionally, installation of safety systems, like ABS and ESC, have also boosted the need for electromechanical braking automotive switch in the European region.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Automotive Switch create from those of established entities?

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    Detailed TOC of Automotive Switch Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Switch Type
    5.1.1 Knob
    5.1.2 Button
    5.1.3 Touchpad
    5.2 Application
    5.2.1 Indicator System Switches
    5.2.2 Electronic System Switches
    5.2.3 HVAC
    5.2.4 EMS Switches
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.1.4 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Russia
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Alps Electric
    6.3.2 Robert Bosch GmbH
    6.3.3 Continental AG
    6.3.4 Hella KGaA Hueck & Co.
    6.3.5 Omron Corporation
    6.3.6 Panasonic Corporation
    6.3.7 Tokai Rika Co. Ltd
    6.3.8 Minda Corporation Limited
    6.3.9 ZF Friedrichshafen AG

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 DISCLAIMER

     

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