Global Automotive Steering Wheel Switch Market Size Study, by Type (Push, Seesaw), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), by Sales Channel (OEM, Aftermarket), and Regional Forecasts 2022-2032

Description

Global automotive steering wheel switch market is valued at approximately USD 1.84 billion in 2023 and is projected to grow with a robust CAGR of around 2.3% over the forecast period 2024-2032. Automotive steering wheel switches are integral components that enhance the driving experience by allowing drivers to control various vehicle functions, such as audio systems, cruise control, and communication systems, without removing their hands from the steering wheel. These switches not only contribute to convenience but also significantly improve safety by enabling the driver to focus on the road.

The market for automotive steering wheel switches is driven by several key factors, including the rising demand for driver assistance systems and advanced safety features, coupled with an increase in vehicle sales and production globally. Technological advancements in the automotive industry, particularly the integration of sophisticated features such as adaptive cruise control and lane departure warning systems, have further propelled the demand for these switches. Additionally, the growing preference for high-end luxury features among consumers has led to the widespread adoption of steering wheel switches as standard in many passenger vehicles.

However, the market faces challenges due to the increasing adoption of touchscreen displays in vehicles. Touchscreen interfaces provide a sleek and user-friendly alternative to traditional buttons, leading OEMs to integrate larger touchscreen-based systems, which could reduce the demand for physical switches on the steering wheel. Despite these challenges, the market is poised for growth opportunities, particularly in the aftermarket segment and with the advancement of electric vehicle technology, which could spur the development and adoption of innovative steering wheel switch designs.

Regionally, Asia-Pacific dominates the market due to rising economic activity, growth in the automotive sector, and increasing consumer preference for luxury vehicles. Countries like China, India, and Indonesia have seen a surge in the sales of high-end vehicles, driven by the rise in purchasing power and the expansion of the upper middle class. This regional growth has attracted significant investments from global luxury vehicle manufacturers, thereby boosting the demand for automotive steering wheel switches. Whereas, the market in Europe is anticipated to grow at the fastest rate over the forecast period fueled by advancements in vehicle technology and increasing consumer demand for enhanced convenience and safety features. Innovations such as integrated controls for infotainment systems, adaptive cruise control, and driver assistance systems are leading to a rise in steering wheel switch adoption. Additionally, the push towards electrification and the growing emphasis on driver comfort and personalization contribute to market growth.

Major market players included in this report are:

Delphi Technologies
Preh GmbH
Valeo SA
C&K Components, Inc.
ZF Friedrichshafen
Tokai Rika
Standard Motor Products, Inc.
KOSTAL Automobil Elektrik GmbH & Co. KG
Panasonic Corporation
ALPS Alpine Co Ltd

The detailed segments and sub-segment of the market are explained below:

By Type

Push
Seesaw

By Vehicle Type

Passenger Vehicle
Commercial Vehicle

By Sales Channel

OEM
Aftermarket

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Automotive Steering Wheel Switch Market Executive Summary

1.1. Global Automotive Steering Wheel Switch Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Vehicle Type
- 1.3.3. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Steering Wheel Switch Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Steering Wheel Switch Market Dynamics

3.1. Market Drivers
- 3.1.1. Surge in Demand for Driver Assistance and Safety Features
- 3.1.2. Growth in Vehicle Sales and Production
- 3.1.3. Technological Advancements in Automotive Industry
3.2. Market Challenges
- 3.2.1. Increasing Adoption of Touchscreen Displays
- 3.2.2. High Costs of Steering Wheel Switches
3.3. Market Opportunities
- 3.3.1. Growing Aftermarket Demand
- 3.3.2. Advancements in Electric Vehicle Technology
- 3.3.3. Development of Innovative Steering Wheel Switch Designs

Chapter 4. Global Automotive Steering Wheel Switch Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Steering Wheel Switch Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Steering Wheel Switch Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Push
- 5.2.2. Seesaw

Chapter 6. Global Automotive Steering Wheel Switch Market Size & Forecasts by Vehicle Type 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Steering Wheel Switch Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Passenger Vehicle
- 6.2.2. Commercial Vehicle

Chapter 7. Global Automotive Steering Wheel Switch Market Size & Forecasts by Sales Channel 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Steering Wheel Switch Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. OEM
- 7.2.2. Aftermarket

Chapter 8. Global Automotive Steering Wheel Switch Market Size & Forecasts by Region 2022-2032

7.1. North America Automotive Steering Wheel Switch Market
- 7.1.1. U.S. Automotive Steering Wheel Switch Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032 (USD Billion)
  - 7.1.1.2. Vehicle Type Breakdown Size & Forecasts, 2022-2032 (USD Billion)
  - 7.1.1.3. Sales Channel Breakdown Size & Forecasts, 2022-2032 (USD Billion)
- 7.1.2. Canada Automotive Steering Wheel Switch Market
7.2. Europe Automotive Steering Wheel Switch Market
- 7.2.1. U.K. Automotive Steering Wheel Switch Market
- 7.2.2. Germany Automotive Steering Wheel Switch Market
- 7.2.3. France Automotive Steering Wheel Switch Market
- 7.2.4. Spain Automotive Steering Wheel Switch Market
- 7.2.5. Italy Automotive Steering Wheel Switch Market
- 7.2.6. Rest of Europe Automotive Steering Wheel Switch Market
7.3. Asia-Pacific Automotive Steering Wheel Switch Market
- 7.3.1. China Automotive Steering Wheel Switch Market
- 7.3.2. India Automotive Steering Wheel Switch Market
- 7.3.3. Japan Automotive Steering Wheel Switch Market
- 7.3.4. Australia Automotive Steering Wheel Switch Market
- 7.3.5. South Korea Automotive Steering Wheel Switch Market
- 7.3.6. Rest of Asia-Pacific Automotive Steering Wheel Switch Market
7.4. Latin America Automotive Steering Wheel Switch Market
- 7.4.1. Brazil Automotive Steering Wheel Switch Market
- 7.4.2. Mexico Automotive Steering Wheel Switch Market
- 7.4.3. Rest of Latin America Automotive Steering Wheel Switch Market
7.5. Middle East & Africa Automotive Steering Wheel Switch Market
- 7.5.1. Saudi Arabia Automotive Steering Wheel Switch Market
- 7.5.2. South Africa Automotive Steering Wheel Switch Market
- 7.5.3. Rest of Middle East & Africa Automotive Steering Wheel Switch Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Delphi Technologies
- 8.1.2. Preh GmbH
- 8.1.3. Valeo SA
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Delphi Technologies
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Preh GmbH
- 8.3.3. Valeo SA
- 8.3.4. C&K Components, Inc.
- 8.3.5. ZF Friedrichshafen
- 8.3.6. Tokai Rika
- 8.3.7. Standard Motor Products, Inc.
- 8.3.8. KOSTAL Automobil Elektrik GmbH & Co. KG
- 8.3.9. Panasonic Corporation
- 8.3.10. ALPS Alpine Co Ltd

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes