Automotive Switch Global Market Report 2024

Description

“Automotive Switch Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on automotive switch market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for automotive switch? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The automotive switch market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Ignition Switches; HVAC Switches; Steering Wheel Switches; Window Switches; Overhead Console Switches; Seat Control Switches; Door Switches; Hazard Switches; Multi-purpose Switches; Other Types
2) By Design: Rocket Switches; Rotary Switches; Toggle switches; Push Switches
3) By Vehicle: PCV; LCV; HCV; Two Wheelers
4) By Application: Indicator System Switches; HVAC; EMS Switches; Electronic System Switches; Others Switches
Companies Mentioned: ZF Friedrichshafen AG; Johnson Electric Holdings Limited; Leopold Kostal GmbH & Co. Kg; Marquardt GmbH; Preh GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Automotive switches serve the purpose of establishing or disconnecting electrical connections between the power source and the on-board power supply in vehicles. They play a critical role in performing various switching tasks, contributing to both safety and comfort within the vehicle.

The primary types of automotive switches include ignition switches, HVAC switches, steering wheel switches, window switches, overhead console switches, seat control switches, door switches, hazard switches, and multi-purpose switches. Ignition switches, for example, consist of multiple components working together and are controlled by the vehicle's internal computer to start the vehicle. Automotive switches come in various designs such as rocket switches, rotary switches, toggle switches, and push switches. These switches are utilized across a range of vehicles, including Passenger Cars (PCVs), Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), and two-wheelers. They find applications in various systems within the vehicle, including indicator system switches, HVAC (Heating, Ventilation, and Air Conditioning), EMS (Engine Management System), and other electronic system switch applications.

The automotive switch market research report is one of a series of new reports from The Business Research Company that provides automotive switch market statistics, including automotive switch industry global market size, regional shares, competitors with automotive switch market share, detailed automotive switch market segments, market trends and opportunities, and any further data you may need to thrive in the sutomotive switch industry. This automotive switch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive switch market size has grown strongly in recent years. It will grow from $21.65 billion in 2023 to $23.75 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth observed during the historic period can be attributed to several factors, including the increase in vehicle production, the influence of safety regulations, growth in the electric vehicle (EV) market, an aging vehicle fleet, and rapid urbanization trends.

The automotive switch market size is expected to see strong growth in the next few years. It will grow to $33.96 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing prevalence of autonomous vehicles, economic market growth, the adoption of automotive electronics, and a rise in disposable income. Major trends expected during this period encompass the integration of touch and gesture controls, the use of haptic feedback switches, the development of modular and multi-function switches, the integration of Human-Machine Interface (HMI), and a focus on aftermarket customization within the automotive switch industry.

The surge in global electric vehicle adoption is set to drive the expansion of the automotive switch market. Electric vehicles, characterized by their reliance on electrical current rather than traditional fuel sources, have gained substantial traction owing to their low maintenance costs, minimal environmental impact, and operational efficiency. Notably, Power Electronics reported substantial growth in electric vehicle markets across China, the United States, and Europe in 2021, with a 160% increase in sales during the first half of the year. This momentum accounted for 26% of new sales in the global automotive market, demonstrating the increasing adoption of electric vehicles and subsequently fueling the growth of the automotive switch market.

Furthermore, the automotive switch market is anticipated to experience growth propelled by increased sales in the commercial vehicle sector. Commercial vehicles, crucial for transporting goods and passengers, heavily rely on automotive switches for diverse functions, contributing to safety, convenience, and overall vehicle operation. Data from the International Organization of Motor Vehicle Manufacturers revealed a remarkable 69% surge in commercial vehicle sales in Argentina in 2021, while Austria experienced a more modest 9% uptick. This heightened demand in commercial vehicle sales is poised to drive the growth of the automotive switch market.

A noteworthy trend gaining traction in the automotive switch market is the technological advancement in fingerprint automotive start systems. Major players in the automotive switch sector are dedicated to developing cutting-edge technological solutions to enhance their market position. For instance, Genesses, a US-based company, introduced TECH in September 2021-a fingerprint automation system utilizing advanced technology and automotive intelligence. This innovative system enables drivers to control the vehicle based on biometric information, eliminating the need for traditional keys or smartphones. The fingerprint authentication can be utilized for in-vehicle functions and valet mode release, showcasing a forward-looking approach to automotive switch technology. Genesses plans to integrate this technology into the new module GV60.

Major companies in the automotive switch market are investing in innovative products to meet the increasing demands of automotive consumers. A notable example is the introduction of the SPVQ8H Series by Alps Alpine Co., Ltd., a Japanese electronic company, in March 2021. This series of switches is characterized by its exceptionally small size, waterproof design, and internal resistor. Rated for a maximum of 0.1A at 12V DC, these switches have a push operating force of 1±0.5N and an actuator force of 3N at most. The SPVQ8H Series is recognized as one of the smallest detector switches in the industry and is available in a variety of configurations. These waterproof detector switches cater to diverse applications, including automotive, industrial, and consumer electronics.

In August 2022, Cummins Inc., a leading U.S.-based automotive component manufacturer, completed the acquisition of Meritor, Inc., a U.S.-based manufacturer of automobile components, in a deal valued at 3.7 billion. This strategic move by Cummins Inc. is aimed at strengthening its product offerings and capabilities in axle and brake technology, reflecting the dynamic landscape of partnerships and acquisitions within the automotive industry.

Major companies operating in the automotive switch market include ZF Friedrichshafen AG, Johnson Electric Holdings Limited, Leopold Kostal GmbH & Co. Kg, Marquardt GmbH, Preh GmbH, Valeo, Robert Bosch GmbH, Littelfuse Inc., INENSY, Tokai Rika Co Ltd., Toyodenso Co. Ltd., Alps Alpine Co. Ltd., Continental AG, Hella KGaA Hueck & Co., Omron Corporation, Panasonic Corporation, Minda Corporation Limited, Sumitomo Corporation, Lear Corporation, Aptiv PLC, Yazaki Corporation, Leoni AG, Furukawa Electric Co. Ltd., Fujikura Ltd., Coroplast Fritz Muller GmbH & Co., Jiangsu Kyungshin Electronic Co. Ltd., Nexans S.A., THB Group Inc., Hitachi Automotive Systems Americas Inc.

Asia-Pacific was the largest region in the automotive switch market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive switch market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the Automotive Switch market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The automotive switch consists of sales of power relays, PCB power relays, DC small power relay, power relays high capacities switching, AC power latching relays. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9374

1. Executive Summary

2. Automotive Switch Market Characteristics

3. Automotive Switch Market Trends And Strategies

4. Automotive Switch Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Automotive Switch Market Size and Growth

5.1. Global Automotive Switch Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Automotive Switch Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Automotive Switch Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Automotive Switch Market Segmentation

6.1. Global Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Ignition Switches
HVAC Switches
Steering Wheel Switches
Window Switches
Overhead Console Switches
Seat Control Switches
Door Switches
Hazard Switches
Multi-purpose Switches
Other Types
6.2. Global Automotive Switch Market, Segmentation By Design, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Rocket Switches
Rotary Switches
Toggle switches
Push Switches
6.3. Global Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
PCV
LCV
HCV
Two Wheelers
6.4. Global Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Indicator System Switches
HVAC
EMS Switches
Electronic System Switches
Others Switches

7. Automotive Switch Market Regional And Country Analysis

7.1. Global Automotive Switch Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automotive Switch Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Automotive Switch Market

8.1. Asia-Pacific Automotive Switch Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Automotive Switch Market

9.1. China Automotive Switch Market Overview
9.2. China Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Automotive Switch Market

10.1. India Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Automotive Switch Market

11.1. Japan Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Automotive Switch Market

12.1. Australia Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Automotive Switch Market

13.1. Indonesia Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Automotive Switch Market

14.1. South Korea Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Automotive Switch Market

15.1. Western Europe Automotive Switch Market Overview
15.2. Western Europe Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Automotive Switch Market

16.1. UK Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Automotive Switch Market

17.1. Germany Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Automotive Switch Market

18.5. France Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Automotive Switch Market

19.9. Italy Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Automotive Switch Market

20.13. Spain Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Automotive Switch Market

21.1. Eastern Europe Automotive Switch Market Overview
21.2. Eastern Europe Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Automotive Switch Market

22.1. Russia Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Automotive Switch Market

23.1. North America Automotive Switch Market Overview
23.2. North America Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Automotive Switch Market

24.1. USA Automotive Switch Market Overview
24.2. USA Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Automotive Switch Market

25.1. Canada Automotive Switch Market Overview
25.2. Canada Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Automotive Switch Market

26.1. South America Automotive Switch Market Overview
26.2. South America Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Automotive Switch Market

27.1. Brazil Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Automotive Switch Market

28.1. Middle East Automotive Switch Market Overview
28.2. Middle East Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Automotive Switch Market

29.1. Africa Automotive Switch Market Overview
29.2. Africa Automotive Switch Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automotive Switch Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automotive Switch Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Automotive Switch Market Competitive Landscape And Company Profiles

30.1. Automotive Switch Market Competitive Landscape
30.2. Automotive Switch Market Company Profiles
- 30.2.1. ZF Friedrichshafen AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Johnson Electric Holdings Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Leopold Kostal GmbH & Co. Kg
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Marquardt GmbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Preh GmbH
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Automotive Switch Market Competitive Benchmarking

32. Global Automotive Switch Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Switch Market

34. Automotive Switch Market Future Outlook and Potential Analysis

34.1 Automotive Switch Market In 2028 - Countries Offering Most New Opportunities
34.2 Automotive Switch Market In 2028 - Segments Offering Most New Opportunities
34.3 Automotive Switch Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer