Global automotive switches market to reach a market size of more than 2020 billion units by 2019, says Technavio

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This market research report segments the global automotive switches market by button switch, rotary switch, and other type of switches. It includes market shares of APAC, Americas, and EMEA. Leading market vendors analyzed by the report include Robert Bosch, Continental, ZF, TRW, Delphi, and Hella.

Technavio has released updated information on the automotive market, with the publication of its new market research report, global automotive switches market. The global automotive switches market is expected to grow at a CAGR of more than 4% between 2015 and 2019, owing to the increasing use of touchpads, integrated central panel, steering wheel switches, and increased electrification in vehicles. APAC leads the global market for automotive switches, occupying 40% of the total market share. It is the largest and fastest growing vehicle market in the world. Besides Japan and South Korea, India is emerging as an attractive destination for automotive switch manufacturers.

“Owing to increased road safety concerns, the automotive manufacturers are incorporating integrated central panels and steering wheel switches in modern cars. In integrated central panels, the switches are assimilated into a centrally located panel for the driver’s easy use. Integrated central panels include utilities like HVAC, entertainment, communication, navigation, and accessory switches. The steering wheel switches provide control to audio, phone, and infotainment systems, directly on the steering wheel. It gives the driver convenient access to all the controls, increasing driver safety,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.

Lately, the auto manufacturers have been focusing towards electrification in automobiles, by implementing newer technologies. They are upgrading their vehicle models with electric motors, and more reliable software. Consequently, the increased electrification in vehicles has augmented the demand for switches, with extra facilities like steering wheel switches, touchpads, and power window buttons.

The key vendors dominating the global automotive switches market are Robert Bosch, Continental, ZF, TRW, Delphi, and Hella. Intese competition prevails in this market as the key players are continually introducing new technologies and more aesthetic designs. These vendors will predominantly focus on their product quality during the forecast period.

A more detailed analysis is available in the Technavio report, Global Automotive Switches Market 2015-2019.

We can customize this reports by other regions and specific segments upon request.

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