Automotive Switch Market shipments to hit 850 million units by 2024

Share this news:

"China automotive switch market to earn a massive revenue via passenger vehicles application over 2017-2024"

Increasing usage of automotive switches in vehicle operating systems to enhance vehicle safety will impel automotive switch market expansion. The worldwide vehicle production has risen by nearly 22% over 2010-2016 and is expected to boost the market demand. Vehicle production in the Asia Pacific alone has risen by 22% from 2012 to 2016, while vehicle production in the U.S. has increased by 18% from 2012 to 2016. With the increasing number of vehicles globally, the demand for integrated electronics inside the vehicle has also increased, thereby fueling the growth of automotive switch market. The rapidly evolving automotive electronics sector is also projected to create huge opportunities for the business space.

According to Global Market Insights, Inc., “Automotive Switch industry is projected to cross the revenue margin of USD 40 billion by 2024, growing at a rate of 5% over the period of 2017-2024.”

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/834

Automotive switches find major applications in commercial vehicles, EMS (engine management switches), HVAC (Heating, ventilation, and air conditioning), passenger vehicles, and indicator systems. Automotive switch industry size in engine management switches sector is estimated to record a CAGR of 4% during 2017-2024, owing to high product demand across hybrid and electric vehicles.

Passenger vehicles sector, which contributed to more than 70% of automotive switch industry size in 2016, is projected to grow considerably over the coming seven years. The growth can be attributed to the comfortable driving experience, better engine functionality, and newly embedded safety features.

Taking into consideration the geographical trends, Europe automotive switch industry is expected to witness a lucrative growth in the future, owing to burgeoning demand for advanced electronic devices by original equipment manufacturers. Automotive switch market size in Asia Pacific is projected to experience a noteworthy expansion. This growth can be credited to the popular usage of advanced vehicle parts in commercial and passenger automobiles. South Korea, China, Japan, and India are slated to be the major regional revenue pockets.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/834

U.S. automotive switch market is forecast to make substantial contributions toward North America automotive switch industry revenue, subject to heavy demand for luxury vehicles. The large presence of key car manufacturers such as Chrysler, The Ford Motor Company, The General Motors Company, and Tesla Incorporation across the region will further boost the revenue.

Touchpads, knobs, buttons, and levers are major automotive switch products. Touchpad automotive switch industry is predicted to experience a remarkable expansion over the coming seven years, owing to the rising application of touch pads in smartphones and their ability to impart an aesthetic appeal to the products.

Button automotive switch industry is projected to witness a substantial surge over the years to come. This is primarily due to the growing product usage in passenger and commercial vehicles coupled with rising acceptance of electronics system in automobiles.

Market players will try to increase their revenue through high R&D funding for creating new products at reasonable costs. The key industry participants include Continental AG, TRW Automotive, Delphi Automotive PLC, Omron Corporation, Tokai Rika Company Limited, and Hella.

Browse key industry insights spread across 130 pages with 110 market data tables & 81 figures & charts from the report, “Automotive Switch Market Size By Product (Knob, Lever, Button, Touchpad), By Application (HVAC, Indicator System, EMS), By End-Use (Commercial Vehicles, Passenger Vehicles), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Brazil, Mexico, Egypt, South Africa) Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automotive-switch-market


Chapter 4. Automotive Switch Market, By Product

4.1. Global automotive switch market share by product, 2016 & 2024
4.2. Knob
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3. Lever
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Button
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Touchpad
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Others
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013-2024

Chapter 5. Automotive Switch Market, By Application

5.1. Global automotive switch market share by application, 2016 & 2024
5.2. HVAC
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Indicator system switches
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4. EMS Switches
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
5.5. Others
5.5.1. Market estimates and forecast, 2013-2024
5.5.2. Market estimates and forecast, by region, 2013-2024

Chapter 6. Automotive Switch Market, By End-Use

6.1. Global automotive switch market share by end-use, 2016 & 2024
6.2. Commercial
6.2.1. Market estimates and forecast, 2013-2024
6.2.2. Market estimates and forecast, by region, 2013-2024
6.3. Passenger
6.3.1. Market estimates and forecast, 2013-2024
6.3.2. Market estimates and forecast, by region, 2013-2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/automotive-switch-market


About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Suite L 105, Ocean View, Delaware 19970, United States
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/automotive-switch-market

Release ID: 209584

CONTACT ISSUER
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Suite L 105, Ocean View, Delaware 19970, United States
SUBSCRIBE FOR MORE