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Global Automotive Switch Market to reach USD 8.05 billion by 2028.

Global Automotive Switch Market to reach USD 8.05 billion by 2028.

Product Code: ALTAMC-38036289
Publish Date: 2-03-2022
Page: 200

Global Automotive Switch Market is valued approximately USD 6.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.8% over the forecast period 2022-2028.
Automotive switches are one of the major components in automotive as they control the overall electrical equipment installed in an automotive. It is primarily accountable for monitoring the total number of electrical equipment that is equipped with an automotive. Automotive switches are divided into several categories based on their functioning, such as toggle switches, keyed switches, push and pull switches, marine-grade switches, and many others. The growing demand for heavy-duty vehicles and light passenger vehicles, rising inclination towards electric vehicles, coupled with the continuous technological developments of and the emergence of electronics is the primary factors for the market growth across the globe. For instance, as per the survey of the International Energy Agency in 2018, there were nearly 1 million electric cars were sold in 2017 with more than half of global sales in China. Additionally, it is projected that the overall number of electric cars sold exceeded 2.1 million worldwide in 2019. However, fluctuating prices of raw materials used in manufacturing switches impede the growth of the market over the forecast period of 2022-2028. Also, partnerships between major OEMs & domestic players are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Automotive Switch market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific is the leading region across the world in terms of market share owing to the growth of emerging economies such as South Korea, India, China, and Australia and the increasing disposable income of middle-class consumers. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing popularity of luxury vehicles, higher penetration of electronics in vehicles, as well as increasing demand for advanced systems such as automatic transmission, front & rear air conditioning, and infotainment display in vehicles would create lucrative growth prospects for the Automotive Switch market across the Asia-Pacific region.
Major market players included in this report are:
Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Alps Alpine Co., Ltd.
Panasonic Corporation
Tokai Rika Co., Ltd.
Johnson Electric Holdings Limited
Toyodenso Co., Ltd.
Omron Corporation
Panasonic Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Ignition Switches
HVAC Switches
Steering Wheel Switches
Window Switches
Overhead Console Switches
Seat Control Switches
Door Switches
Hazard Switches
Multi-purpose Switches
By Design
Rocker Switches
Rotary Switches
Toggle Switches
Push Switches
Other Switches
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Automotive Switch Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Automotive Switch Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Automotive Switch Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Automotive Switch Market, by Design, 2020-2028 (USD Million)
1.2.4. Global Automotive Switch Market, by Vehicle Type, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Switch Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Switch Market Dynamics
3.1. Automotive Switch Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing demand for light passenger vehicles & heavy-duty vehicles Rising penetration of electronics in vehicles produced worldwide
3.1.2. Market Challenges Fluctuating prices of raw materials used in manufacturing switches
3.1.3. Market Opportunities Partnerships between major OEMs & domestic players
Chapter 4. Global Automotive 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 (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Automotive Switch Market, by Type
6.1. Market Snapshot
6.2. Global Automotive Switch Market by Type, Performance – Potential Analysis
6.3. Global Automotive Switch Market Estimates & Forecasts by Type 2019-2028 (USD Million)
6.4. Automotive Switch Market, Sub Segment Analysis
6.4.1. Ignition Switches
6.4.2. HVAC Switches
6.4.3. Steering Wheel Switches
6.4.4. Window Switches
6.4.5. Overhead Console Switches
6.4.6. Seat Control Switches
6.4.7. Door Switches
6.4.8. Hazard Switches
6.4.9. Multi-purpose Switches
6.4.10. Others
Chapter 7. Global Automotive Switch Market, by Design
7.1. Market Snapshot
7.2. Global Automotive Switch Market by Design, Performance – Potential Analysis
7.3. Global Automotive Switch Market Estimates & Forecasts by Design 2019-2028 (USD Million)
7.4. Automotive Switch Market, Sub Segment Analysis
7.4.1. Rocker Switches
7.4.2. Rotary Switches
7.4.3. Toggle Switches
7.4.4. Push Switches
7.4.5. Other Switches
Chapter 8. Global Automotive Switch Market, by Vehicle Type
8.1. Market Snapshot
8.2. Global Automotive Switch Market by Vehicle Type, Performance – Potential Analysis
8.3. Global Automotive Switch Market Estimates & Forecasts by Vehicle Type 2019-2028 (USD Million)
8.4. Automotive Switch Market, Sub Segment Analysis
8.4.1. Passenger Cars
8.4.2. Light Commercial Vehicles
8.4.3. Heavy Commercial Vehicles
Chapter 9. Global Automotive Switch Market, Regional Analysis
9.1. Automotive Switch Market, Regional Market Snapshot
9.2. North America Automotive Switch Market
9.2.1. U.S. Automotive Switch Market Type estimates & forecasts, 2019-2028 Design estimates & forecasts, 2019-2028 Vehicle Type estimates & forecasts, 2019-2028
9.2.2. Canada Automotive Switch Market
9.3. Europe Automotive Switch Market Snapshot
9.3.1. U.K. Automotive Switch Market
9.3.2. Germany Automotive Switch Market
9.3.3. France Automotive Switch Market
9.3.4. Spain Automotive Switch Market
9.3.5. Italy Automotive Switch Market
9.3.6. Rest of Europe Automotive Switch Market
9.4. Asia-Pacific Automotive Switch Market Snapshot
9.4.1. China Automotive Switch Market
9.4.2. India Automotive Switch Market
9.4.3. Japan Automotive Switch Market
9.4.4. Australia Automotive Switch Market
9.4.5. South Korea Automotive Switch Market
9.4.6. Rest of Asia Pacific Automotive Switch Market
9.5. Latin America Automotive Switch Market Snapshot
9.5.1. Brazil Automotive Switch Market
9.5.2. Mexico Automotive Switch Market
9.6. Rest of The World Automotive Switch Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Robert Bosch GmbH Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Continental AG
10.2.3. ZF Friedrichshafen AG
10.2.4. Alps Alpine Co., Ltd.
10.2.5. Panasonic Corporation
10.2.6. Tokai Rika Co., Ltd.
10.2.7. Johnson Electric Holdings Limited
10.2.8. Toyodenso Co., Ltd.
10.2.9. Omron Corporation
10.2.10. Panasonic Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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