Automotive Switch Market Size By Vehicle Type (PCV, LCV, HCV, Two Wheelers), By Product (Push Button, Rocker Switches, Rotary Switches, Toggle Switches, Multi-Function Switches), By Application (Indicator System Switches, HVAC, EMS Switches, Electronic System Switches), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Feb 2020  |  Report ID: GMI834  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 548   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Switch Market size valued at USD 13 billion in 2019 and is expected to grow at a CAGR of over 3% from 2020 to 2026. The global unit shipments are projected to cross 1 billion units by 2026.
 

The growing market trend for Electric Vehicles (EVs) due to low fuel consumption and low pollution benefits will add an advantage for automotive switches in the vehicle manufacturing industry. The drive train electrification in EV requires a broad range of sensors, switches, microcontrollers, and other power electronics. Governments from developing nations are launching various schemes to increase the adoption of electric vehicles.
 

Automotive Switch Market

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The leading OEMs in the automotive switch market are now focusing to implement new and innovative components in their vehicles to make the vehicle system more reliable & efficient and enhance their market share. For example, in February 2017, Mercedes-Benz installed a touchpad controller in its S-Class and C-Class models, which include rotary knob and touch keys to operate the navigation and infotainment system in the vehicle. These innovation techniques adopted by vehicle manufacturers are driving the market growth in the coming years.  
 

The growing adoption of dashboard display among OEMs will increase the market for touchscreen capability. This will result in growing opportunities for new haptic technology among market leaders to deliver tactile functioning of buttons, restraining the market demand.
 

It also allows more input controls, thereby reducing the number of mechanical switches in vehicles. This has led to an increase in the adoption of touchscreen display by major car manufacturers to deliver enhanced user interface to drivers.
 

Automotive Switch Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 13 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 3% 2026 Value Projection: USD 16 Billion
Pages: 548 Tables, Charts & Figures: 971
Geographies covered (19): U.S., Canada, UK, Germany, France, Italy, Russia, Spain, Poland, Netherlands, China, India, Japan, South Korea, Thailand, Brazil, Mexico, Argentina, South Africa
Segments covered: Vehicle Type, Product, Application
Companies covered (19): ALPS Alpine Co., Ltd, C&K Components, Inc., COBO S.p.A., Continental AG, Delphi Technologies, GSK InTek Co., Ltd., Hella KGaA Hueck & Co., Leopold Kostal, Marquardt GmbH, Omron Corporation, Panasonic Corporation, Preh GmBH, Robert Bosch GmbH, Standard Motor Products, Tokai Rika Co. Ltd, Toyodenso, Valeo, Vimercati SpA, ZF Friedrichshafen AG
Growth Drivers:
  • Growing implementation of electronic systems in vehicles
  • Increasing adoption of electric vehicles globally
  • Rising demand for comfort and safety systems in vehicles
  • Increasing demand for passenger vehicles in Asia Pacific
Pitfalls & Challenges:
  • Incorporation of touch screen panels
  • Introduction of gesture recognition system in vehicles

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Growing adoption of agricultural machinery in developing nations

The HCVs in the automotive switch market are expected to witness around 3.5% growth during the forecast period. The rising demand for comfort features and enhancing the driving experience and performance will accelerate the demand for various automotive electronics such as HVAC and infotainment systems. This will eventually accelerate the demand for automotive switches in commercial and mid-range vehicles.  
 

The growth in farm mechanism in the agriculture industry majorly in developing countries is increasing the market share for HCVs and is growing at a CAGR of 5%. These farm mechanism techniques are widely adopted in Asia Pacific, majorly in China and India, due to various government schemes and engagement of rural organizations in farming. The growing advancement in agriculture tractors will propel the market opportunity for automotive switches.
 

Growth of multi-function switches in luxury passenger cars

Germany PCV Automotive Switch Market By Product

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Multi-function automotive switch is the fastest-growing segment with a CAGR of 5% through 2026 due to rising demand for steering wheels. The combination or multi-function switches can perform various functions such as wiper system, lighting system, cruise control, and others, thereby increasing their market opportunity in luxury vehicles.
 

Luxury car models implemented with multi-function switches include Mercedes-Benz S-Class, Audi A3, BMW 3ER, Porsche Macan, and others. Manufacturers in the market are continuously implementing these switch systems in their models to enhance the interior and offer more comfort to the driver. For example, in July 2019, Porsche launched Macan S in India that features a three-spoke multi-function steering wheel to offer improved control and stability features.
 

Rising concern for safety features in the U.S. will increase the demand for indicator system switches

Indicator system switches help the driver as well as other vehicles on the road for the change in direction and avoid the chances of collision. These switches are used as the most common safety function available in all types of vehicles including two wheelers and held an automotive switch market share of 4% in 2019.
 

The growing market trend toward road safety will propel the demand for indicator system switches among OEMs and add an advantage for automotive switches. Several government regulations regarding the installation of lightning and electronic equipment will spur the demand for indicator systems in vehicles. For example, in April 2018, the United Nations introduced a regulation for the installation of lighting and light signaling devices.
 

Light vehicle production in the UK is fueling the growth for automotive switches

UK Automotive Switch Market By Vehicle

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Europe accounts for around 20% of the automotive switch market share with estimated gains of over 3.5% through 2026 owing to presence of several leading luxury car manufacturers such as Daimler AG, Audi, and Porsche. The rising demand for modern mobility solutions to offer enhanced safety & comfort features in newly developed luxury, passenger, and commercial vehicles in the region will drive the market growth.
 

The rising production of light commercial vehicles in the UK will increase the growth opportunities for market players in automotive switches. These vehicles nowadays are implemented with various advanced features, such as infotainment and electronic system switches, which will increase the demand for automotive switches in the region.
 

According to the Society of Motor Manufacturers and Traders (SMMT), commercial vehicle production in the UK has increased by 9.8% and reached 8,768 units in 2019 in comparison with 7,983 units produced in 2018.
 

New product innovation is the major market growth strategy

The automotive switch market is highly competitive and is characterized by the presence of major players with strong distribution networks. The leading automotive switch manufacturers include Delphi Technologies, Leopold Kostal GmbH & Co. KG, Panasonic Automotive Systems Co., Valeo, ZF Friedrichshafen AG, Marquardt GmbH, and Preh GmbH.
 

The market players are adopting merger & acquisition and collaboration strategies to innovate new products. This is due to wider adoption of substitutes for automotive switches such as touchscreen panels and gesture recognition systems.
 

For example, in April 2019, Standard Motor Products, Inc. announced the acquisition of Pollak business of Stoneridge, Inc., an automotive part manufacturer, for around USD 40 million. The company is aiming to expand its business facilities in Canton, MA, El Paso, TX, Juarez, and Mexico while distributing a range of engine management products including automotive switches, sensors, and connectors.
 

The automotive switch market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market by Vehicle Type

  • PCV
  • LCV
  • HCV
  • Two Wheelers

Market by Product

  • Push Button
  • Rocker Switches
  • Rotary Switches
  • Toggle Switches
  • Multi-function Switches
  • Others

Market by Application

  • Indicator System Switches
  • HVAC
  • EMS Switches
  • Electronic System Switches
  • Others

The above information is provided for the following regions and countries:

  • North America 
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Netherlands
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
    • Thailand
  • Latin America 
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa 
    • South Africa 
       

Frequently Asked Questions (FAQ) :

The market size of automotive switch was USD 13 billion in 2019.
The industry share of automotive switch is projected to witness more than 3% growth rate during 2020 to 2026.
Multi-function switch is the fastest-growing segment and is estimated to register a CAGR of 5% through 2026 due to rising demand for steering wheels.
Europe accounts for around 20% market share with anticipated gains of over 3.5% through 2026 owing to presence of several leading luxury car manufacturers such as Daimler AG, Audi, and Porsche.
According to this research report, the HCVs in the industry are expected to witness around 3.5% growth during the forecast period.

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Premium Report Details

  • Published Date: Feb 2020
  • Pages: 548
  • Tables: 945
  • Charts / Figures: 26
  • Companies covered: 19
  • Countries covered: 19

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