Automotive Switch Market Size by Vehicle Type (PCV, LCV, HCV), 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, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Oct 2019  |  Report ID: GMI834  |  Authors: Ankita Bhutani, Pallavi Bhardwaj

Report Format: PDF   |   Pages: 220   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Switch Market size exceeded USD 7.5 billion globally in 2018 and is estimated to grow at a CAGR of over 3% between 2019 and 2025. The global unit shipments are expected to reach over 700 million units by 2025.
 

Automotive Switch Market

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Automotive switches are electromechanical devices, which operate electric circuits and are used in vehicles for various applications such as HVAC system, electronic component system, and infotainment system. These components enable the driver to control infotainment system, direction of indicators, headlights, and windows, without getting distracted. Moreover, automobile manufacturers are coming up with new innovations and implementation of electronic devices to make the automobile system more efficient and reliable for users. This provides an opportunity for the automotive switch market growth in the coming year. For instance, Mercedes-Benz models (C-Class and S-Class), are installed with a touchpad controller as an elective feature in the market, which includes a touchpad, one-touch keys, and rotary knob that delivers features such as navigation, infotainment, etc.
 

The increasing focus by the government and fuel economy norms and ratification of stringent emissions are projected to drive the industry demand. For instance, in France, the legislation of the EUs' stringent emission regulations leads to huge capital investments in the driver safety segment and the introduction of R&D plants to enhance ADAS systems, creating opportunities for the expansion of the automotive switch market in the region. Furthermore, government initiatives for research & development projects of vehicle safety are likely to boost the demand for automotive switches es in the market. According to the IBEF (Indian Brand Equity Foundation) report, National Automotive Testing and R&D Infrastructure Project (NATRiP) has established several facilities counting passive safety labs including crash core facility and crash instrumentations in India at ICAT-Manesar and ARAI-Pune.
 

The growing demand for electric vehicles can positively impact market growth over the forecast period as drivetrain electrification, particularly for fully electric vehicles, requires a broad suite of power semiconductor, sensors, microcontroller, and switches. For instance, FAME – India Scheme created by Department of Heavy Industry guided to a continuous growth in registered OEMs and vehicle models. Also, the scheme boosted the sales of electric vehicles and around 261,507 electric/hybrid vehicles were endorsed under the scheme till December 2018.
 

Automotive Switch Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 7.5 Billion
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 3% 2025 Value Projection: USD 9.5 Billion
Pages: 220 Tables, Charts & Figures: 393
Geographies covered (19): U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Poland, Netherlands, China, India, Japan, South Korea, Thailand, Brazil, Mexico, Argentina, South Africa
Segments covered: Product, Vehicle Type, Application
Companies covered (19): Alps Electric, C&K Components, Inc. , COBO S.p.A., Continental AG, Delphi Technologies, GSK InTek Co., Ltd., Hell, 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 & safety systems in vehicles
  • Increasing demand for passenger vehicles in Asia Pacific
Pitfalls & Challenges:
  • Incorporation of screen touch panels
  • Introduction of gesture recognition system in vehicles

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Push-button switches exhibit high demand from passenger and commercial vehicles

The push button segment is dominating the automotive switch market in terms of unit shipments with the CAGR of around 3.5% owing to its escalated implementation in commercial and passenger vehicles. These push button switches are used in various vehicle applications such as start ignition, horn button, sirens, foghorns, etc. Push button switches offer various benefits such as low cost, lightweight, good electrical conductivity, and long service life and can be easily installed by vehicle manufacturers. For instance, in 2019, Ford launched its Endeavour facelift with key-less entry and push button start and further updated feat such as new gear knobs.
 

Escalating demand from passenger commercial vehicle to drive demand

Automotive switches in passenger commercial vehicles are used in various applications such as start button, power window, door locking, air conditioning, etc. Automobile manufacturers are firmly implementing these switches owing to their low cost, easy installation, and ease of use. With the growing demand from consumers for advanced automotive interiors in passenger vehicles, the demand for these switches is projected to drive the automotive switch market. Furthermore, automobile companies are coming up with various investment strategies to enhance their growth. For instance, in April 2018, Ashok Leyland planned to invest a capital of USD 155.20 million to launch its 25-30 new models for various commercial vehicle categories.
 

EMS to grow with a CAGR of over 4% owing to growing demand from electric vehicles

Global Automotive Switch Market Size, By Application, 2018 (Units)
Global Automotive Switch Market Size, By Application, 2018 (Units) 

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Engine management switch is dominating the automotive switch market owing to the increasing demand from autonomous, electronic, and hybrid vehicles. It enhances the control of electronics equipment and improves vehicle efficiency. Moreover, engine management switches can be used in various car applications such as reversing lights, door lights, oil pressure gauge, brake lights, parking sensors, coolant temperature gauge, and radiator fans. They offer high sensitivity and can be operated in extreme conditions. Also, the growing concern for automobile safety among consumers and manufacturers is one of the major factors driving the demand for the EMS system.
 

Increased implementation of automotive switches in Asia Pacific is driving the industry growth

Asia Pacific Automotive Switch Market, by Country, 2025
Asia Pacific Automotive Switch Market, by Country, 2025

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The Asia Pacific automotive switch market share will dominate the overall market and grow at a CAGR of over 4.5% owing to the strong vehicle & component manufacturing sector in Japan, China, and South Korea. The industry is endorsing an increased implementation of these automotive switches in passenger cars, which led to a superior consumption in China. Also, cheap manufacturing, customer awareness, and high government support in China add up to the passenger vehicle expansion. According to the China Association of Automobile Manufacturers, in 2018, around 28 million vehicles were sold, which is likely to propel the market demand in the region.
 

Other Asian countries including India, Japan, and South Korea are also enduring a high expansion of the automobile sector owing to increased consumption of passenger vehicles, manufacturing, and export activities. Furthermore, the automotive switches demand in India is growing rapidly due to the strategic expansion of manufacturers and high R&D investments. For instance, in November 2018, Mahindra Electric Mobility launched its electric technology manufacturing center in Bangalore with an investment of USD 14.25 million, which will expand its annual manufacturing capacity up to 25,000 units.
 

New product developments are the major industry strategies

The players are continuously undergoing product development & innovation strategies to offer application-specific products and address the global automobile industry demand. They are adopting various M&A strategies to strengthen their product portfolio and expand their regional presence. For instance, in May 2019, Tokai Rika Co. Ltd., a leading player for multi-function switch signed a collaboration with Datatec to deliver a new vehicle operation management system. Prominent companies present in the automotive switch market share include Tokai Rika Co., Ltd, Hella KGaA Hueck & Co, Leopold Kostal GmbH & Co, LPS Electric Co., Panasonic Corporation, Continental AG, Autoliv Inc., etc.
 

Industry Background

The automotive switch market comprises a few but established companies across the globe. Several upcoming players are investing huge amounts in R&D activities related to the development of advanced systems. These strategies will lead to the emergence of several new players over the forecast timeline owing to the high demand from OEMs. The industry is expected to witness heavy expansion trend due to increasing implementation in premium & luxury cars. Majority of the vehicles currently include automotive switches due to low cost and high availability across all regions. However, advanced user interactivity, easy installation, and control of driving assistance functions offered by these solutions are major factors supporting the industry expansion prospects.
 

The automotive switch market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in Units from 2015 to 2025 for the following segments:

Automotive Switch Market, By Vehicle Type

  • PCV
  • LCV
  • HCV

Automotive Switches Market, By Product

  • Push button
  • Rocker
  • Rotary
  • Toggle
  • Multi-function switches
  • Others

Automotive Switch 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) :

Automotive switches are electromechanical devices, which operate electric circuits and are used in vehicles for various applications such as HVAC system, electronic component system, and infotainment system.
These switches enable the driver to control infotainment system, direction of indicators, headlights and windows without getting distracted.
According to GMI report, the global automotive switch shipments are expected to reach over 700 million units by 2025.
The report estimates, push button segment is dominating the market in terms of unit shipments with the CAGR of around 3.5% owing to its escalated implementation in commercial and passenger vehicles.
According to this report, Asia Pacific automotive switch industry will dominate the overall market and grow at a CAGR of over 4.5% owing to the strong vehicle & component manufacturing sector in Japan, China, and South Korea.

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