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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
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.