Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Automotive Switches Sales to More than Double as Adoption of Automotive Interior Control Switches Grows

This image opens in the lightbox

News provided by

Fact.MR

13 Oct, 2021, 17:00 GMT

Share this article

Share toX

Share this article

Share toX

- Demand in Automotive Switches Market Set to Expand by 1.4x Creating Incremental Opportunity of US$ 15.5 Bn

- A detailed assessment of automotive switches value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in Fact.MR's exclusive coverage on the automotive switches market. The report highlights the growth drivers and opportunities likely to present themselves in the forthcoming decade.

NEW YORK, Oct. 13, 2021 /PRNewswire/ -- Fact.MR projects the automotive switches market to exhibit impressive growth at 8.7% CAGR between 2021 and 2031. Sales of automotive switches are expected to total US$ 15.5 Bn through 2021. Increasing demand for automation and electronics in passenger cars has pushed the adoption of automotive switches.

Historically, the market grew at 7% CAGR during 2016 and 2020. Sales of automotive switches are set to expand by 1.4x within passenger cars segment over the forecast period. Spurred by the growing demand for access management and interior control switches, sales are expected to double in the coming years.

Increasing focus of automotive manufacturers to provide premium parts at low maintenance and repair cost has bolstered the sales of automotive switches. In order to meet the growing requirement of automation within electric vehicles, adoption of advanced multifunctional switches and seat control switches have increased.

As China is one of the leading producers of electric and heavy duty vehicles, the report identifies is as a highly lucrative market for automotive switches. Besides this, the presence of some of the leading original equipment manufacturers (OEMs) are expected to push sales in the country.

"Integration of artificial intelligence and other advanced technologies to improve the efficiency of vehicle and offer better comfort will improve the sales of advanced automotive switches," says a Fact.MR analyst.

For More Information On How To Improve Your Automotive Switches Market Footprint, Request A Sample Here

https://www.factmr.com/connectus/sample?flag=S&rep_id=1911

Key Takeaways from Automotive Switches Market Survey

  • Sales of automotive switches within passenger cars is expected to surpass US$ 19 Bn by 2031
  • Demand for interior control switches to surge at 4.2% CAGR between 2021 and 2031
  • Nearly 1/3rd of global market sales to be contributed by access management switches
  • China is expected to be the fastest growing market across East Asia owing to the growing electric vehicle sales in the country
  • Germany anticipated to be one of the most lucrative market in Europe

Key Drivers

  • Growing sales of light passenger and heavy duty vehicle have increased the demand for interior control and access management switches
  • Integration of automation and advanced electronics in electric and passenger vehicles have surged the sales
  • Partnerships between original equipment manufacturers (OEMs) and automakers will provide lucrative growth opportunities for market

Ask Your Automotive Switches Market Related Questions & Get Customized Reports:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=1911

Competitive Landscape

Key players in the market are focusing on developing and expanding their product portfolio through new launches. Participation in expansion strategies such as mergers and acquisitions has increased among leading companies.

Players are also increasing their investments in research activities to develop advanced products and gain competitive edge in the market. For instance,

  • In June 2021, leading manufacturer of high quality electromechanical switches, C&K, announced the launch of navigation switch, SAMXD, for extensive use in automotive applications for actuator position and shape.
  • In November 2020, Broadcom Inc. announced the availability of AEC-Q100 compliant multigigabit Ethernet PHY transceiver family and multilayer Ethernet switch family with 802.1AE MACsec support, the BCM8989X and BCM8957X, respectively.
  • In January 2020, NXP Semiconductors, world's largest supplier of automotive semiconductors, announced the multi-gigabit Ethernet switch designed to help automakers deliver the high-speed networks required for improving connected vehicles.

Some of the leading market players operating in the automotive switches market profiled by Fact.MR are:

  • Tokai Rika Co. Ltd,
  • LS Automotive Technologies
  • Hella KGaA Hueck & Co.
  • Panasonic Corporation
  • Robert Bosch GmbH
  • TE Connectivity
  • Honeywell International Inc.
  • ZF Friedrichshafen AG
  • Omron Corporation
  • Leopold Kostal GmbH & Co. KG
  • Toyodenso Co. Ltd.
  • Industrial Engineering Syndicate (INENSY)
  • Aptiv Plc 
  • Others

More Valuable Insights on Automotive Switches Market

Fact.MR, in its new report, offers an unbiased analysis of the global automotive switches market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in automotive switches market with detailed segmentation:

By Vehicle:

  • Passenger Cars
    • Compact
    • Mid-size
    • Luxury
    • SUV
  • Light Commercial vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles
  • Tractors
  • Forklifts
  • Two Wheelers
    • Conventional
    • Electric

By Switch:

  • Automotive Interior Control Switches
    • AC Switch Assembly
    • Light Module/Switches
    • Multifunctional Switches
    • Overhead Console Switch
    • Multimedia Switch assembly
    • Steering Switch Assembly
    • Seat Control Switches
    • Seat Heater Switches
  • Automotive Access Management Switches
    • Power Window Switch Assembly
    • Side Window Switches
    • Door Light Switches
    • Ignition Switches
    • Powerlift Gate Switches
    • Sun Roof Switches
    • Back Carrier Switches
  • Automotive Powertrains & Other Switches
    • Reverse Light Switches
    • Brake Light Switches
    • Automatic Gear Control Switches
    • Automatic Reverse Parking Brake Switches
    • Hand Brake Switches
    • Fork Lifting Switch Module

By Sales Channel:

  • OEMs
  • Aftermarket

Key Questions Covered in the Automotive Switches Market Report 

  • The market survey also highlights projected sales growth for automotive switches market between 2021 and 2031
  • The report offers insight into automotive switches demand outlook for 2021-2031
  • Automotive switches market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
  • Automotive switches market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

Explore Fact.MR's Coverage on the Automotive Domain

Tractors Market - The majority of tractors manufactured around the world will be built with a hydraulic mechanism. Hydraulic tractors' advantages in terms of efficient fuel and fluid transmissions, economical utility, and conservative power consumption will drive their sales in the near future. During the forecast period, more than half of all tractors sold globally will be hydraulically powered. Self-driving tractors will enter the agricultural machinery industry in the near future, thanks to the advancement of autonomous driving technologies.

Hybrid Electric Vehicles Market - Newer and smarter algorithms are on their way to revolutionizing hybrid electric vehicle fuel efficiency. As a result of these trends, hybrid electric vehicles will have a bankable market share by 2021. Through 2031, the European region is expected to be the largest revenue contributor to the global market for hybrid electric vehicles, emerging as one of the frontrunners, with a significant market share of nearly 16 percent by the end of the forecast period.

Electric Car Battery Charger Market - The European electric car battery charger market is expected to lead the world during the assessment period, particularly in terms of float-type electric car battery charger sales. According to FMR's study on the electric car battery charger market, the automatic electric car battery charger is also expected to perform well in Europe's electric car battery charger market, which currently accounts for more than one-third of total sales revenue in the automatic electric car battery charger market.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trust us in critical decision making.

MarketNgage is powered by Fact.MR – our Unified Intelligence Engine, a revolutionary Market Research Subscription platform with a flexible pricing to suit your needs.

You can access all our Automotive research reports by signing up with MarketNgage's Market Research Subscription with FREE credits. MarketNgage is powered by Fact.MR – A Fully integrated research solution for seamless single-window access Widest coverage on emerging markets, nascent products, and disruptive technologies. 

Contact:

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg

Modal title

Also from this source

Bisabolene Market is Forecasted to Reach US$ 4.6 Million by 2034, Expanding at a CAGR of 3.9% | Fact.MR Report

According to a new research report published by Fact.MR, the global Bisabolene Market was valued at US$ 3 million in 2023 and has been forecasted to...

Hyaluronic Acid Raw Material Market is projected to grow at a CAGR of 5.2%, Reaching a value of $11.7 billion by 2034 | Fact.MR Report

The global Hyaluronic Acid Raw Material Market has been valued at US$ 7.05 billion in 2024, as stated in the recently updated industry analysis by...

More Releases From This Source

Explore

Automotive

Automotive

Transportation, Trucking & Railroad

Transportation, Trucking & Railroad

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.