According to the new market research report “Automotive Switch Market By Type (Knob, Lever, Button, Touchpad & Others), Switch Application (HVAC, Indicator, Electronic, Engine Management, Power Windows, Ignition, Multi-purpose & Others), Vehicle Type and Region – Global Forecast to 2026”, Published by MarketsandMarkets, The Automotive Switches Market is projected to grow at a CAGR of 3.8% from 2021 to 2026, and the market size is expected to grow from USD 6.2 billion in 2021 to USD 7.5 billion by 2026.
The growing popularity of premium vehicles with advanced systems such as power windows, front & rear AC conditioning, EMS systems etc. is expected to significantly boost Automotive Switches Market. Trends towards lightweight vehicle parts is also expected to propel Automotive Switches Market.
Browse in-depth TOC on “Automotive Switches Market”
188 – Tables
42 – Figures
156 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=236022802
Air conditioner temperature switch is the fastest growing market by application
An increase in superior cabin experience has propelled ever-increasing the growth of the AC lines market. Today, almost all the vehicles that are manufactured are equipped with an air conditioning system. Thus, there is tough competition between automakers to provide enhanced comfort. This competition has increased pressure on OEMs to deliver technologically advanced automotive air conditioning systems. Also, the increasing popularity of premium vehicles has driven the adoption of the rear AC system. Thus, the increasing demand for rear air conditioning has also driven the growth of air conditioner temperature switch is expected to grow further in coming years.
PC is the largest market for automotive switches, by vehicle type
The passenger car segment is estimated to hold the largest market share of the Automotive Switches Market during the forecast period. The growing PC production in countries such as China, India, Brazil is driving Automotive Switches Market. Growing Installation of systems such as infotainment display, power windows is driving the market for touchpad, and buttons. Thus, considering the above-mentioned factors, the PC Automotive Switches Market is expected to get a significant boost in the forecast period.
Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=236022802
The Asia Pacific is estimated to be the largest geographical segment of the Automotive Switches Market
The Asia-Oceania region comprises countries such as China, India, and Japan. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a faster pace. An increasing number of vehicle manufacturing facilities due to the low cost of production in developing countries, increasing production capacity, and growing demand for light and heavy vehicles is driving the market for automotive switches in these countries. At the same time, the demand for luxury cars has increased considerably. The increase in demand for vehicles, especially premium passenger cars, has accentuated the need for cabin comfort and luxury and enhanced the demand for better air conditioning systems, driving Automotive Switches Market. Thus, the market for Automotive Switches Market in the region is expected to grow significantly in the coming years.
The Automotive Switches Market is dominated by global players and comprises several regional players as well. The key players in the Automotive Switches Market are Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG(Germany), Alps Alpine Co., Ltd. (Japan), Panasonic Corporation (Japan).
Browse Related Reports:
Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region – Global Forecast to 2025
Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region – Global Forecast to 2025
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-switches-market.asp
The post Automotive Switch Market 2021-2026| MarketsandMarkets appeared first on Financial Market Brief.