Dublin, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The "Automotive Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global automotive switch market reached a value of US$ 26.05 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 36.56 Billion by 2027, exhibiting a CAGR of 5.81% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. Automotive switches are one of the essential components that regulate electrical systems installed in automobiles. They offer reliable circuit control for the vehicle ignition and are considered ideal for on and off highway, marine, and testing equipment. They are used for safety and preventing battery drain when a vehicle is idle for a period. At present, the increasing demand for luxury vehicle models is impelling the market growth. Automotive Switch Market Trends:

At present, there is a rise in the demand for electric vehicles (EVs) due to low fuel consumption among the masses. This, along with the growing demand for heavy-duty and light passenger vehicles, represents one of the key factors driving the market.

Moreover, there is an increase in the implementation of electronic systems in vehicles. This, coupled with the increasing need for comfort and safety systems in vehicles, is propelling the growth of the market. In addition, there is a rise in the utilization of various automotive electronics, such as heating, ventilation, and air conditioning (HVAC) and infotainment systems. In line with this, the burgeoning automotive industry is offering lucrative growth opportunities to industry investors.

Besides this, the growing advancement in agriculture tractors, especially in the developing regions, is positively influencing the market. Apart from this, the rising use of combination or multi-function switches that can perform various functions, such as wiper systems, lighting systems, and cruise control, is catalyzing the demand for automotive switches. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce enhanced switches for better control and stability features. These innovations are expected to bolster the growth of the market.

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alps Alpine Co. Ltd., C&K, Eaton Corporation PLC, HELLA GmbH & Co. KGaA (Faurecia SE), INENSY, Johnson Electric Holdings Limited, Marquardt Group, Omron Corporation, Panasonic Holdings Corporation, Preh GmbH, TokaiRika Co. Ltd, Valeo and ZF Friedrichshafen AG (Zeppelin-Stiftung). Key Questions Answered in This Report:

Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Automotive Switch Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Ignition Switches 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 HVAC Switches 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Steering Wheel Switches 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Window Switches 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Overhead Console Switches 6.5.1 Market Trends 6.5.2 Market Forecast 6.6 Seat Control Switches 6.6.1 Market Trends 6.6.2 Market Forecast 6.7 Door Switches 6.7.1 Market Trends 6.7.2 Market Forecast 6.8 Hazard Switches 6.8.1 Market Trends 6.8.2 Market Forecast 6.9 Multi-Purpose Switches 6.9.1 Market Trends 6.9.2 Market Forecast 6.10 Others 6.10.1 Market Trends 6.10.2 Market Forecast 7 Market Breakup by Design 7.1 Rocker Switches 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Rotary Switches 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Toggle Switches 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Push Switches 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Vehicle Type 8.1 Passenger Cars 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Light Commercial Vehicles 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Heavy Commercial Vehicles 8.3.1 Market Trends 8.3.2 Market Forecast 9 Market Breakup by Sales Channel 9.1 Original Equipment Manufacturers 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Aftermarket 9.2.1 Market Trends 9.2.2 Market Forecast 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 Alps Alpine Co. Ltd. 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.1.3 Financials 15.3.1.4 SWOT Analysis 15.3.2 C&K 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.3 Eaton Corporation PLC 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.3.3 Financials 15.3.4 HELLA GmbH & Co. KGaA (Faurecia SE) 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.4.3 Financials 15.3.5 INENSY 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 Johnson Electric Holdings Limited 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.6.3 Financials 15.3.6.4 SWOT Analysis 15.3.7 Marquardt Group 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.8 Omron Corporation 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.8.3 Financials 15.3.8.4 SWOT Analysis 15.3.9 Panasonic Holdings Corporation 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.9.3 Financials 15.3.9.4 SWOT Analysis 15.3.10 Preh GmbH 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.11 TokaiRika Co. Ltd 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.11.3 Financials 15.3.12 Valeo 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio 15.3.12.3 Financials 15.3.12.4 SWOT Analysis 15.3.13 ZF Friedrichshafen AG (Zeppelin-Stiftung) 15.3.13.1 Company Overview 15.3.13.2 Product Portfolio 15.3.13.3 SWOT Analysis

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