Automotive Switches Market worth USD 49.0 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Automotive Switches Market by Switch Type (Rocker Switches, Rotary Switches, Toggle Switches, Push Switches, and Other Switches), by Application (Ignition Switches, HVAC Switches, Steering Wheel Switches, Window Switches, Overhead Console Switches, Seat Control Switches, Door Switches, Hazard Switches, Multi-purpose Switches, and Others), by Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Cars), by Sales Channel (Original Equipment Manufacturers and Aftermarket), by Region – Global Share and Forecast to 2030".

The global automotive switches market size is estimated to reach USD 49.0 billion by 2030 from USD 27.3 billion in 2021, registering a CAGR of 7.6% from 2022 to 2030. Factors such as the growing demand for automotive switches in commercial vehicles and the rising demand for automatic automotive switches are expected to drive the automotive switches market growth over the forecast period. The use of haptics and voice control technologies and fluctuating price of raw materials used in making automotive switches are the factors that are expected to restrain the growth of the automotive switches market during the forecast period. The growing implementation of electronic systems in vehicles and rising innovations in automotive switches are expected to supplement the global automotive switches market, thereby providing better opportunities for the market's growth during the forecast timeframe.

Global Automotive Switches Market Segmentation

The automotive switches market has been segmented into the switch type, application, vehicle type, sales channel, and region.

• By Switch Type (Rocker Switches, Rotary Switches, Toggle Switches, Push Switches, and Other Switches)
• By Application (Ignition Switches, HVAC Switches, Steering Wheel Switches, Window Switches, Overhead Console Switches, Seat Control Switches, Door Switches, Hazard Switches, Multi-purpose Switches, and Others)
• By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Cars)
• By Sales Channel (Aftermarket and Original Equipment Manufacturers)
• By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)

HVAC switches, by application, is estimated to hold the largest market share during the forecast period

Based on application, the global automotive switches market is segregated into ignition switches, HVAC switches, steering wheel switches, window switches, overhead console switches, seat control switches, door switches, hazard switches, multi-purpose switches, and others. The HVAC switches segment generated the highest revenue of 30.4% of the total global automotive switches market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. HVAC switches control and operate the air conditioning system of a vehicle. Heating, ventilation, and air conditioning (HVAC) is a technology that is used to manage automotive ambient comfort. HVAC switches help manage a pleasant temperature inside an automobile's cabin by directing the degree of hotness/coolness according to the outside weather. Luxury automobiles involve various motorized flaps and blowers that are distributed across the cabin.

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Asia Pacific accounts for the largest market share in automotive switches market 2021

Based on the regions, the global automotive switches market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 59.6% in the global automotive switches market and was anticipated to maintain its dominance throughout the forecast period. The Asia-Pacific region includes China, Japan, India, South Korea, ASEAN, and the rest of Asia-Pacific nations. The automotive switches market growth is attributed to the rise in production and sales of automotive in the region. An increase in vehicle sales and production in the Asia-Pacific region further escalates the growth of the automotive switches market.

Moreover, An increase in technological advancements in the Europe region, rise in the shared mobility sector, and government rules for the integration of safety systems in automobiles across Europe are anticipated to boost the market of the automotive switch in the region over the forecast timeframe.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the automotive switches market. It also consists of the profiles of leading companies such as C&K Switches, Tokai Rika Co Ltd., Toyodenso Co., Ltd., Johnson Electric Holdings Limited, Eaton Corporation PLC, Marquardt GmbH, Preh GmbH, Valeo, INENSY, Leopold Kostal GmbH & Co. Kg, and ZF Friedrichshafen AG.

Browse complete report: https://www.marketstatsville.com/automotive-switches-market

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