Automotive Switches Market: Trends and Developments

Automotive Switch Market

The Automotive Switch Market is projected to grow to USD 7.5 billion by 2026 from USD 6.2 billion in 2021, at a CAGR of 3.8% during the forecast period.

The demand for automotive switches is primarily driven by the increasing adoption of electronics in vehicles produced globally. Also, the growing trend of light-weighting vehicle parts is expected to drive the automotive switches market.

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).

The growing sales of vehicle models such as BMW, Volkswagen etc. is driving automakers to install the advanced electronic system for better functioning. Also, continuous developments in electronic components for high operational accuracy and working is driving adoption. The growing penetration of power windows, and HVAC in LCVs and HCVs is also boosting automotive switches. The main reason driving this is government regulations for cabin safety and comfort.

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The button switch type is expected to have a significant demand in the considered vehicle types. The key applications of this switch type include HVAC systems, electronics, and power windows. Due to the increasing penetration of touchpad switches in the passenger car segment, the market for these switches is projected to grow significantly during the forecast period.

The growth of the PC automotive switches market can be majorly attributed to the increasing demand for premium cars with advanced systems, equipped with a higher number of switches than those in economy cars. The PC segment is estimated to account for the largest market share in 2021. Also, the growing adoption of rear conditioning, power windows, multi-purposes for enhanced safety and comfort is expected to drive the automotive switches market.

Asia-Oceania has been the major hub for the global automotive original equipment manufacturers (OEMs) for setting up manufacturing facilities. Automobile giants such as Volkswagen, Fiat Chrysler Automobiles, General Motors, and Ford Motor Company, have already set up manufacturing plants in different parts of this region. Along with these OEMs, there are Tier-I and Tier-II suppliers that have started manufacturing switches in this region. Various automotive switches manufacturers such as Panasonic Corporation (Japan), Alps Electric Co., Ltd. (Japan), Omron Corporation (Japan), and Tokai Rika Co. Ltd. (Japan) are based in the Asia-Oceania region and many more companies are planning to expand their manufacturing facilities in this region. Increasing vehicle production plays a crucial role in the growth of the automotive switches market in this region.

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Recent Developments:

  1. In October 2019, Bosch expanded its subsidiary in Holzkirchen and will be finished by summer 2021.
  2. In July 2018, Continental celebrated the groundbreaking ceremony for its first plant in Kaunas, Lithuania. From the second half of 2019, electronic components for the European market started manufacturing in the new electronics plant and invested EUR 95 million.
  3. In November 2019, ZF Friedrichshafen AG established a third Chinese R&D centre in Guangzhou, southern China. Representatives of ZF and the local authorities signed an agreement, and ZF plans to invest approximately EUR 90 million in the new development centre. The development centre in Guangzhou will have core competencies in engineering and R&D and will cover aspects such as software development and related technologies for the mobility of the future.
  4. In July 2019, Alps Alpine Co., Ltd. developed an SPVQ8 Series detector switch for use in detecting the opening and closing of side doors, hoods, and other vehicle doors as well as connection detection, e.g., for seatbelt buckles. This SPVQ8 Series detector switch has an optimized terminal shape – a short fork terminal – achieved using high-precision die manufacturing and stamping technology. This has reduced the overall thickness of the product by 25%, thereby contributing to thinner, lighter customer equipment. It is a solderless design – a popular feature of existing models allowing one-touch board mounting. The use of a double-sided sliding contact ensures stable contact even in shock and vibration environments.