Quick Summary:
In the rapidly evolving automotive industry, understanding the latest market trends and future growth possibilities is paramount for business success. Our comprehensive Global Automotive Switches Market report could become your crucial strategic tool in staying ahead of the game. With an estimated reach of US$9.2 billion by 2030, the industry promises significant growth, with key regions such as the U.S and China leading the way.
In addition to detailed market size forecasts, this report offers in-depth insights into button and knob switches segments respective growth rates and competitor activity. The carefully curated analysis of key players in the field, such as ALPS Electric Co., Continental AG, and Panasonic Corporation, among others, sheds light on developing trends. Additional features such as special coverage on emerging topics, global competitiveness data, and market presence across geographies places this report as must-have intelligence for automotive industry business leaders.
Global Automotive Switches Market to Reach $9.2 Billion by 2030
The global market for Automotive Switches estimated at US$6.6 Billion in the year 2022, is projected to reach a revised size of US$9.2 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. Button, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$3.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Knob segment is readjusted to a revised 4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 6.5% CAGR
The Automotive Switches market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.Select Competitors (Total 44 Featured) -
- ALPS Electric Co., Ltd.
- Continental AG
- HELLA GmbH & Co. KGaA
- Minda Group
- Omron Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Tokai Rika Co., Ltd.
- ZF Friedrichshafen AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Automotive Switches?
What is the growth rate of the Global Market for Automotive Switches?
What is the forecasted size of the Global Market for Automotive Switches?
Who are the key companies in the Global Market for Automotive Switches?
| Report Attribute | Details |
|---|---|
| No. of Pages | 243 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 6.6 Billion |
| Forecasted Market Value ( USD | $ 9.2 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ALPS Electric Co., Ltd.
- Continental AG
- HELLA GmbH & Co. KGaA
- Minda Group
- Omron Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Tokai Rika Co., Ltd.
- ZF Friedrichshafen AG
