The global market for automotive micro switches is anticipated to expand at a CAGR of 5.1% during the forecast period from 2017 to 2025. Market is expected to reach US$4,282.2 mn by 2025.
Albany, NY -- (SBWIRE) -- 10/05/2017 -- Micro switches are a category of electric switches which are triggered by the use of a tipping-point with very little force. The primary advantage of these switches is due to their durability and low cost. To study about the market for micro switches on the global scale, a fresh report has been included in the wide repository of Market Research Reports Search Engine (MRRSE). This research study titled "Global Automotive Micro Switch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025", offers all the major trends and technologies playing a key role in the global automotive micro switch market motivating its growth over the forecast period (2017 – 2025).
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Micro switches are very common because of their durability, and hence the automotive industry is found to be the largest adopter of these switches. These are used in engine area interiors, door interlocks, operation systems, electronic steering column lock, electronic parking brakes and seat detection. The research report starts with the market definition and scope along with details about the key research objectives. This section also talks about the market dynamics (drivers, restraints, opportunity, and key trends) as well as market forecast comprising market revenue projections and market volume projections.
The following section of the report discusses the market segmentation based on type, end-user, and region. Standard micro switches, general purpose micro switches, single pole standard precision micro switches and other varieties fall under the product category for micro switches and are studied in this report. Further, the report segments the global micro switch market on the basis of end-user that includes consumer electronics, automotive, industrial, retail and others. The regional spread for the micro switch is studied across North America, Europe, Asia Pacific, Middle East & Africa and South America. Each of these segment factors is evaluated in terms of comparison matrix and market attractiveness.
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As the report concludes, the competitive landscape of the automotive micro switch market, hence positioning all the major players as per their geographic presence and recent key developments. Some of the key players active in the automotive micro switches market include CAMSCO Electric Co. Ltd., Crouzet Automatismes SAS, Alps Electric, C&K Components Inc., Honeywell Sensing and Productivity Solutions, Johnson Electric Holdings Ltd., Microprecision Electronics and The APEM Group. Important details such as financials, SWOT analysis, recent developments, business strategies etc., are carefully underlined in this section.
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