The newly released research at Market Study Report titled “2017-2024 Global Automotive Switch Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Selbyville, DE -- (SBWIRE) -- 10/23/2018 -- The 2017-2024 report on global Automotive Switch market explores the essential factors of Automotive Switch industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Europe automotive switch market share will benefit from the adoption of advanced electronics by OEMs. China ranked as the largest passenger car manufacturer having produced more than 24 million cars in 2016, accounting for about 34% of global passenger vehicle production. Significant domestic automobile sales and growing consumer demand will also drive the China automotive switch market size.
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Automotive Switch Market size is set to surpass USD 40 billion, while the shipments will reach about 850 million units by 2024, according to a new research report.
Growing product adoption in vehicle operating systems will drive the global automotive switch market growth. Automobile electrification complexity has increased with the implementation of new technologies. For instance, panel mount and capacitive inputs have been introduced to enhance the user experience while driving.
Increasing automobile production globally has driven the automotive switch market size since the last few years. The global motor vehicle production witnessed about 22% increase from 2010 to 2016. Considerable developments in the autonomous car space, which eliminate the need for human intervention, will be a major growth driver for the automotive switch market due to elevated safety concerns and features in these vehicles.
Button switch market demand is on the rise across commercial and passenger vehicles, since the adoption corresponds to electronic system incorporation. Companies have focused on the touch pad implementation to cater to changing consumer preferences and broaden global presence. Quick reach and tactile feedback properties without distracting have fueled the automotive switch market demand for button-based modality.
Engine management applications of the automotive switch market are expected to grow at over 4% CAGR from 2017 to 2024. Electric, autonomous and hybrid vehicles will have higher demand owing to improve the vehicle efficiency and control the electronics inside the vehicles.
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Table of Content:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definition and forecast assumptions
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Automotive switch industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Automotive Switch Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Production Statistics (2013 - 2024)
22.214.171.124. Commercial vehicles
126.96.36.199. Passenger vehicles
188.8.131.52. Commercial vehicles
184.108.40.206. Passenger vehicles
220.127.116.11. Commercial vehicles
18.104.22.168. Passenger vehicles
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