An automotive switch is an important component of any vehicle’s electronic system as it is used for a wide range of functions in an automobile. Automotive switches are one of the basic components of a vehicle. They control the overall electrical equipment installed in an automobile. They are commonly installed in all vehicle types, owing to their superior functionalities. They are quite convenient to operate and are highly responsive. They are used for operating different entities in a typical automobile, for instance, they operate HVAC systems, power windows, power seats, and others. There are various types of automotive switches fitted in a vehicle, for example, push switches, toggle switches, rotary switches, rocker switches, and other switches. Each switch is different in function, appearance, and use.  

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On the basis of design, the market is segregated into rocker switches, rotary switches, toggle switches, push switches, and other switches. The push switches segment dominated the market in 2019, owing to immense popularity gained by pushbuttons in recent years as a start-stop button in automotive. However, rotary switches are becoming immensely popular as they offer superior throw and pole abilities, making them perfect for automatic climate control, entertainment systems, radio frequency selection, and other applications.

The growing demand for automotive switches in commercial vehicles and rising demand for automatic automotive switches are expected to drive the automotive switches market growth over the forecast period. However, rising use of haptics and the fluctuating price of raw materials used in making automotive switches are anticipated to hamper the growth of the market during the forecast period. Moreover, growing implementation of electronic systems in vehicles and innovations in automotive switches are expected to offer lucrative opportunities for the market in future.

On the basis of sales channel, the market is bifurcated into original equipment manufacturers and aftermarket. The original equipment manufacturers segment dominated the market in 2019 as they specifically design switches for automobile companies such as Honda Motor Co., Toyota Motor Corporation, Ltd, Hyundai Motor, and other big players. However, the aftermarket segment is expected to witness faster growth over the forecast period as aftermarket automotive switch companies manufacture automotive switches for a wide range of applications for numerous vehicle models. 

Key Findings Of The Study

• By type, the HVAC switches segment is expected to register a significant growth during the forecast period.
• By design, the push switches segment is anticipated to exhibit significant growth in the near future.
• By vehicle type, the heavy commercial vehicles segment is anticipated to exhibit significant growth in the near future.
• By sales channel, the aftermarket segment is expected to register a significant growth during the forecast period.
• By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global automotive switches market include C&K Switches, Eaton Corporation PLC, INENSY, Johnson Electric Holdings Limited, Leopold Kostal GmbH & Co. Kg, Marquardt GmbH, Preh GmbH, Tokai Rika Co Ltd., Toyodenso Co., Ltd., Valeo, and ZF Friedrichshafen AG.