Global Automotive Combination Switch Market 2017-2021

Overview of the global automotive combination switch market

The rapid electrification in cars is one of the major factors that will drive the growth of the automotive combination switch market till 2021. With the emergence of hybrid vehicles, the demand for automotive switches that have additional operations such as power window button and controlling headlights and wipers is also considerably increasing. This will increase the demand for combination switches since it increases the comfort of the driver. Moreover, the rising demand for more electronic integrated applications from the customers, owing to the increase in disposable incomes also fuels the preference for these switches. Technavio’s market research analysts have estimates that this automotive switch market will register a revenue of more than USD 12 billion by 2021.

The usage of illuminated switches makes it easy to locate the switch during low light. Moreover, they also enhance the look and style of the switches and are available in a wide variety of colors. According to our industry research analysts, the increased utilization of illuminated automotive switches is one of the major trends that will gain traction in the automotive combination switch market during the next few years.

Competitive landscape and key vendors

The automotive combination switch market appears to be fragmented with the presence a number of global and local manufacturers. The well-established players pose a stiff competition to the regional or local players especially in terms of price and quality. The level of competition among the players in this automotive switch market will intensify in the coming years due to the increase in the utilization of combination switches.

The leading vendors in the market are -

• Delphi
• HELLA
• Valeo
• Bosch
• Toyodenso

The other prominent vendors in the market are Wells Vehicle Electronics, JPM Group, Leopold Kostal, and TOKAIRIKA.

Segmentation by vehicle type and analysis of the automotive combination switch market

• Passenger car
• Commercial vehicle

During 2016, the passenger car segment accounted for the major shares of the automotive combination switch market. The growing demand for luxury cars is one of the major factors fueling the growth of the market in this segment during the next few years.

Geographical segmentation and analysis of the automotive combination switch market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive combination switch market throughout the forecast period. The economic growth of the developing countries such as China and India that is driving the growth of the automotive industry will be a major factor driving the market’s growth prospects in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive combination switch market?
• What are the key market trends impacting the growth of the global automotive combination switch market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive combination switch market?
• What are the market opportunities and threats faced by the vendors in the global automotive combination switch market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive combination switch market? 

Technavio also offers customization on reports based on specific client requirement.

A combination switch is usually mounted on the left side of a steering column which controls several vehicle functions such as turning headlights on or off, actuate the headlights high beam function, and control the turn light signal. The upcoming report on global automotive combination switch market is an essential component in the automotive industry. Our market research report for the automotive electronics sector comprises of an in-depth analysis of wide range of market intelligence parameters such as market size, emerging trends, growth drivers, technological advancements, and key insights.

Research analysts at Technavio implement an extensive primary and secondary research methods and in-depth study of dynamic market variables of the automotive electronics sector. The upcoming market research report on the automotive combination switch market also offers insights into the key market drivers, market share, and competitive factors that will influence the growth of the key vendors in this market space.

This upcoming market research report on the global automotive combination switch market also covers vendors affecting the market landscape as Toyodenso, LS Automotive, Hella, ALPS ELECTRIC, Leopold Kostal GmbH, Delphi, Wells Vehicle Electronics, CARiD, JPM Group, Sonuauto, TOKAIRIKA, and Valeo. This upcoming market research report on the global automotive combination switch market also analyzes the market potential for each geographic segment such as the Americas, EMEA, and APAC. Our analysts predict that the market might grow due to increasing number of vehicle production over the years, and consumers from developing nations switching from two-wheelers to cars.

The upcoming research report on the global automotive combination switch market also includes market intelligence parameters such as technological advancements, consumer expectations, growth potential, seasonal trends and opportunities and challenges faced by the industry. Also, it identifies key innovation in this market in alignment to automotive services, wheels and tires, and auto accessories.

Our market research methodology for the global automotive combination switch market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.