Global Automotive Combination Switch Market 2017-2021
About Automotive Combination Switch
An automotive switch is an electromechanical device used to open or close an electrical circuit. Automotive switches have a wide variety of applications in a vehicle, including HVAC system, infotainment system, and electronic component systems. Automotive switches help the driver to control many variables, such as windows, infotainment, direction indicators, and headlights, without getting distracted from driving. The growth of the global automotive switch market is directly proportional to the sales of passenger cars and commercial vehicles. With the advancements in technology and the increasing adoption of integrated central panel and steering wheel, there is an increase in the automotive switch market.
Technavio’s analysts forecast the global automotive combination switch market to grow at a CAGR of 2.1% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive combination switch market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive combination switch.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Combination Switch Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive combination switch market: Delphi, HELLA, Valeo, Bosch, and Toyodenso
Other Prominent Vendors in the market are: Wells Vehicle Electronics, JPM Group, Leopold Kostal, and TOKAIRIKA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased use of illuminated automotive switch. Illuminated switches are provided to indicate that a specific function is actuated, making it easy for the user to identify and locate the switch during low light. Illumination is provided in a wide variety of switches, such as push-button switches, rocker switches, rotary switches, and toggle switches.”
According to the report, one of the major drivers for this market is Central and user-friendly operational hub for controlling multiple functions. A good body coordination and mental concentration are required while driving. Drivers handle not only the steering wheel but also the shifter and the pedals. Apart from these, drivers also need to operate wipers, washer, and headlights. Combination switches are made with the intension of controlling all operations with a single source.
Further, the report states that one of the major factors hindering the growth of this market is Poor quality of raw material, resulting in malfunction and short lifespan of switch. The rate of failure of combination switch is very low. However, rough handling, trying to rotate more than its capability, and loose wire connection may damage or cause a malfunction in combination switch, which results in huge loss to manufacturers and customers. Many well-known OEMs have faced this failure issue.
Delphi, HELLA, Valeo, Bosch, Toyodenso, Wells Vehicle Electronics, JPM Group, Leopold Kostal, and TOKAIRIKA.
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