The Asia Pacific Automotive Switches Market would witness market growth of 7% CAGR during the forecast period (2021-2027). The growing penetration of electronic systems all over the world due to the comfort and convenience it offers to the drivers and passengers would help the market to expand more.
It further leads to the shifting preference of customers towards vehicles with advanced electronic features that are easy to control and are less complicated. For example, the conventional ignition switch in the vehicle could be operated by a key to start the vehicle but now it is replaced by the push button. In a similar way, several other conventional features of a vehicle are increasingly replaced by advance electronic systems, which will accelerate the growth of the automotive switches market worldwide during the forecast years.
With the increasing disposable income of people and growing urbanization & industrialization in the developing nations, the sales and production of vehicles are boosting. In addition, the increasing technological enhancements and infrastructure growth in emerging nations have also surged the demand for vehicles. The growth of the automotive switches market depends on the sales and production of vehicles. The aggregate disposable income of the population in developing nations has increased, due to their emerging economies and has resulted in the high living standards of people in emerging nations. This increase in sales has resulted in the growing demand for automotive switches. The vehicle parc volumes in the emerging nations have also surged in the last few years and are expected to maintain this trend. The main reason behind this growth is the rising average life of vehicles, and increasing vehicle production & sales in these countries. The high vehicle parc volume is one of the factors that open lucrative growth opportunity for automotive switches aftermarket.
The China market dominated the Asia Pacific Aftermarket Automotive Switches Market by Country 2020, thereby, achieving a market value of $1,491.8 million by 2027. The Japan market is exhibiting a CAGR of 7.9% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 9.2% during (2021 - 2027).
Based on Type, the market is segmented into HVAC Switches, Steering Wheel Switches, Ignition Switches, Multi-purpose Switches, Door & Window Switches, Seat Control Switches, Overhead Console Switches and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on Sales Channel, the market is segmented into Original Equipment Manufacturers and Aftermarket. Based on Design, the market is segmented into Push Switches, Rotary Switches, Toggle Switches, Rocker Switches and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Switches Market is Projected to reach USD 43.3 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Continental AG, Alps Alpine Co., Ltd., Panasonic Corporation, ZF Friedrichshafen AG, Valeo SA, Johnson Electric Holdings Limited, HELLA GmbH & Co. KGaA, C&K Components, Inc. (Sun European Partners, LLP), and Toyodenso Co., Ltd.
By Type
By Vehicle Type
By Sales Channel
By Design
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 