Market Overview:
The global automotive hazard switch market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The turn signal wiper hazard switch segment is expected to account for a major share of the global automotive hazard switch market during the forecast period. This can be attributed to its growing demand in passenger cars. The turn signal cruise wiper hazard switch segment is anticipated to grow at a higher CAGR than other segments during the forecast period. In terms of application, the passenger cars segment is expected to dominate the global automotive hazard switch market during 2018-2030. This can be ascribedto rising demand for luxury and premium cars across regions.
Product Definition:
An automotive hazard switch is a device used to warn other drivers of potential danger ahead. When the hazard switch is activated, it will cause all the vehicle's warning lights to come on, including the emergency flashers. This will let other drivers know that there is something wrong ahead and they should use caution.
Turn Signal Wiper Hazard Switch:
The turn signal wiper Hazard switch is a device installed in the vehicle that controls the high beam and low beam of headlights. It monitors both front and rear wipers to ensure they are operating normally. If there is any damage to the sensor or if it gets wet, then it may not work properly which can lead to accidents. The hazard switch ensures that both front & rear lights are working at full power as per requirement thus driving safety factor, thereby increasing its market demand over forecast period.
Turn Signal Cruise Wiper Hazard Switch:
The turn signal cruise wiper hazard switch is a type of safety device used in vehicles to prevent accidental activation of the hazards while changing lanes. It consists of two parts, namely the sensor and the control unit. The control unit has three positions, namely “on”, “middle” and “off” whereas; the sensor detects lane changes by measuring wheel speed or proximity to another vehicle.
Application Insights:
Passenger cars segment is expected to dominate the overall market in terms of revenue share by 2030. The segment accounted for over 60% of the overall revenue in 2017 and is projected to grow at a significant rate over the forecast period. Rising demand for passenger vehicles due to growing middle-class population, increasing disposable income and changing lifestyles coupled with stringent government regulations regarding road safety are anticipated to be major factors driving growth over next eight years.
The commercial vehicle segment is also estimated to witness considerable growth during the forecast period owing to rising demand from construction industry across various regions globally. In addition, stringent regulations on road safety by regional governments as well as national governments are further anticipated drive product demand in this application segment significantly during future period leading up until 2030.
However; light commercial vehicles such as mini trucks.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The region accounted for more than 35% of the overall revenue in 2017 and is anticipated to witness a CAGR of XX% during the forecast period. This growth can be attributed to stringent government regulations regarding road safety, increasing adoption of advanced technologies, and presence of key automotive manufacturers in this region. Moreover, rising demand for electric vehicles owing to their low emission & noise pollution will drive regional growth further.
Asia Pacific is projected to emerge as one of the fastest-growing regions during the same period owing to rapid urbanization & industrialization along with increasing disposable income levels among emerging economies such as China and India are driving vehicle production volumes in this region; thereby boosting product demand across various applications such as passenger cars and commercial vehicles segments globally over next eight years from 2018 till 2030 timely implementation offorward looking regulatory reforms by governments at both federal level (i.e.
Growth Factors:
- Increasing demand for automobiles
- Technological advancements in automotive hazard switches
- Growing awareness about the importance of automotive safety features
- Rising disposable income of consumers in developing countries
- Stringent government regulations on automotive safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Hazard Switch Market Research Report
By Type
Turn Signal Wiper Hazard Switch, Turn Signal Cruise Wiper Hazard Switch, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Miyamoto Electric Horn (Japan), Nippon Lock (Japan), Omron (Japan), Toyo Denso (Japan), Miyamoto Electric Horn (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Hazard Switch Market Report Segments:
The global Automotive Hazard Switch market is segmented on the basis of:
Types
Turn Signal Wiper Hazard Switch, Turn Signal Cruise Wiper Hazard Switch, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Miyamoto Electric Horn (Japan)
- Nippon Lock (Japan)
- Omron (Japan)
- Toyo Denso (Japan)
- Miyamoto Electric Horn (Japan)
Highlights of The Automotive Hazard Switch Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Turn Signal Wiper Hazard Switch
- Turn Signal Cruise Wiper Hazard Switch
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Hazard Switch Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive hazard switch is a device that can be used to disable the engine in a car if it detects an emergency situation.
Some of the key players operating in the automotive hazard switch market are Miyamoto Electric Horn (Japan), Nippon Lock (Japan), Omron (Japan), Toyo Denso (Japan), Miyamoto Electric Horn (Japan).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Hazard Switch Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Hazard Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Hazard Switch Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Hazard Switch Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Hazard Switch Market Size & Forecast, 2018-2028
4.5.1 Automotive Hazard Switch Market Size and Y-o-Y Growth
4.5.2 Automotive Hazard Switch Market Absolute $ Opportunity
Chapter 5 Global Automotive Hazard Switch Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Hazard Switch Market Size Forecast by Type
5.2.1 Turn Signal Wiper Hazard Switch
5.2.2 Turn Signal Cruise Wiper Hazard Switch
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Hazard Switch Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Hazard Switch Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Hazard Switch Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Hazard Switch Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Hazard Switch Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Hazard Switch Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Hazard Switch Market Size Forecast by Type
9.6.1 Turn Signal Wiper Hazard Switch
9.6.2 Turn Signal Cruise Wiper Hazard Switch
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Hazard Switch Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Hazard Switch Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Hazard Switch Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Hazard Switch Market Size Forecast by Type
10.6.1 Turn Signal Wiper Hazard Switch
10.6.2 Turn Signal Cruise Wiper Hazard Switch
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Hazard Switch Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Hazard Switch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Hazard Switch Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Hazard Switch Market Size Forecast by Type
11.6.1 Turn Signal Wiper Hazard Switch
11.6.2 Turn Signal Cruise Wiper Hazard Switch
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Hazard Switch Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Hazard Switch Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Hazard Switch Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Hazard Switch Market Size Forecast by Type
12.6.1 Turn Signal Wiper Hazard Switch
12.6.2 Turn Signal Cruise Wiper Hazard Switch
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Hazard Switch Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Hazard Switch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Hazard Switch Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Hazard Switch Market Size Forecast by Type
13.6.1 Turn Signal Wiper Hazard Switch
13.6.2 Turn Signal Cruise Wiper Hazard Switch
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Hazard Switch Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Hazard Switch Market: Competitive Dashboard
14.2 Global Automotive Hazard Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Miyamoto Electric Horn (Japan)
14.3.2 Nippon Lock (Japan)
14.3.3 Omron (Japan)
14.3.4 Toyo Denso (Japan)
14.3.5 Miyamoto Electric Horn (Japan)
