Market Overview:
The global automotive multifunction switches 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% during the forecast period. The growth of the market can be attributed to the increasing demand for passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe. Additionally, rising awareness about safety features in automobiles is also propelling the growth of this market. On the basis of type, OEM segment accounted for a major share of the global automotive multifunction switches market in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to increasing demand for original equipment from automakers across different regions.
Product Definition:
An automotive multifunction switch is a component in an automobile that performs multiple functions. These switches may control things like the car's headlights, windshield wipers, and horn. They are often found on the dashboard or steering wheel of a car. Multifunction switches are important because they allow drivers to control various features of their car without having to reach over to different parts of the dashboard or steering wheel. This can be helpful when driving in difficult conditions like rain or snow.
OEM:
OEM stands for original equipment manufacturer. It is a company that makes electronic products and sells them to other companies without going through any third-party distribution channel. The term is generally used in reference to the electronics industry, but it also finds its use in other industries such as automotive and healthcare among others.
Aftermarket:
Aftermarket is the secondary market for commercial and consumer goods. The automotive aftermarket consists of replacement parts, accessories, and equipment. It also includes repair services for vehicles that have suffered a breakdown or an accident.
Application Insights:
The passenger cars segment accounted for the largest revenue share of over 40% in 2017. The demand for multifunction switches in this application is expected to be driven by increasing demand for advanced safety features and comfort systems, such as airbags, power windows and door locks, among others. Furthermore, growing preference towards four-wheel drive vehicles is anticipated to augment the growth of this segment over the forecast period.
The light commercial vehicle (LCV) segment accounted for a significant revenue share owing to rising adoption of LCVs across developing countries such as India and China on account of their low cost structure coupled with high fuel efficiency. In addition, growing penetration of LCVs in developed countries including Germany and France is likely to propel market growth over the forecast period. Increasing use cases involving fleet operations are further anticipated to contribute significantly towards industry growth during future years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing sales of passenger cars and light commercial vehicles in China, India, and Japan. Asia Pacific accounted for a share of more than 60% of global automotive M2F market in 2017 owing to high demand from OEMs as well as aftermarket customers.
The European region accounted for a significant share in terms of revenue due to large presence of luxury car manufacturers such as AUDI AG, BMW AG, Mercedes-Benz AMB BVAG Daimler AG., Porsche 911 etc. In addition they have been witnessing increased demand for safety systems such as advanced driver assistant systems (ADAS) and automatic emergency braking (AEB) which further drives product adoption across this region.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Rising disposable income of consumers
- Technological advancements in automotive switches
- Growing popularity of electric and hybrid vehicles
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Multifunction Switches Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
By Companies
TOKAI RIKA, Toyodenso, Leopold Kostal, Merit Automotive Electronics Systems, UNO Minda, Wells Vehicle Electronics, Danlaw Technologies India, COBO, Valeo, Fiat Chrysler Automobiles, TOKAI RIKA, Nexteer Automotive
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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Multifunction Switches Market Report Segments:
The global Automotive Multifunction Switches market is segmented on the basis of:
Types
OEM, Aftermarket
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, Light Commercial Vehicles, Heavy 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:
- TOKAI RIKA
- Toyodenso
- Leopold Kostal
- Merit Automotive Electronics Systems
- UNO Minda
- Wells Vehicle Electronics
- Danlaw Technologies India
- COBO
- Valeo
- Fiat Chrysler Automobiles
- TOKAI RIKA
- Nexteer Automotive
Highlights of The Automotive Multifunction Switches 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:
- OEM
- Aftermarket
- By Application:
- Passenger Cars
- Light Commercial Vehicles
- Heavy 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 Multifunction Switches 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?
Automotive multifunction switches are devices that allow drivers to control various functions of their vehicles from a single location. These switches can include features like climate control, audio and navigation systems, and more. They are often located on the center console or in the door panels of cars, making them easy to access.
Some of the major players in the automotive multifunction switches market are TOKAI RIKA, Toyodenso, Leopold Kostal, Merit Automotive Electronics Systems, UNO Minda, Wells Vehicle Electronics, Danlaw Technologies India, COBO, Valeo, Fiat Chrysler Automobiles, TOKAI RIKA, Nexteer Automotive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Multifunction Switches 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 Multifunction Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Multifunction Switches 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 Multifunction Switches 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 Multifunction Switches Market Size & Forecast, 2018-2028
4.5.1 Automotive Multifunction Switches Market Size and Y-o-Y Growth
4.5.2 Automotive Multifunction Switches Market Absolute $ Opportunity
Chapter 5 Global Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicles
6.2.3 Heavy Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Multifunction Switches 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 Multifunction Switches 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 Multifunction Switches Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
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 Multifunction Switches Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Light Commercial Vehicles
9.10.3 Heavy 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 Multifunction Switches Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
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 Multifunction Switches Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Light Commercial Vehicles
10.10.3 Heavy 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 Multifunction Switches Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
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 Multifunction Switches Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Light Commercial Vehicles
11.10.3 Heavy 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 Multifunction Switches Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
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 Multifunction Switches Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Light Commercial Vehicles
12.10.3 Heavy 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 Multifunction Switches Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Multifunction Switches 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 Multifunction Switches Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
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 Multifunction Switches Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Light Commercial Vehicles
13.10.3 Heavy 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 Multifunction Switches Market: Competitive Dashboard
14.2 Global Automotive Multifunction Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TOKAI RIKA
14.3.2 Toyodenso
14.3.3 Leopold Kostal
14.3.4 Merit Automotive Electronics Systems
14.3.5 UNO Minda
14.3.6 Wells Vehicle Electronics
14.3.7 Danlaw Technologies India
14.3.8 COBO
14.3.9 Valeo
14.3.10 Fiat Chrysler Automobiles
14.3.11 TOKAI RIKA
14.3.12 Nexteer Automotive
