Automotive Switch Market To Reach USD 9.5 billion by 2025

1
Automotive Switch Market Is Pegged To Cross The
USD 9.5 Billion Mark By 2025 Global Market
Insights, Inc.
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2

• Automotive Switch Market Scenario

• As per a comprehensive report published by Global
  Market Insights, Inc., worldwide automotive
  switch market is pegged to cross the USD 9.5
  billion mark by 2025.
• Automotive switches are critical for the
  management of various vehicular functions.
  Multifunction switches, in particular, are
  capable of managing a number of functions, which
  has raised its demand considerably among OEMs
  endeavoring to manufacture multiple function
  vehicle systems.
• Augmenting sales of electric vehicles support a
  strong case of increase in automotive switch
  market demand as vehicle electrification
  invariably require switches. In this regard,
  China stores huge potential for market expansion.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-

• In addition, government initiatives towards
  encouraging adoption of electric vehicles in the
  form of tax incentives and subsidy schemes is
  likely to further boost the sale of electric
  vehicles, which, in turn, would fuel automotive
  switch market trends. The Ministry of Heavy
  Industries in India allocated a fund of USD 67
  million in December 2018 towards public transport
  electrification across 11 cities in the country,
  which appropriately validates the aforementioned
  fact.
• Escalating demand for ADAS systems and car safety
  components is also influencing automotive switch
  market growth. OEMs are focusing on strengthening
  driver safety quotient, prompted by the need to
  comply with strict norms. Ratification of
  stringent emission regulations by the European
  Union is a key impetus behind the growth of the
  regional automotive switch market.

Get sample copy of this research report
_at_https//www.gminsights.com/request-sample/detail
/834
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4

• Regional Analysis

• Automotive switches find application in PCV, LCV,
  and HCV vehicles, however, their use is
  predominant in PCVs owing to their low cost.
  Increasing demand for passenger vehicles,
  especially in the emerging economies of Asia
  Pacific has fueled automotive switch market demand

• Competitive Analysis

• The automotive switch industry is marked by the
  presence of some eminent players including
  Panasonic Corporation, Robert Bosch GmbH,
  Standard Motor Products, Toyodenso, Valeo, Preh
  GmBH, Continental AG, Hella KGaA Hueck Co.,
  Delphi Technologies, Tokai Rika Co. Ltd., and
  others.

Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
834
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
Latest Research Report on Automotive Switch
Market _at_ https//www.gminsights.com/industry-anal
ysis/automotive-switch-market Get sample copy
of this research report _at_https//www.gminsights.c
om/request-sample/detail/834. Request for
customization https//www.gminsights.com/roc/834
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com