LAMEA Automotive Switches Market By Type (HVAC Switches, Steering Wheel Switches, Ignition Switches, Multi-purpose Switches, Door & Window Switches, Seat Control Switches, Overhead Console Switches and Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Sales Channel (Original Equipment Manufacturers and Aftermarket), By Design (Push Switches, Rotary Switches, Toggle Switches, Rocker Switches and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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The Latin America, Middle East and Africa Automotive Switches Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027). Owing to technological advancements and rising consumption expenditure, the automotive switches are witnessing massive demand around the world. Automotive switches are mainly divided into two categories, water-resistant switches and non-water-resistant switches. The water-resistant automotive switches are becoming more popular because of the open nature of two-wheeler vehicles that consistently face extreme atmospheric conditions.
The quality of these automotive switches depends on the factors like reliability, the durability of the switches, and easy operation. Automotive switches can be automatic as well as manual. Manual switches need customer intervention and are utilized in different types of the automotive like light commercial vehicles (LCV), passenger cars, and heavy commercial vehicles (HCV). However, automatic switches do not need any kind of customer intervention and work automatically as per the response given by the engine sensors. In addition, automatic switches are utilized in premium passenger cars and various other high-end automobiles.
The automotive switches market is anticipated to witness a slow demand due to the increasing investment in the connected & electric cars. The technologies relied on driver assistance are flourishing in the automotive industry like automatic voice command and emergency braking that have huge demand in the market. Moreover, the savvy customers are highly demanding the digital touchpad infotainment system. The shifting preference for digitalization & touch-based displays has motivated automotive technology manufacturers to develop digital-driven business models.
The Brazil market dominated the LAMEA Rocker Switches Automotive Switches Market by Country 2020, thereby, achieving a market value of $136.7 million by 2027. The Argentina market would witness a CAGR of 11% during (2021 - 2027). Additionally, The UAE market is showcasing a CAGR of 10.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
- HVAC Switches
- Steering Wheel Switches
- Ignition Switches
- Multi-purpose Switches
- Door & Window Switches
- Seat Control Switches
- Overhead Console Switches
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- Original Equipment Manufacturers
- Push Switches
- Rotary Switches
- Toggle Switches
- Rocker Switches
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Toyodenso Co., Ltd.
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