Transparency
Market Research (TMR), A Market Intelligence And Research Firm,
Has Published A Research Study On "Automotive
Switches Market". Automotive switches are one of
the primary components in an automotive. Switches control the overall
electrical equipments fitted in an automotive. Automotive switches
are vital in controlling the automotive lighting and overall
functioning of an automotive. Switches are also used in engine start
and stop function and in different vehicle operations. Different
categories of switches are used for various functioning of
automotives which includes toggle switches, push and pull switches,
keyed switches and marine grade switches among others. The demand of
automotive switches are rising globally due to technological
upgradation and increasing consumption expenditure. There are two
types of automotive switches which includes water resistant switches
and non-water resistant switches. Water resistant automotive switches
are gaining importance especially in the two wheeler segment due to
open nature of two wheeler vehicles which remain exposed to extreme
atmospheric conditions. Durability of the switches, reliability and
easy operation are the key factors on which the quality of the
switches depends. Switches can be both manual and automatic. Manual
switches required user interference and is used in various kinds of
automotives such as passenger cars, light commercial vehicles (LCV)
and heavy commercial vehicles (HCV). Automatic switches do not
require user intervention and operates automatically according to the
response send by the engine sensors. Automatic switches are used in
premium segment passenger cars and other high end automotives.
Asia-Pacific is the
most attractive region for Automotive Switches Market. There is a
significant increase in demand for automotives in the Asia-pacific
region which is driving the market for automotive switches. The
adoption of latest technology is another driver, driving the
automotive switches market in this region. The escalating demand in
LCV and HCV vehicles is also driving the growth of automotive
switches market due to low cost of production. Presence of developing
countries like India and China are also boosting the demand for
automotive switches as there is a huge demand for automotives in
these countries. The North America and Europe market for automotive
switches is expected to grow at a steady pace over the forecast
period. The North America automotive switches are expected to grow at
a higher rate during the forecast period as compared to the Europe
market. The reason for this is the recent economic meltdown which
significantly affected the economic stability of Europe market. North
America automotive market is driven by comfort and luxury. There is a
huge demand for luxury automotives which drives the market for
automotive switches in North America. Automatic switches are more in
demand than manual switches in the North America market. Easy
availability of credit facilities to prospective automotive buyers
also acts as a driver which drives the automotive switches market in
this region. Presence of premium automotive manufacturers such as
Mercedes, Audi, Volkswagen and BMW is driving the automotive switches
market in Europe. Europe market faced steep challenge in the recent
economic meltdown and is recovering at a steady pace which has also
increased the demand for automotive switches significantly.
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PDF file of Automotive Switches Market :
Global Key
Participants in the industry
include Ark-Les Connectors, D&R Technology, LLC, Diamond Electric
Manufacturing Corporation, E-Switch, Inc, Honeywell, Inc, TRW
Automotive U.S. LLC and Micro Technologies.
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