How big is the Automotive Switch Market?

The Automotive Switch Market size is expected to reach USD 7.43 billion in 2024 and grow at a CAGR of 5% to reach USD 9.48 billion by 2029. Read More

What is the current Automotive Switch Market size?

In 2024, the Automotive Switch Market size is expected to reach USD 7.43 billion. Read More

Who are the key players in Automotive Switch Market?

Alps Alpine Co. Ltd, Toyodenso Co.,Ltd., Valeo SA, TOKAIRIKA,CO, LTD. and Leopold Kostal GmbH & Co. KG are the major companies operating in the Automotive Switch Market. Read More

Which is the fastest growing region in Automotive Switch Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Switch Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Switch Market. Read More

What years does this Automotive Switch Market cover, and what was the market size in 2023?

In 2023, the Automotive Switch Market size was estimated at USD 7.06 billion. The report covers the Automotive Switch Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Switch Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Switch Market Share

Statistics for the 2023 & 2024 Automotive Switch market share, created by Mordor Intelligence™ Industry Reports. Automotive Switch share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Switch Industry

The automotive switch market is dominated by several key players such as Tokai Rika Co. Ltd, Autoliv Inc., Continental AG, Alps Electric Co., Panasonic Corporation, Hella KGaA Hueck & Co., Johnson Electric Holdings Limited, and Valeo. The rapid expansion of automotive component manufacturers across the world is likely to create an opportunity for the market in the coming years. For instance,

In February 2024, Duck Il Industry Co. Ltd announced its plan to invest USD 34 million by 2026 to construct an electrical component factory in Gyeongju, Gyeongsangbuk-do. The new facility will manufacture seat power module switches and other components.
In February 2024, Ashok Leyland invested USD 80 million in Optare PLC/Switch as prospects of e-LCVs and buses strengthened in India.
In May 2022, Marvell introduced its third-generation Marvell Brightlane Ethernet Switch, the most advanced secure managed switch in the automotive industry. The switch features dual-core arm processing redundancy with lockstep to ensure high reliability for mission-critical applications that support vehicle safety and performance.