Projeted Growth
Moderate

Growth Potential Meter

Automotive Micro Switch Market by Product Type (General Purpose Micro Switch, Single Pole Standard Precision Micro Switch, Double Pole Double Throw Micro Switch, Sub Miniature Micro Switch, Ultra-Miniature Micro Switch, Reset Switches, and Door Interlock Switches) by Application (Passenger Cars and Commercial Vehicles) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2019-2027

Number of pages: 120 | Report Code: PSMR- PSMR-007105 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD 3972.22 million

Forecast Value (2028)

USD 5515.212778 million

CAGR (2022 to 2028)

4.8 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Global Automotive Micro Switch Market is estimated to reach USD 5353.65 million by 2027, growing at a CAGR of 4.8% between 2019 and 2027  


An automobile is made up of a large amount of components that are connected via micro switches that are specifically designed to function as a sensor for the presence or absence of another condition. With the right micro switch, automotive industry players can build better products with different configuration of terminations, actuators, and wired connections. As the automotive industry touches new heights in the developing economies by the coming years and the rising forecasts of electric vehicles in established countries, the market for automotive micro switches is geared up for a profitable future. Micro switches are a category of electric switches that are actuated through the use of a tipping-point mechanism (also called as “over-centre mechanism”) with very little force.  


The main advantage of a micro switch is its reliability. Switching occurs at specific positions reliably, which is a feature not present in other switches. The important feature of micro switches is that a small movement of the actuator produces a larger movement at the electrical contacts. Micro switches are very common due to their durability and low cost. The automotive industry is the largest adopter of micro switches, which are mainly used in engine area interiors, operation systems, door interlocks, electronic steering column lock, seat detection, and electronic parking brakes, among others. Additionally, the stable fall in micro switch prices is also driving the market.  


The growth of the micro switch market is primarily attributable to the growing automotive industry. The demand for micro switches is high in emerging economies from Asia Pacific, such as China and India, due to the flourishing automotive industry in these countries. In addition to this, micro switches are known for their long life, which is expected to keep micro switches constantly in demand over the forecast period. Several established players in the market are trying to innovate novel micro switch technology, which is expected to create a strong opportunity for growth of the micro switch market over the forecast period.  


By product type, the global automotive micro switch market can be segmented into General Purpose Micro Switch, Single Pole Standard Precision Micro Switch, Double Pole Double Throw Micro Switch, Sub Miniature Micro Switch, Ultra-Miniature Micro Switch, Reset Switches, and Door Interlock Switches. Standard micro switches, sub miniature micro switches and general purpose micro switches collectively held more than 50% of the global automotive micro switch market in 2016.  


Automotive micro switch market can be categorized into Passenger Cars and Commercial Vehicles based on application. The largest application segment of the global automotive micro switches market is passenger cars, due to the high demand for connected technologies among customers. The market share of this segment will increase further, and it will continue to dominate the market throughout the next five years. The increase in per capita income disposable income worldwide and especially in the emerging countries in APAC is driving the demand for passenger cars in the global market. The growing demand for sophisticated automotive micro switch is encouraging vendors to invest in technology to fulfil the dynamic consumer demands.  


Geographically, the global automotive infotainment market is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is the leading market for automotive micro switches, followed by North America and Europe. The Middle East and Africa is expected to witness the fastest growth during the forecast period as the number of automotive factories is expected to rise significantly in the region in the coming years. The Middle East and Africa market for automotive. The automotive micro switch market is highly split with a number of companies operating in the segment. Companies such as Honeywell Sensing and Productivity Solutions, Panasonic Corporation, etc. have been able to establish themselves as leaders.  


Prominent players are currently focusing on providing cost competitive products to customers. Moreover, as part of this strategy, many companies are engaging in various strategic partnerships and acquisitions, focusing on expanding their business through new service additions and geographical presence. Some of the major players engaged in the automotive micro switches market are Alps Electric, C&K Components Inc., CAMSCO Electric Co. Ltd., Crouzet Automatismes SAS, ZF Electronics, Honeywell, Johnson Electric Holdings Ltd., The APEM Group, Microprecision Electronics, TE Connectivity, OMRON Corporation, Knitter Switch, Panasonic Corporation, Salecom Electric Co. Ltd., TROX GmBH, and Zippy Technology.  


 Global Automotive Micro Switch Market
 


Global Automotive Micro Switch Market: Product Type

  • General Purpose Micro Switch
  • Single Pole Standard Precision Micro Switch
  • Double Pole Double Throw Micro Switch
  • Sub Miniature Micro Switch
  • Ultra-Miniature Micro Switch
  • Reset Switches
  • Door Interlock Switches

Global Automotive Micro Switch Market: Application

  • Passenger Cars
  • Commercial Vehicles

Global Automotive Micro Switch Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Micro Switch Market:

  • Alps Electric
  • C&K Components Inc.
  • CAMSCO Electric Co. Ltd.
  • Crouzet Automatismes SAS
  • ZF Electronics
  • Honeywell
  • Johnson Electric Holdings Ltd.
  • The APEM Group
  • Microprecision Electronics
  • TE Connectivity
  • OMRON Corporation
  • Knitter Switch
  • Panasonic Corporation
  • Salecom Electric Co. Ltd.
  • TROX GmBH
  • Zippy Technology

Geographical analysis of Global Automotive Micro Switch Market:

  • North America
    • U.S.A.
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Global Automotive Micro Switch Market Report delivers comprehensive analysis of :

  • Market Forecast for 2019-27
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Automotive Micro Switch Market was valued at around USD 3972.22 million in 2021 & estimated to reach USD 5515.212778 by 2028.




Automotive Micro Switch Market is likely to grow at compounded annual growth rate (CAGR) of 4.8% between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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