Automotive Ignition Switch Market Forecast from 2015 till 2025
Market scenario:-
An ignition switch, also known as starter switch, is used in the control system of an internal combustion engine motor vehicle which supports to trigger the key electrical systems for the vehicle. In addition to supplying power to the ignition system components and the starter solenoid, it also frequently switches on power to various accessories like power windows, radio, etc.
It is commonly combined with the starter switch that activates the starter motor. The ignition locking system is avoided due to the detachment of wiring to the switch and operating it directly, further known as hotwiring.
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Over the years, it has been analyzed that the automotive industry has come up with various technological advancements, owing to the respect towards low fuel consumption and emission for each vehicle. The increasing growth of this market leads to the other organizations to expand their market in automobile ignition switch market.
The growing adoption and the ever-rising market of automotive switches in the operating systems of vehicles is the major driving factor for the global automotive switch market. Additionally, the technological developments in the automobiles in terms of electrifications and electronics systems are making the utilization of automotive switch mostly in vehicles. The simplicity of operating the various functions during driving through automotive switches and the informative nature of automotive switch that makes it easy to locate are boosting the growth of the market. Alternatively, the mounting demand for an electric vehicle might hamper the growth of the market. The global market for automotive ignition switch has seen an impending growth over the last few years due to the rising demand for vehicles. It has been estimated that the global market will hold on to the same market during the forecasted period.
The automotive switch is similar to an electromechanical device which is used to function as an electrical circuit. It is used in vehicles for an extensive range of applications that covers HVAC system, infotainment system, and electronic component systems.
Additionally, it assists the driver to manage the direction indicators, windows, infotainment, and headlights without getting distracted from driving. These days, illuminated switches are provided in the vehicles for the indication of actuation regarding a definite function. Hence, it makes convenient for the user to identify and locate the switch position during low light. Illumination is provided in a number of switches, including toggle switches, rocker switches, push button switches, and rotary switches.
Regional analysis:-
The global automotive ignition switch market is segmented on the basis of the region covering North America, Asia Pacific, Europe, and LAMEA. Europe is considered as a rapidly growing market for ignition switch market and is anticipated to witness a constant growth. A prominent growth is estimated to be contributed from the automotive segment as the production levels in Germany, U.K. and France are estimated to boost. Asia-Pacific consists of emerging and developing economies such as India, China, Japan and South Korea and is experiencing huge population growth.
This region is projected to be as the rapidly growing market for ignition switches as it accounts for the considerable share of vehicles. The end-use markets for ignition system like a commercial as well as passenger vehicles are witnessing a growth. North American consists of the regions like Canada, U.S., and Mexico and is witnessing stimulation in the automotive industry. The growth in these markets has resulted in an augmentation in demand for Ignition Systems as it is considered as an essential component of each automotive application.
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Key players:-
• Federal-Mogul LLC
• Knite, Inc.
• Denso Corporation
• NGK Spark Plug Co., Ltd
• Mitsubishi Electric Corporation
• Diamond Electric Mfg. Co. Ltd.
• Robert Bosch Gmbh
• Continental AG
• Delphi Automotive Plc
• Woodward, Inc.
• Borgwarner Inc. and Others.
Business Intelligence:-
NGK Spark Plug Co. Ltd. is a Japan company which has closed on its acquisition of Well Manufacturing L.P. and the Wells vehicle electronics business from UCI Holdings Ltd in July 2015.
Automotive ignition switch market segmentation:-
By Type:-
• Electronic
• Distributor-less
• Conventional
By Component:
• Ignition coil
• Ignition switch
• Condenser
• Spark plug
• Ignition resistor
• Other
By Region:-
North America
The U.S.
Canada
Mexico
Europe
Germany
UK
Russia
France
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
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