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Automotive Switch Market Share

Report ID: GMI834
Published Date: Aug 2024
Report Format: PDF

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Automotive Switch Market Share

Robert Bosch GmbH and Continental AG collectively held a significant share of the automotive switch industry in 2023. Robert Bosch GmbH, commonly known as Bosch, is a global leader in engineering and technology, headquartered in Gerlingen, Germany. The company is renowned for its high-quality products and cutting-edge technologies, making it a key player in the automotive sector.

Continental AG, commonly known as Continental, is a German multinational company renowned for its expertise in automotive technology, with a strong presence in the automotive switch market. Founded in 1871 and headquartered in Hanover, Germany, Continental has grown to become one of the world's largest automotive suppliers, specializing in a wide range of products, including tires, brake systems, vehicle stability control systems, and interior electronics. The company's automotive switch division plays a crucial role in enhancing vehicle functionality and safety.

Automotive Switch Market Companies

Major players operating in the automotive switch industry are:

Robert Bosch GmbH
Continental AG
Delphi Technologies (BorgWarner Inc.)
ZF Friedrichshafen AG
Valeo S.A.
Denso Corporation
Magna International Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of automotive switch reached USD 7.3 billion in 2023 and will demonstrate 4.5% CAGR between 2024 and 2032, attributed to the rising demand for advanced driver-assistance systems (ADAS) and electric vehicles (EVs), which require sophisticated electronic components.

Automotive switch industry from the rocker switches segment will witness 5.5% CAGR through 2032, driven by its widespread application in vehicle lighting, HVAC systems, and power windows.

North America market will record USD 4 billion by 2032, owing to the region's strong automotive industry and the high adoption rate of advanced vehicle technologies.

Key players operating in the industry are Robert Bosch GmbH, Continental AG, Delphi Technologies (BorgWarner Inc.), ZF Friedrichshafen AG, Valeo S.A., Denso Corporation, and Magna International Inc., among others.