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.
Automotive Switch Market Leaders
Alps Alpine Co. Ltd
Toyodenso Co.,Ltd.
Valeo SA
TOKAIRIKA,CO, LTD.
Leopold Kostal GmbH & Co. KG
*Disclaimer: Major Players sorted in no particular order
