As an important component of automobile electronic products, automobile switch plays an important role in the whole automobile electronic products. According to relevant statistics, the global automotive switch market size is about 19.2 billion US dollars in 2018, and will grow to 28.8 billion US dollars in 2023, with a compound annual growth rate (CAGR) of 4.3%. Due to the rapid development of the automotive electronics market and the emergence of new technologies such as electric vehicles and autonomous driving, the global automotive switch market is expected to reach $26.1 billion by 2023 and grow rapidly at a compound annual growth rate of more than 15% in the next few years.

From the perspective of market structure, the current global automotive switch market is mainly dominated by Germany, Japan, the United States and other developed countries or regions, only a few domestic enterprises involved in this field, and mainly concentrated in the middle and low-end products.

In recent years, with the development of automotive intelligence, networking and electrification, automotive switch as the core parts of automotive electronic products, the market demand continues to grow. At the same time, with the improvement of technical strength and production process of domestic auto switch manufacturers, domestic enterprises have the ability to compete with international giants in some fields. In addition, with the increase of the national policy support for new energy vehicles and the adjustment of the new energy vehicle subsidy policy, the sales of domestic new energy vehicles continue to grow, promoting the auto switch industry development of our country.

As the auto industry continues to grow, so does the auto-switching industry. In the future, the automotive switch industry will develop in the following ways:

1. With the proliferation of intelligent interconnects and autonomous driving technologies, automotive electronics will also move toward lighter weight and higher integration.. In addition, with the rapid growth of new energy vehicle sales and state support for new energy vehicles, electric vehicles will continue to develop at a high rate and become a major driver for the future development of automotive electronics.

2. With the increasing popularity of mobile phones and other mobile terminal devices, applications on smartphones are increasingly penetrating the automotive domain, and the automobile will also become an important application scenario on mobile terminal devices, he said..As a result, future automotive switch products will move toward miniaturization and lightweight.

3. As energy shortages and environmental concerns become more prominent, future automotive switch products will also move in the direction of greater energy efficiency, lower emissions and greater intelligence.