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As per the findings of the TMR report, the global shares in the automotive micro switch market are distributed among a large pool of players, and newer players are frequently eating out a share of pie owing to low entry barriers. These micro switches are cost-effective, and do not require extensive technological expertise to be built. That being said, the analyst of the report has identified Honeywell Sensing and Productivity Solutions, Alps Electric, Johnson Electric Holdings Ltd., Panasonic Corporation, C&K Components Inc., OMRON Corporation, Crouzet Automatismes SAS, CAMSCO Electric Co. Ltd., TE Connectivity, The APEM Group, Microprecision Electronics, and Knitter Switch as some of the notable companies ahead of the curve. To gain an edge over their competitors, these players are frequently indulging in mergers and acquisition, as it helps them strengthen their supply chain as well as find new customers.
Based on type, the market for automotive micro switch market has been segmented into door interlock switches, reset switches, ultra-miniature micro switches, sub-miniature micro switches, double pole double throw micro switches, single pole standard precision micro switches, general purpose micro switches, and standard micro switches. End users studied under this study are retail, automotive, industrial, consumer electronics, and others. Geographically, the analyst of the report has highlighted Asia Pacific as the region that will continue to formulate for the most prominent chunk of the demand in the near future.
Increasing consumer preference for integrated components within an automobile that add to convenience in handling as well as improves safety of the product is the primary driver of the automotive micro switch market. Manufacturers are building complex combinations of mechanical structure coupled with electronic systems that are increasing intelligent, and are equipped with systems such as infotainment, HVAC, window, electric steering, acceleration, heated seats, headlight controls, and transmission. For all these systems, micro switches are essential.
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