The steering wheel switches market is set to observe growth rate of over 1.4% till 2025. Highly channelized by the rising importance of driver comfort and convenience in tandem with seamless customer experience, the worldwide steering wheel switches industry trends are poised to foresee a massive momentum by 2025.
With the automotive industry adhering increased importance to the driver’s comfort and convenience, steering wheel switches industry size is projected to witness massive growth in the years ahead, in terms of sales and volume. Traditionally, these wheels were designed only with one button for honking. However, with consumers demanding increased functionality in the car such as controls for playing music and handsfree talking on the phone, steering wheels have come to include more switches.
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For most part, additional switches help the driver operate different functions without having to get distracted from driving, thus helping to prevent accidents. Steering wheel switches are more prevalent in passenger vehicles and light commercial vehicles, though they are also gaining prominence in heavy commercial vehicles. Owing to the comfort and functionality that these switches provide, automotive industry players are looking forward to incorporating more such switches in the steering wheel with varied styles, which would eventually boost steering wheel switches industry trends.
Many auto manufacturers are also adding a joystick-like push button controller on the left of the steering wheel, which is intuitive and can be operated without the driver having to seek out the touchscreen display first. The rising demand for such easily functional switches will indeed boost the steering wheel switches industry share. Many automobile designers and manufacturers are also working to design a uniform steering wheel switch layout so that it is easier for users to operate controls using intuition and feel, thereby propelling the steering wheel switches market trends further.
It is imperative to mention that in the countries where the demand for luxury cars are greater, such as Germany, Italy, UK, and France, steering wheel switches industry giants have designed wheels to accommodate as many as 10 switches. This trend has been followed in mid-range cars as well, with switches like infotainment, phone connectivity and volume control that can keep drivers from operating the distracting touchscreen for any kind of function control.
The efforts by prominent industry contenders is anticipated to majorly drive Europe steering wheel switches market size, that is projected to surpass USD 1 billion by 2024. In addition, the region is characterized by stringent regulations focusing on bettering driver safety, which would further bolster the industry outlook.
Considering the fact that they ensure driver’s safety, steering wheel switches might be made mandatory in the near future. The ease of operation the product provides is also a reason for the rising popularity and demand of steering wheel switches. Automotive manufacturers in the rapidly developing region of Asia Pacific have duly acknowledged this growing demand.
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Some Point from Table of Contents:
Chapter 4. Steering Wheel Switches Market, By Vehicle (Revenue, Shipments)
4.1. Key trends by vehicle
22.214.171.124. Market estimates and forecast, 2013 - 2025
126.96.36.199. Market estimates and forecast, 2013 - 2025
188.8.131.52. Market estimates and forecast, 2013 – 2025
Chapter 5. Steering Wheel Switches Market, By Product (Revenue, Shipments)
5.1. Key trends by product 77
184.108.40.206. Market estimates and forecast, 2013 - 2025
220.127.116.11. Steering Wheel Switches Market estimates and forecast, 2013 - 2025
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