[323 Pages Report] The global navigation switches market holds a forecasted share of US$ 560 million in 2022 and is likely to surpass US$ 1250 million by 2032, moving ahead with a CAGR of 8.4% during the forecast period (2022-2032).
| Report Attribute | Details |
|---|---|
| Navigation Switches Market Value (2022) | US$ 560 million |
| Navigation Switches Market Anticipated Forecast Value (2032) | US$ 1250 million |
| Navigation Switches Market Projected Growth Rate (2022-2032) | 8.4% |
Several factors are expected to drive the growth of the global navigation switches market. One of the major growth factors for the navigation switch market is the increase in demand for automotive safety systems. As vehicles become safer and more secure, manufacturers are increasingly integrating advanced technologies to enhance safety.
A growing inclination among vendors towards safety is expected to boost revenue growth in the navigation switches market in the coming years. The shift in vehicle manufacturers' focus toward safety and the increasing popularity of multi-functional gaming consoles are the main factors driving the market for navigation switches.
The safety of customers is of primary importance, so vendors are integrating systems designed to prevent potentially dangerous situations for passengers and their vehicles. The most common safety systems embedded in automobiles include anti-pinch windows and driver assistance systems such as radar systems, cameras, and communication devices.
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There is also an increasing demand for fly-by-wire technology. As a result of fly-by-wire technology, aircraft weight is reduced, costs are reduced, communication is simplified, and maintenance is simplified, and so on. As the adoption of fly-by-wire aircraft increases, the market for navigation switches is expected to grow exponentially in the coming year.
The growing demand for navigation switches in the consumer electronics industry is another factor driving the growth of this market. Increasing the use of navigation switches in smart homes and smart cities will also drive this market's growth.
As smart wearable devices such as smartwatches continue to make technological advances, such as increasing the use of navigation switches in wearable devices will be driven by rising technology.
Consequently, navigation switches are having a significant contribution to the popularity in different sectors and thus drive the global navigation switches market growth for them.
The economic growth of the navigation switches market is being slowed by the increasing use of smartphones and tablets for gaming. Due to its cost-effectiveness, gamers are turning to smartphones. Mobile gaming may stifle the growth of navigation switches as the trend of gaming on smartphones increases.
North America is the largest contributor to navigation switches and is expected to capture the largest market share based on the current market scenario.
North America is estimated to hold a significant share of 26.2% in the navigation switches market. In North America, the high focus is on safety, with a high inclination toward innovations obtained from Research and Development (R&D).
Additionally, North America's high concentration of market players and easy access to technical expertise contribute to the high demand for navigation switches.
The European navigation switches market has a global market share accounting for 18.9%. The region is expected to increase its share during the forecast period owing to exposure to the aerospace industry and mobile & internet technology in higher usage of navigation switches.
APAC has the highest number of smartphone shipments due to the emergence of these mobile devices as a gaming platform. The growing demand for LED TVs and PS-based games will significantly contribute to the growth of the navigation ;switch market in the APAC region.
For the last two years, the region has dominated the navigation switches market. As to increase their cost-effectiveness, the vendors are focusing on setting up their manufacturing facilities in APAC.
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Due to the presence of a limited number of established players, the navigation switch market is moderately concentrated. Several vendors compete fiercely based on availability, price, quality, and size in the market.
The key vendors in the global navigation switch market are Adafruit Industries, GPS, Marine Navigation System, Inertial Navigation System, Surgical Navigation System, Robotic Navigation, APEM, C&K Components, E-Switch, Grayhill and others. Collaborating with other players in the navigation switches market is the key strategy followed by major market vendors to gain a competitive edge.
As navigation switches are operating in multiple product lines and catering to multiple industries, some niche players serve a limited segment of consumers and the defense industry.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8.4 % from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | By Type; By Application; By Sales Channel; Region Forecast till 2032 |
| Countries Covered | North America; Europe; APEJ; The Latin America; MEA |
| Key Companies Profiled | Adafruit Industries; GPS; Marine Navigation System; Inertial Navigation System; Surgical Navigation System; Robotic Navigation; APEM; C&K Components; E-Switch; Grayhill |
| Customization | Available Upon Request |
The navigation switches market is expected to grow at a CAGR of 8.4% through 2032.
The growth potential of the navigation switches market can value at US$ 1250 Mn by 2032.
The navigation switches market is projected to grow by US$ 560 million in 2022.
The Asia Pacific region dominates the Navigation switches market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter’s Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Navigation Switches Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2022-2032
5.3.1. Aircrafts
5.3.2. Gaming Consoles
5.3.3. Automobiles
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
5.5. Absolute $ Opportunity Analysis By Application, 2022-2032
6. Global Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2017-2021
6.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2022-2032
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Country
7.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
7.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
7.2.1. By Country
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.2. By Application
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Application
7.4. Key Takeaways
8. Latin America Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.4. Key Takeaways
9. Europe Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. U.K.
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.4. Key Takeaways
10. Asia Pacific Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.4. Key Takeaways
11. Middle East and Africa Navigation Switches Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.4. Key Takeaways
12. Key Countries Navigation Switches Market Analysis
12.1. U.S.
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2021
12.1.2.1. By Application
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2021
12.2.2.1. By Application
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2021
12.3.2.1. By Application
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2021
12.4.2.1. By Application
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2021
12.5.2.1. By Application
12.6. U.K.
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2021
12.6.2.1. By Application
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2021
12.7.2.1. By Application
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2021
12.8.2.1. By Application
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2021
12.9.2.1. By Application
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2021
12.10.2.1. By Application
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2021
12.11.2.1. By Application
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2021
12.12.2.1. By Application
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2021
12.13.2.1. By Application
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2021
12.14.2.1. By Application
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2021
12.15.2.1. By Application
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2021
12.16.2.1. By Application
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2021
12.17.2.1. By Application
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2021
12.18.2.1. By Application
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2021
12.19.2.1. By Application
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Application
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Adafruit Industries
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.2. APEM
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.3. C&K Components
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.4. E-Switch
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.5. Grayhill
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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Navigation Switches Market
