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Automotive Switch Market to Reach USD 11.5 Billion by 2034, Fueled by Shift Toward Vehicle Electrification – Exclusive Report by Transparency Market Research, Inc.

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The rise in vehicle electrification and increased vehicle ownership are key drivers fueling automotive switch market growth.

WILMINGTON, Del., July 25, 2024 /PRNewswire/ — The global automotive switch market stood at US$ 8.1 billion in 2023, and the global market is projected to reach US$ 11.5 billion in 2034. The automotive switch market is anticipated to expand at a CAGR of 3.2% between 2024 and 2034.

The global automotive switch market is experiencing substantial growth, driven by several key factors. Automotive switches are essential components in vehicles, responsible for controlling various electronic functions such as lighting, HVAC, infotainment, and engine management. The increasing adoption of electronic systems in vehicles and the rise in vehicle ownership are primary drivers of this market’s expansion.

One significant factor propelling market growth is the trend toward vehicle electrification. With the automotive industry rapidly shifting towards electric and hybrid vehicles, the demand for advanced electronic systems has surged. These vehicles require a higher number of sophisticated switches for various functions, from battery management to advanced driver-assistance systems (ADAS).

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The increasing consumer preference for enhanced comfort, safety, and convenience in vehicles is boosting the demand for advanced switch systems. Features such as touch-sensitive controls, multifunctional steering wheels, and advanced infotainment systems rely heavily on innovative switch technologies. This consumer trend is prompting automakers to integrate more advanced switches into their vehicle designs.

Technological advancements are also playing a crucial role in market growth. Innovations in switch technology, such as the development of capacitive touch switches, haptic feedback systems, and voice-activated controls, are enhancing the user experience and driving market demand. These advancements not only improve functionality but also contribute to the aesthetic and ergonomic design of vehicle interiors.

The market faces challenges such as the high cost of advanced switches and the need for rigorous testing to ensure durability and reliability. Despite these challenges, the market outlook remains positive, supported by continuous advancements in automotive technology and increasing consumer demand for advanced vehicle features.

Automotive Switch Market Report Scope:

Report Coverage

Details 

Forecast Period  

2024-2034

Base Year  

2020-2022

Size in 2023

US$ 8.1 Bn

Forecast (Value) in 2034

US$ 11.5 Bn

Growth Rate (CAGR) 

3.2 %

No. of Pages 

150 Pages 

Segments covered 

By Switch Type, By Application, By Technology, By Material Type, By Vehicle Type, By Sales Channel, By Region

Key Takeaways of Market Report

Global automotive switch market to generate absolute dollar opportunity worth US$ 11.5 billion until 2034.Global automotive switch market is valued at US$ 8.1 billion in 2023.Asia Pacific is forecasted to hold the largest share in 2023.

Automotive Switch Market: Growth Drivers

Modern vehicles are increasingly integrated with high-end electronic systems that enhance driver and passenger comfort, convenience, and safety. The global adoption of electronic systems in automobile production is rising significantly, positively impacting the automotive switch market size.Emerging economies worldwide are experiencing a spike in disposable income and urbanization, leading to increased vehicle ownership. This surge in vehicle ownership, coupled with the demand for advanced electronic features, is driving the growth of the automotive switch market.Manufacturers are focusing on developing durable, reliable, and cost-effective switches to meet the evolving needs of modern vehicles, ensuring market expansion in both developed and developing regions.

Automotive Switch Market: Regional Landscape

In 2023, Asia Pacific dominated the global automotive switch market, driven by several key factors. Advancements in autonomous vehicle technology and the presence of leading automobile manufacturers, particularly in India and China, have significantly contributed to the region’s market share. Additionally, the increased adoption of the latest car switching mechanisms is fueling demand for automotive switches in Asia Pacific.The region is experiencing a surge in sales of both passenger cars and commercial vehicles. Growth in automobile production in manufacturing hubs like India, China, and Japan further amplifies the market dynamics of the region. These factors collectively underscore Asia Pacific’s pivotal role in shaping the global automotive switch market landscape, highlighting its significance in the automotive industry’s evolution and growth.

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Automotive Switch Market: Key Players

In 2023, Honeywell International Inc. made a significant development in the automotive switch market by introducing a new generation of smart switches designed to enhance vehicle connectivity and functionality. These advanced switches incorporate innovative sensor technology and connectivity features, enabling seamless integration with vehicle systems and enhancing the overall driving experience.In 2023, Omron Corporation advanced the market with the development of a highly durable and reliable automotive switch solution specifically designed for electric and hybrid vehicles. This new switch incorporates Omron’s cutting-edge technology to withstand the unique demands of electric vehicle applications, ensuring optimal performance and longevity in these vehicles’ sophisticated electronic systems.

Automotive Switch Market: Segmentation

Switch Type

Toggle SwitchesRocker SwitchesPush Button SwitchesRotary SwitchesTouchpad SwitchesDimmer SwitchesKnob SwitchesLever SwitchesOthers

Application

HVAC ControlsInfotainment SystemsPower Windows and MirrorsLighting ControlsSteering ControlsEngine Management SystemsOthers

Technology

Mechanical SwitchesElectrical Switches

Material Type

PlasticMetalOthers (Ceramic, etc.)

Vehicle Type

Passenger CarsHatchbacksSedansSUVsLight Commercial VehiclesHeavy Duty TrucksBuses and CoachesOff-road Vehicles

Sales Channel

OEMAftermarket

Region

North AmericaEuropeAsia PacificMiddle East & AfricaLatin America

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More Trending Reports by Transparency Market Research –

Broadcast Switchers Market is projected to advance at a CAGR of 6.1% from 2022 to 2031.Micro Switch Market is projected to expand at a CAGR of 5.4% during the forecast period from 2023 to 2031.Level 4 Autonomous Vehicles Market is estimated to advance at a CAGR of 39.5% from 2024 to 2034 and reach US$ 17.1 Bn by the end of 2034.Natural Gas Vehicles Market is estimated to grow at a CAGR of 5.3% from 2024 to 2034 and reach US$ 86.9 Bn by the end of 2034.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research Inc.
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TECNO Named Among 2024-2025 Global Top 10 Smartphone Brands and Wins Dual Product Innovation Awards at CES 2025

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — TECNO, a global innovative technology brand, celebrates a landmark achievement at CES 2025. The brand earned three awards: its selection as one of the 2024-2025 Global Top 10 Smartphone Brands, marking its third consecutive win, and recognition for its groundbreaking products, the PHANTOM V Fold2 5G and Pocket Go AR Handheld Gaming Device, which claimed prestigious product innovation awards.

The annual CES Global Top Brands Award and Product Innovation Awards, celebrates global consumer electronics brands leading in frontier innovations. This prestigious platform, often referred to as the “Oscars of the Global Consumer Electronics Industry,” recognizes the brands and products that have not only made a remarkable impact on the global market, but also set new standards for technology and consumer experience across the industry.

A Legacy of Innovation and Global Impact

“This achievement is a testament to our breakthroughs and accomplishments in building an intelligent product ecosystem. Each of the awarded products embodies a distinct aspect of our brand’s innovation: from cutting-edge AI advancements to transformative user experiences. These innovations enable us to accelerate the adoption of AI and emerging technologies in key markets, ensuring that consumers in emerging markets can fully benefit from the digital revolution.” said Guo Lei, General Manager of TECNO.

In the past year, TECNO took bold strides toward its AI-powered future, introducing a series of innovations- TECNO launched the newest PHANTOM foldable series, bringing practical AI-powered features and functions that make a real difference in people’s lives. By integrating advanced AI algorithms with extensive multi-skin tone database, TECNO launched an upgraded Universal Tone technology, further takes up the challenge of solving skin tone “color bias” in smartphone imaging and formed partnerships with top global universities such as Leeds University, Nanyang Technological University in Singapore and Dar Al – Hekma University in Saudi Arabia.

“TECNO exemplifies how global innovation can resonate locally,” said Zhu Dongfang, President of the Asian Digital Group, speaking on behalf of the jury. “Its commitment to making advanced technology accessible and impactful for emerging markets not only redefines the user experience but also cements its standing as a trailblazer in smart devices and AI innovation.”

TECNO PHANTOM V Fold2 5G: Winner of the AI-Powered Foldable Phone Innovation Award

The PHANTOM V Fold2 5G received the prestigious AI-Powered Foldable Phone Innovation Award, underscoring TECNO’s determination to reshape the foldable smartphone landscape.

Combining sleek design with powerful AI capabilities, the PHANTOM V Fold2 5G is an industry standout. Its ultra-thin profile—just 5.5mm when unfolded—sets a new standard for portability without sacrificing durability, thanks to its aviation-grade waterdrop hinge. Its 7.85-inch 2K AMOLED main screen and 6.42-inch curved AMOLED outer screen deliver immersive visuals, enhanced by Dolby Atmos surround sound for a premium multimedia experience.

Powered by TECNO’s Ella AI assistant, the device seamlessly integrates features like real-time translation, intelligent writing, and productivity tools, including the PHANTOM V Pen. This makes it an ideal companion for professionals seeking to blend creativity and efficiency.

TECNO Pocket Go: Winner of the Ultra-Portable AR PC Gaming Innovation Design Award

TECNO’s Pocket Go redefines portable gaming, winning the Ultra-Portable AR PC Gaming Innovation Design Award for its visionary integration of augmented reality (AR) with handheld gaming.

Weighing just 557 grams, Pocket Go delivers the immersive quality of a 215-inch TV projection in a compact, ultra-light design. Its VisionTrack technology leverages head tracking and AI algorithms to create an unmatched sensory gaming experience.

Powered by an AMD Ryzen™ 7 processor, Pocket Go excels in performance, handling AAA gaming titles seamlessly while offering replaceable battery design, and PC-level cooling mechanisms for uninterrupted play. Beyond gaming, the device transitions effortlessly to productivity, and multimedia tasks and multi-usages, reflecting TECNO’s dedication to creating versatile technology.

With Pocket Go, TECNO merges gaming innovation with AR technology to deliver an immersive and portable experience like no other, showcasing its ability to continuously explore new frontiers in connected living, as a industry leader setting new global standards.

TECNO’s momentous achievements at the CES Global Top Brands Awards and Product Innovation Awards highlight its consistent efforts to innovate while addressing the unique needs of emerging markets. Staying true to its “Stop at Nothing”spirit, TECNO continues to enhance productivity, unleash creativity and remains resolute in its mission to bridge the digital divide and bring transformative experiences to markets.

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SOURCE TECNO Mobile Limited

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Redefining Charging: Anker Innovations Showcases Smart and Sustainable Solutions at CES

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BELLEVUE, Wash., Jan. 9, 2025 /PRNewswire/ — Anker Innovations, a global leader in mobile charging and consumer electronics, today unveiled its latest groundbreaking charging innovations at the Consumer Electronics Show (CES), held January 7-10 in Las Vegas. Among the featured products from Anker mobile charging and Anker SOLIX are the 25,000mAh Anker Power Bank, Anker 140W Charger, EverForest 2 Electric Cooler and Solar Umbrella, redefining fast-charging standards for users worldwide.

The products mentioned above will soon be available in Southeast Asia as well. “As the world’s No.1 mobile charging brand, we are grateful for the support of Southeast Asian consumers,” said Leon Wu, Head of Anker Innovations Southeast Asia. “Our mission is to ignite possibilities through ultimate innovation, and we are committed to providing products that exceed consumer expectations in Southeast Asia.”

Anker Innovations, a global leader in fast-charging technologies, develops products for home, office, and on-the-go charging. By integrating Gallium Nitride (GaN) technology and proprietary features, Anker delivers a safer, faster, and more sustainable charging experience. The Anker Prime Charging Docking Station (14-in-1, 160W) won the CES 2025 Innovation Award in the Computer Peripherals & Accessories category.

Anker 25,000mAh Power Bank (165W, Built-In and Retractable Cables)

Small in size and packed with the latest PD 3.0 technology, Anker’s fast-charging power bank delivers powerful performance.

Looking at Anker’s 25K 165W compact power bank, it boasts an impressive 25,000mAh capacity. Equipped with three USB-C ports and one USB-A port, it is ideal for charging multiple devices on the go. It can charge a MacBook Air 13′(M3) 2024 1.3 times, an iPhone 16 up to 4.5 times, and boost a MacBook Pro 16″ (M3) battery to 50% in just 33 minutes.

Notably, Anker’s 25,000mAh 165W power bank is the world’s first high-power power bank with retractable cables. It includes a 22cm cable and a 69cm retractable cable, this provides flexible charging options for users on the move while walking, sitting, or lying down.

With its smart TFT color screen and vibrant user interface, the power bank provides real-time data, including output power, power bank temperature and estimated charging time. Users can pull the retractable cable to trigger screen animations featuring dynamic emojis, adding a new level of convenience and fun.

Anker 140W Charger featuring First-Ever Digital Display

Anker’s charger breaks new ground as the first to feature a digital window display, bringing advanced functionality to the forefront. Users can easily check the total power output, output for each port, view the remaining power in real-time, monitor temperature, and track the total operation time for a more comprehensive overview.

Real-time temperature monitoring ensures device safety, while Anker’s advanced Active Shield 2.0 technology enhances the safety and reliability with up to 3 million daily safety checks. Built with aerospace-grade GaN, the charger maximizes performance for faster and more efficient charging.

Additionally, the four-port charger (3 USB-C and 1 USB-A) boasts sleek aesthetics and wall mounting capabilities.

Anker Prime 250W GaN Desktop Charger (6 Ports)

The Anker Prime 250W GaN Desktop Charger is a powerful 6-port solution designed for modern multi-device users. With 4 USB-C ports and 2 USB-A ports, it offers up to 250W of total output, capable of charging multiple devices simultaneously, from smartphones to laptops. Its standout feature is the 140W max power delivery for MacBook Pro users, fully charging a 16″ MacBook Pro in under two hours via PD3.1 technology.

A key feature is the 2.3″ LCD display, which shows real-time power output for each port and can be turned off manually or automatically. The twist button control allows users to view port details, adjust priorities, and switch between power modes with ease. This GaN-based charger combines high power, compact design, and smart control, making it the ideal charging solution for professionals and tech enthusiasts alike.

Leading the Future of Charging Technology

Anker’s new line of high-speed USB-C chargers are available exclusively on apple.com and at select Apple Store locations worldwide, designed to meet a variety of charging needs and can efficiently charge Apple Watches, AirPods, iPhones, iPads, MacBooks, and more, making them the perfect companion for Apple devices.

As a global pioneer in charging technologies, Anker continues to push the boundaries of what’s possible. Featuring cutting-edge GaN technology, these latest products deliver faster speeds, reduced heat generation, and more compact designs compared to traditional silicon-based chargers.

More importantly, these innovations are designed with user insights in mind, transforming charging devices from cold hardware into interactive and connected ecosystems, solidifying Anker’s status as a leader in next-generation charging technology.

In the near future, Anker plans to bring its Prime series—the most advanced multi-device fast charging lineup—along with its cutting-edge innovations to more users across Southeast Asian countries.

About Anker

Anker is the world’s #1 mobile charging brand and a developer of high-speed charging technologies for the home, car, and on the go. This includes wall plugs, wireless chargers, car chargers, power banks, cables, and more. Find out more about Anker at anker.com.

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SOURCE Anker Innovations

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Implantica announces new exceptional published data from the largest real-world study from Germany

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VADUZ, Liechtenstein, Jan. 9, 2025 /PRNewswire/ — Implantica AG (publ.), a medtech company at the forefront of introducing advanced technology into the body, including the unique device RefluxStop™ for the treatment of acid reflux, a treatment field with 1 billion sufferers, announces the journal Surgery Open Science, affiliated with the prestigious journal Surgery, recently published the largest real-world study from Germany, “A retrospective study assessing RefluxStop surgery for gastroesophageal reflux disease: Clinical outcomes in 79 patients from Germany“.

This first-of-its-kind real-world study from Germany’s leading Reflux center involving 79 patients for up to 17 months follow-up was led by Priv.-Doz. Dr. Thorsten G. Lehmann, MHBA – Center Director and Chief Physician of the Clinic for General and Visceral Surgery Friedrichshafen in southern Germany.

Dr. Lehmann’s study conclusion presented medical treatment with PPI reduced from 94.9% (before surgery) to 2.5% (after surgery) at follow-up. The study results show outstanding safety and effectiveness results demonstrating significant improvements both in PPI use and in quality of life, showing median improvements in GERD-HRQL (Gastro-Esophageal Reflux Disease – Health-Related Quality-of-Life) score of 100% and mean improvements of 92.4%. These outstanding outcomes are especially encouraging as half of study participants had either large hiatal hernia, >3 cm, or reoperation for previously failed anti-reflux surgery, both groups typically experience much higher complication rates.

Founder and CEO of Implantica, Dr. Peter Forsell says, “I am always humbled by the independent surgeons who continue to choose to gather and report RefluxStop™ data. Priv.-Doz. Dr. Lehmann’s data is yet another confirmation of the fantastic results one can achieve with the RefluxStop™ treatment. Remarkable results have now been reported by many independent centers across Europe showing similar exceptional safe and effective outcomes. With more than 1000 patients treated in Europe over the past five years, this study marks yet another great milestone demonstrating RefluxStop’s potential to revolutionize the GERD treatment landscape for millions of patients around the World.”

For further information, please contact:
Nicole Pehrsson, Chief Corporate Affairs Officer
Telephone (CH): +41 (0)79 335 09 49
nicole.pehrsson@implantica.com

Implantica is listed on Nasdaq First North Premier Growth Market in Stockholm.

The company’s Certified Adviser is FNCA Sweden AB, info@fnca.se

The information was sent for publication, through the agency of the contact person set out above, on January 09, 2025, at 08:30 a.m. (CET).

About Implantica

Implantica is a medtech group dedicated to bringing advanced technology into the body. Implantica’s lead product, RefluxStop™, is a CE-marked implant for the prevention of gastroesophageal reflux that will potentially create a paradigm shift in anti-reflux treatment as supported by successful clinical trial results. Implantica also focuses on eHealth inside the body and has developed a broad, patent protected, product pipeline based partly on two platform technologies: an eHealth platform designed to monitor a broad range of health parameters, control treatment from inside the body and communicate to the caregiver on distance and a wireless energizing platform designed to power remote-controlled implants wirelessly through intact skin. Implantica is listed on Nasdaq First North Premier Growth Market (ticker: IMP A SDB). Visit www.implantica.com for further information.

About RefluxStop™

RefluxStop™ is a new innovative treatment that has the potential to spur a paradigm shift in anti-reflux surgery. It’s unique mechanism of action differentiates it from standard of care and current surgical solutions. Longer established surgical options for GORD involve encircling the food passageway to support the lower oesophageal sphincter’s closing mechanism and are commonly associated with side effects such as swallowing difficulties, pain when swallowing and inability to belch and/or vomit.

In contrast, the RefluxStop™ device treats the cause of acid reflux without encircling and putting pressure on the food passageway. It restores and maintains the lower oesophageal sphincter in its original, natural position.

The RefluxStop™ mechanism of action is focused on reconstructing all three components of the anti-reflux barrier, that if compromised could possibly result in acid reflux. It restores and supports the natural anatomical physiology of the body allowing the body to itself solve the problem with acid reflux.

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Media Contact:
Implantica AG
Juanita Eberhart, VP Marketing & Advocacy
M: +1 925-381-4581
juanita.eberhart@implantica.com

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