Since the past couple of years, high side switches have been witnessing considerable growth due to the adoption of power-efficient electronic devices. Ongoing industrial automation, coupled with the industry 4.0 revolution, is a key driving force for the global high side switches market. Due to current industry 4.0 revolution the high side switches are finding their applications in every industry verticals. Due to rapid adoption of advanced technologies in automotive vehicles, the automotive industry is becoming key source of demand for the high side switches. Advanced automotive technologies such as rear-mounted radars, night vision with pedestrian detection, automatic high-beam control, parental control, GPS vehicle tracking, and others are transforming the automotive industry.
High side switches are used to safely drive current into inductive, capacitive and resistive loads. At present, high side switches are used to transform the hash automotive environment and provide internal power control in vehicles. Furthermore, the global demand for power control devices is fueling the growth of the high side switches market across the globe.
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High Side Switches Market: Dynamics
Drivers & Challenges
Increasing demand for smart switches from the automotive industry is positively supporting the growth of the high side switches market. The automotive industry is a prominent segment for the manufacturers of high side switches. Further, the rising demand from various industries where high side switches are widely used for various automation applications is expected to boost the growth of the global high side switches market. High side switches find diverse applications in robotics, general load management, electric drives and others. The high adoption of high side switches in these areas is expected to drive the market growth during the forecast period.
On the other hand, the end user demand for low-price high side switches may create a challenge for the high side switches market. Macroeconomic situations such as currency exchange rates, economic difficulties and worldwide financial uncertainty are some of the other factors hindering the growth of the high side switches market.
High Side Switches Market: Segmentation
The high side switches market has been classified based on the basis of channel type, application and end-use.
Segmentation on the basis of channel type:
Segmentation on the basis of application:
- SMART power distribution
- Main switch
- Trailer node supply
- Rear defogger
- Windshield de-icer
- Power heated seat
- High inductive
Segmentation on the basis of end-use:
Prominent players in the global high side switches market are New Japan Radio, STMicroelectronics, Infineon Technologies, NXP Semiconductors, Analog Devices, Texas Instruments, ON Semiconductor, ROHM, Microchip Technology, Diodes and Maxim.
Based on the region, the market has been segmented into North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and Others of APAC, and Middle East & Africa. Attributing to rapid technological advancements in the U.S. and Canada and presence of various established and growing players, the North America region is estimated to hold a high market share in the high side switches market. The region is undergoing the adoption of advanced and next-generation industrial technologies, which is a key factor surging the growth of the high side switches market in the region. It has been observed that the North America region is an early adopter of industry revolution 4.0 technologies as compared to other regions.
Attributing to this factor, the high side switches market in North America is expected to create new business opportunities for manufacturers. On the other hand, due to the presence of global automotive companies in Europe, countries in the region are expected to be key demand regions for high side switches. Due to the rising adoption of industrial automation components in India and China, the Asia Pacific high side switches market is expected to grow with a double-digit growth rate during the forecast period.
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The report covers exhaustive analysis on:
- Global high side switches market segments
- Global high side switches market dynamics
- Historical actual market size, 2013–2017
- Global high side switches market size & forecast, 2018 to 2028
- Supply & demand value chain for the market
- Global market current trends/issues/challenges
- Competition & companies involved in the market
- High side switches market solutions technology
- High side switches value chain of the market
- Global high side switches market drivers and restraints