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Low Side Switches Market Segmented By Automotive and Industrial user
In past couple of years the low side switches have witnessed considerable growth due to adoption of power efficient electronic devices. Ongoing industrial automation coupled with the industry 4.0 revolution is the major driving force of global low side switches market.
Due to current industry 4.0 revolution the low 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 low side switches.
The advanced automotive technologies such as rear-mounted radar, night vision with pedestrian detection, automatic high-beam control, parental control, GPS vehicle tracking, and others are completely transforming the automotive industry. Owing to these factors the low side switches market is expected to create new business growth opportunities for the low side switches manufacturers.
Further, low side switches are used to safely drive the current into inductive, capacitive, and resistive loads. At present the low side switches are completely transforming the hash automotive environment and providing internal power control into vehicles. Furthermore, global demand for the power control devices is fueling the growth of the low side switches market across the globe.
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Drivers & Challenges
Increasing demand for the smart switches from automotive industry is positively supporting the growth of the low side switches market. The automotive industry is one of the prominent segment for the low side switches manufacturers. Further, the rinsing demand from the various industries, where the low side switches are widely used for various automation applications will boost the growth of the global low side switches market.
The low side switches have a wide area application in robotics, general load management, electric drives and others. Higher adoption of Low Side switches in these areas is going to upsurge the demand for the low side switches market during the forecast timespan.
In parallel, the end user demand for the low price low side switches may create a challenge for the low side switches market. Macroeconomic situations such as currency exchange rates and economic difficulties and worldwide financial uncertainty and are some of the major factors which are hindering the growth of low side switches Market.
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Segmentation on the basis of End-user:
The prominent players in the global low side switches market are: New Japan Radio, STMicroelectronics, Infineon Technologies, NXP Semiconductors, Analog Devices, Texas Instruments, ON Semiconductor, ROHM, Microchip Technology, Diodes, Maxim, and other low side switches manufacturers.
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Based on the region, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and Others of APAC, and Middle East & Africa. Due to rapid technological advancements in U.S. and Canada and presence of various established and growing players, the North America region is estimated to have highest market share for the low side switches market.
The region is undergoing with adoption of advanced and next generation industrial technologies which one of the major factor which is surging the growth of the low 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 compare to other region.
Owing to this factor the low side switches market in North America is expected to create new business opportunities for the low side switches manufacturers. On the other side, due to presence of global automotive companies in Europe, the European countries will be a key source of demand for the low side switches manufacturers.
Due to rising adoption of industrial automation components in India and China, The Asia Pacific low side switches market is expected to grow with a double digit growth rate during the forecast period.
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
