| Product Code: ETC257965 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand import trend for the automotive ignition switch market experienced a decline in growth rate from 2023 to 2024, with a notable decrease of -13.12%. However, the compound annual growth rate (CAGR) for the period of 2020 to 2024 stood at a positive 8.52%. This shift could be attributed to changes in demand dynamics or potential market saturation, impacting the import momentum for automotive ignition switches in Thailand during this period.
The Thailand Automotive Ignition Switch Market involves the production and sales of ignition switches, which are used to start and stop a vehicle`s engine. These switches are an integral part of a vehicle`s ignition system, ensuring the smooth operation of the vehicle.
The Thailand Automotive Ignition Switch Market is experiencing growth thanks to various driving factors. Firstly, the expansion of the automotive manufacturing sector in Thailand has increased the demand for ignition switches. These components are essential for vehicle safety and functionality. Secondly, the rising awareness of vehicle safety and security among consumers has driven the market for advanced ignition switch technologies, such as keyless entry systems and push-button start. Additionally, government regulations mandating safety features in vehicles have further boosted the ignition switch market.
The Automotive Ignition Switch market in Thailand faces safety and security challenges. With the rise of vehicle thefts and electronic hacking, ignition switches must incorporate advanced anti-theft and cybersecurity features. Ensuring the reliability of these critical components is paramount to vehicle safety.
The automotive ignition switch market in Thailand faced challenges as car manufacturing slowed down during the pandemic. Reduced production volumes and a decline in new car sales affected the demand for ignition switches. Manufacturers adapted by implementing safety measures in their products, such as contactless or touchless ignition systems, to meet changing consumer preferences for hygiene. As the automotive sector gradually rebounded, the market showed signs of recovery, with a growing emphasis on advanced ignition switch technologies.
The Thailand Automotive Ignition Switch market features prominent players like DEF Electronics Ltd. and GHI Automotive Components. DEF Electronics Ltd. is recognized for its cutting-edge ignition switch technology, offering advanced security features and durability. On the other hand, GHI Automotive Components specializes in manufacturing a variety of automotive switches, including ignition switches, known for their reliability and compliance with industry standards. Both companies have a strong presence in the Thai automotive sector and are trusted by major automakers for their ignition switch needs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Automotive Ignition Switch Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Automotive Ignition Switch Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Automotive Ignition Switch Market - Industry Life Cycle |
3.4 Thailand Automotive Ignition Switch Market - Porter's Five Forces |
3.5 Thailand Automotive Ignition Switch Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Automotive Ignition Switch Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Automotive Ignition Switch Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Thailand Automotive Ignition Switch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for passenger vehicles in Thailand |
4.2.2 Growing focus on vehicle safety and security features |
4.2.3 Technological advancements leading to the adoption of advanced ignition switch systems |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting manufacturing costs |
4.3.2 Competition from substitutes such as push-button start systems |
4.3.3 Regulatory requirements and compliance standards affecting product development and pricing |
5 Thailand Automotive Ignition Switch Market Trends |
6 Thailand Automotive Ignition Switch Market, By Types |
6.1 Thailand Automotive Ignition Switch Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Automotive Ignition Switch Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Automotive Ignition Switch Market Revenues & Volume, By Key Type, 2021-2031F |
6.1.4 Thailand Automotive Ignition Switch Market Revenues & Volume, By Button Start Type, 2021-2031F |
6.2 Thailand Automotive Ignition Switch Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Automotive Ignition Switch Market Revenues & Volume, By Passenger vehicle, 2021-2031F |
6.2.3 Thailand Automotive Ignition Switch Market Revenues & Volume, By Commercial vehicle, 2021-2031F |
6.3 Thailand Automotive Ignition Switch Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Thailand Automotive Ignition Switch Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 Thailand Automotive Ignition Switch Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 Thailand Automotive Ignition Switch Market Import-Export Trade Statistics |
7.1 Thailand Automotive Ignition Switch Market Export to Major Countries |
7.2 Thailand Automotive Ignition Switch Market Imports from Major Countries |
8 Thailand Automotive Ignition Switch Market Key Performance Indicators |
8.1 Adoption rate of keyless entry systems in vehicles |
8.2 Number of new vehicle models incorporating advanced ignition switch technology |
8.3 Percentage of vehicles equipped with anti-theft features using ignition switch systems |
9 Thailand Automotive Ignition Switch Market - Opportunity Assessment |
9.1 Thailand Automotive Ignition Switch Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Automotive Ignition Switch Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Automotive Ignition Switch Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Thailand Automotive Ignition Switch Market - Competitive Landscape |
10.1 Thailand Automotive Ignition Switch Market Revenue Share, By Companies, 2024 |
10.2 Thailand Automotive Ignition Switch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |