In this paper, we consider the following predator-prey system with defense switching mechanism and density-suppressed dispersal strategy $ \begin{equation*} \begin{cases} u_t = \Delta(d_1(w)u)+\frac{\beta_1 uvw}{u+v}-\alpha_1 u, & x\in \Omega, \; \; t>0, \\ v_t = \Delta(d_2(w)v)+\frac{\beta_2 uvw}{u+v}-\alpha_2 v, & x\in \Omega, \; \; t>0, \\ w_t = \Delta w-\frac{\beta_3 uvw}{u+v}+\sigma w\left(1-\frac{w}{K}\right), & x\in \Omega, \; \; t>0, \\ \frac{\partial u}{\partial \nu} = \frac{\partial v}{\partial \nu} = \frac{\partial w}{\partial \nu} = 0, & x\in\partial\Omega, \; \; t>0, \\ (u, v, w)(x, 0) = (u_0, v_0, w_0)(x), & x\in\Omega, \ \end{cases} \end{equation*} $ where $ \Omega\subset{\mathbb{R}}^2 $ is a bounded domain with smooth boundary. Based on the method of energy estimates and Moser iteration, we establish the existence of global classical solutions with uniform-in-time boundedness. We further prove the global stability of co-existence equilibrium by using the Lyapunov functionals and LaSalle's invariant principle. Finally we conduct linear stability analysis and perform numerical simulations to illustrate that the density-suppressed dispersal may trigger the pattern formation.