Market Overview:
The global high precision contact market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high precision contacts in various applications such as electronics, manufacture, and automobile. In addition, the growing demand for miniaturization and higher accuracy in devices is also fueling the growth of this market. Based on type, the global high precision contact market can be segmented into gold contacts, silver contacts, copper contacts, platinum contacts, and other types. Gold is a preferred material for making high precision contacts due to its superior electrical and thermal properties. It is also non-corrosive in nature and does not require any special surface treatment before use. Silver is another popular material used for making high precision contacts as it has good electrical conductivity properties. Copper has good mechanical properties and low cost compared to other materials used for making high precision contacts; hence it is widely used in mass production applications.
Product Definition:
A high precision contact is a component of a machine that allows two surfaces to come into very close contact with each other. This type of contact is important for ensuring that the surfaces are aligned correctly and that there is no interference between them.
Gold:
Gold is a naturally occurring element, which has the highest electrical and thermal conductivity among all metals. It also exhibits high corrosion resistance, malleability, and softness. These properties have made it one of the most precious metals in the world. Gold is alloyed with various other metals to improve its specific properties for use in electronics or as an investment commodity.
Silver:
The global silver market size was valued at USD 10.00 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand across various application industries including medical, electronics, and chemical. The growing population base coupled with rising health awareness among consumers is anticipated to propel the usage of medical devices thereby fueling industry growth over the next eight years.
Application Insights:
The electronics segment accounted for the largest share in 2015 and is anticipated to continue its dominance over the forecast period. The growth of this application can be attributed to growing demand for high precision components such as microcontrollers, programmable timer, digital signal processors and other electronic devices. These electronic devices require a high degree of accuracy during manufacturing process which is facilitated by metal-to-metal contact technology.
Manufacture was the second largest segment in 2015 owing to increasing use of HPC in manufacturing processes such as CNC machining, 3D printing etcetera. Components that are used extensively across various industries include industrial robots along with sensors that make use of force sensors or touch sensors or proximity detectors etcetera; these components need ultra-precision metallurgical solutions which are offered through HPC technologies thereby driving its demand globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing investments in various industries, such as aerospace and defense, automotive, healthcare equipment and medical devices. In addition, rising demand for consumer electronics products with improved performance characteristics is anticipated to drive the regional market growth over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to high investments in research & development activities by major companies operating within this region. Moreover, growing adoption of technologies pertaining to measurement uncertainty reduction will have a positive impact on industry growth over the next eight years.
The U.S., being one of the most developed countries globally has been witnessing rapid technological advancements across various sectors including manufacturing and service industries since last few decades which has led it into becoming an industrial as well as a technology hub par excellence worldwide; hence driving its High Precision Contact Market by Application from other sector extensively (TEC).
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand for high-precision contact lenses
- Growing popularity of 3D printing technology
- Proliferation of the Internet of Things (IoT) and connected devices
- Advances in semiconductor fabrication technology
Scope Of The Report
Report Attributes
Report Details
Report Title
High Precision Contact Market Research Report
By Type
Gold, Silver, Copper, Platinum, Other
By Application
Electronics, Manufacture, Automobile, Other
By Companies
Norstan, Lemco, MW Industries, Precision Micro, Yuyao Seehao Vacuum Technolgoy, Fischer Elektronik, CHOKSI, Deringer-Ney, Brainin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global High Precision Contact Market Report Segments:
The global High Precision Contact market is segmented on the basis of:
Types
Gold, Silver, Copper, Platinum, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics, Manufacture, Automobile, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Norstan
- Lemco
- MW Industries
- Precision Micro
- Yuyao Seehao Vacuum Technolgoy
- Fischer Elektronik
- CHOKSI
- Deringer-Ney
- Brainin
Highlights of The High Precision Contact Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gold
- Silver
- Copper
- Platinum
- Other
- By Application:
- Electronics
- Manufacture
- Automobile
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Precision Contact Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High precision contact is a type of manufacturing process that uses high-precision tools and machines to produce parts with tight tolerances. This process allows for the creation of parts that are more accurate and reliable, which can lead to improved performance.
Some of the major players in the high precision contact market are Norstan, Lemco, MW Industries, Precision Micro, Yuyao Seehao Vacuum Technolgoy, Fischer Elektronik, CHOKSI, Deringer-Ney, Brainin.
The high precision contact market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Precision Contact Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Precision Contact Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Precision Contact Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Precision Contact Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Precision Contact Market Size & Forecast, 2018-2028
4.5.1 High Precision Contact Market Size and Y-o-Y Growth
4.5.2 High Precision Contact Market Absolute $ Opportunity
Chapter 5 Global High Precision Contact Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Precision Contact Market Size Forecast by Type
5.2.1 Gold
5.2.2 Silver
5.2.3 Copper
5.2.4 Platinum
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Precision Contact Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Precision Contact Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Manufacture
6.2.3 Automobile
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Precision Contact Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Precision Contact Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Precision Contact Analysis and Forecast
9.1 Introduction
9.2 North America High Precision Contact Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Precision Contact Market Size Forecast by Type
9.6.1 Gold
9.6.2 Silver
9.6.3 Copper
9.6.4 Platinum
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Precision Contact Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Manufacture
9.10.3 Automobile
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Precision Contact Analysis and Forecast
10.1 Introduction
10.2 Europe High Precision Contact Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Precision Contact Market Size Forecast by Type
10.6.1 Gold
10.6.2 Silver
10.6.3 Copper
10.6.4 Platinum
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Precision Contact Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Manufacture
10.10.3 Automobile
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Precision Contact Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Precision Contact Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Precision Contact Market Size Forecast by Type
11.6.1 Gold
11.6.2 Silver
11.6.3 Copper
11.6.4 Platinum
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Precision Contact Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Manufacture
11.10.3 Automobile
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Precision Contact Analysis and Forecast
12.1 Introduction
12.2 Latin America High Precision Contact Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Precision Contact Market Size Forecast by Type
12.6.1 Gold
12.6.2 Silver
12.6.3 Copper
12.6.4 Platinum
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Precision Contact Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Manufacture
12.10.3 Automobile
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Precision Contact Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Precision Contact Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Precision Contact Market Size Forecast by Type
13.6.1 Gold
13.6.2 Silver
13.6.3 Copper
13.6.4 Platinum
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Precision Contact Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Manufacture
13.10.3 Automobile
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Precision Contact Market: Competitive Dashboard
14.2 Global High Precision Contact Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Norstan
14.3.2 Lemco
14.3.3 MW Industries
14.3.4 Precision Micro
14.3.5 Yuyao Seehao Vacuum Technolgoy
14.3.6 Fischer Elektronik
14.3.7 CHOKSI
14.3.8 Deringer-Ney
14.3.9 Brainin
