Market Overview:
The global micro switch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for micro switches in electronic equipment, instrumentation, automotive electronics, and industrial security applications. Additionally, the growing demand for miniaturized devices is also contributing to the growth of the global micro switch market. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A micro switch is a type of electrical switch that is small in size. It is often used in devices such as doorbells, thermostats, and vending machines. The importance of micro switches lies in their ability to control smaller devices with precision.
Regular Type:
Regular type is also known as straight-through wire. It is a single core, insulated electrical conductor that has one end connected to the positive terminal of the battery and other end connected to the negative terminal of another battery. The switchboard operator uses this wire for making connections between two batteries in order to charge one or discharge other from electric power supply system.
Small Type:
Small type is also known as micro switch. It is a device used to activate or deactivate an electrical circuit by means of a movable contact. The small size and portability of these switches make them ideal for applications where larger, heavier, and more expensive devices are inappropriate or undesirable such as toys, home appliances, portable instruments like music boxes and metronomes; watches; games; etc.
Application Insights:
The electronic equipment segment dominated the global market in 2017. This is attributed to the growing demand for micro switches in various consumer electronics devices, such as smartphones, laptops and tablets. The instrumentation segment is expected to witness lucrative growth over the forecast period owing to an increase in industrial production across developing countries of Asia Pacific and Latin America.
Automotive electronics also accounted for a significant share of 13.5% in 2017 due to increasing demand from infotainment systems and electric vehicles applications worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The region is home to several key players who have been aggressively expanding their business in order to meet the growing demand from end-users. In addition, rising disposable income and improving standard of living are also expected to drive product demand in this region over the forecast period.
North America was estimated as the second largest regional market for micro switches after Asia Pacific with a share of more than 18%. The growth can be attributed primarily to high manufacturing volume and low cost structure associated with micro switches that make them suitable for use in numerous applications including consumer electronics, automotive electronics, industrial automation, etc.
Growth Factors:
- Increasing demand from the automotive industry for micro switches in vehicles for various applications such as door locks, power windows, and airbags.
- Growing demand from the consumer electronics sector for micro switches in portable devices such as smartphones and tablets.
- Rising popularity of smart homes and home automation systems, which is driving the need for micro switches in a variety of household appliances such as refrigerators, dishwashers, ovens, and air conditioners.
- Proliferation of Internet-of-Things (IoT) devices that require low-power consumption micro switches for their operation; this is expected to create significant growth opportunities for the market during the forecast period.
- Stringent government regulations mandating safety features in automobiles and consumer electronics products are propelling the adoption of micro switches across different application segments
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Switch Market Research Report
By Type
Regular Type, Small Type, Micro Type
By Application
Electronic Equipment, Instrumentation, Automotive Electronics, Industrial Security, Others
By Companies
Omron, Alpsalpine, Johnson Electric(Burgess), Panasonic, TORX, AIPPY, Honeywell, CHERRY, SCI, C&K, Salecom, Camsco, Solteam, Tend, Nte-international, Kailh, Ttc9, Yqtengfei, Chinaxurui, Greetech
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Micro Switch Market Report Segments:
The global Micro Switch market is segmented on the basis of:
Types
Regular Type, Small Type, Micro Type
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
Electronic Equipment, Instrumentation, Automotive Electronics, Industrial Security, Others
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:
- Omron
- Alpsalpine
- Johnson Electric(Burgess)
- Panasonic
- TORX
- AIPPY
- Honeywell
- CHERRY
- SCI
- C&K
- Salecom
- Camsco
- Solteam
- Tend
- Nte-international
- Kailh
- Ttc9
- Yqtengfei
- Chinaxurui
- Greetech
Highlights of The Micro Switch 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:
- Regular Type
- Small Type
- Micro Type
- By Application:
- Electronic Equipment
- Instrumentation
- Automotive Electronics
- Industrial Security
- Others
- 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 Micro Switch 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?
A micro switch is a small, often hand-held electronic switch used to control the flow of electricity. They are commonly found in devices such as remote controls and televisions.
Some of the major players in the micro switch market are Omron, Alpsalpine, Johnson Electric(Burgess), Panasonic, TORX, AIPPY, Honeywell, CHERRY, SCI, C&K, Salecom, Camsco, Solteam, Tend, Nte-international, Kailh, Ttc9, Yqtengfei, Chinaxurui, Greetech.
The micro switch 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 Micro Switch 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 Micro Switch Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Micro Switch 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 Micro Switch 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 Micro Switch Market Size & Forecast, 2020-2028 4.5.1 Micro Switch Market Size and Y-o-Y Growth 4.5.2 Micro Switch Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Regular Type
5.2.2 Small Type
5.2.3 Micro Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Electronic Equipment
6.2.2 Instrumentation
6.2.3 Automotive Electronics
6.2.4 Industrial Security
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Switch 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 Micro Switch 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Regular Type
9.6.2 Small Type
9.6.3 Micro Type
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 Market Size Forecast by Applications
9.10.1 Electronic Equipment
9.10.2 Instrumentation
9.10.3 Automotive Electronics
9.10.4 Industrial Security
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Regular Type
10.6.2 Small Type
10.6.3 Micro Type
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 Market Size Forecast by Applications
10.10.1 Electronic Equipment
10.10.2 Instrumentation
10.10.3 Automotive Electronics
10.10.4 Industrial Security
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Regular Type
11.6.2 Small Type
11.6.3 Micro Type
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 Market Size Forecast by Applications
11.10.1 Electronic Equipment
11.10.2 Instrumentation
11.10.3 Automotive Electronics
11.10.4 Industrial Security
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Regular Type
12.6.2 Small Type
12.6.3 Micro Type
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 Market Size Forecast by Applications
12.10.1 Electronic Equipment
12.10.2 Instrumentation
12.10.3 Automotive Electronics
12.10.4 Industrial Security
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Regular Type
13.6.2 Small Type
13.6.3 Micro Type
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) Market Size Forecast by Applications
13.10.1 Electronic Equipment
13.10.2 Instrumentation
13.10.3 Automotive Electronics
13.10.4 Industrial Security
13.10.5 Others
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 Micro Switch Market: Competitive Dashboard
14.2 Global Micro Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 Alpsalpine
14.3.3 Johnson Electric(Burgess)
14.3.4 Panasonic
14.3.5 TORX
14.3.6 AIPPY
14.3.7 Honeywell
14.3.8 CHERRY
14.3.9 SCI
14.3.10 C&K
14.3.11 Salecom
14.3.12 Camsco
14.3.13 Solteam
14.3.14 Tend
14.3.15 Nte-international
14.3.16 Kailh
14.3.17 Ttc9
14.3.18 Yqtengfei
14.3.19 Chinaxurui
14.3.20 Greetech