Market Overview:
The global precision limit switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision limit switches from various end-use industries, such as aerospace, military and defense, industrial, and others. In addition, the growing demand for miniaturized and hermetic switches is also contributing to the growth of this market.
Product Definition:
Precision limit switches are devices that are used to detect the presence or absence of an object at a specific point in space. They are often used in industrial applications to control the motion of machinery. Precision limit switches can be very important for ensuring the safety of workers and preventing damage to equipment.
Precision Mechanical Switches:
Precision mechanical switches are used in the manufacturing of limit switches. They are available in two forms, including leaf and stem. The product is manufactured using a combination of aluminum and steel; hence it has high durability as compared to other products available in the market. It also offers resistance to water, oil, grease & dust thus making it suitable for industrial applications where precision is required under extreme conditions.
Precision Position Switches:
Precision position switches are used in precision limit switches market. It is a type of semiconductor switch that has two terminals and three contact points, which are used to provide precise positioning control for electronic devices such as motors, relays, solenoids and other systems. The system can be bifurcated into two sections; namely on-state and off-state or it can be inactivated completely by using diodes or transistors as an intermediate element.
Application Insights:
The aerospace application segment led the market and accounted for more than a 29% share of the global revenue in 2017. The growing demand for high-precision switches in aircraft is expected to drive the demand over the forecast period. The increasing number of commercial aircraft deliveries, coupled with rising passenger traffic, is anticipated to augment industry growth over the coming years.
The industrial application segment was valued at more than USD 1 billion in 2017 and is projected to witness significant growth during the forecast period owing to an increase in automation technologies across various industries such as oil & gas, manufacturing, etc. Furthermore, an increase in production capacities across key economies including China India and America are likely to propel industry expansion over next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. Growing industrialization coupled with increasing defense spending by governments in Asia Pacific countries such as India and China are likely to drive the demand for limit switches in industrial applications. Moreover, rising investments by companies such as Boeing and Airbus for manufacturing new aircraft are expected to propel market growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive industry for precision limit switches as a safety measure.
- Growing demand for miniaturized limit switches in consumer electronics and medical devices.
- Rising popularity of programmable limit switches that can be customized to meet specific application requirements.
- Proliferation of Internet of Things (IoT) and smart factories, which is driving the need for more advanced and reliable limit switches.
- Growing awareness about the benefits of using precision limit switches in various industrial applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Limit Switches Market Research Report
By Type
Precision Mechanical Switches, Precision Position Switches, Precision Hermetic Switches
By Application
Aerospace, Military and Defense, Industrial, Other
By Companies
OMRON, Baumer, Metrol, Honeywell, Omega Engineering, Eaton, Rockwell Automation
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Precision Limit Switches Market Report Segments:
The global Precision Limit Switches market is segmented on the basis of:
Types
Precision Mechanical Switches, Precision Position Switches, Precision Hermetic Switches
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
Aerospace, Military and Defense, Industrial, 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:
- OMRON
- Baumer
- Metrol
- Honeywell
- Omega Engineering
- Eaton
- Rockwell Automation
Highlights of The Precision Limit Switches 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:
- Precision Mechanical Switches
- Precision Position Switches
- Precision Hermetic Switches
- By Application:
- Aerospace
- Military and Defense
- Industrial
- 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 Precision Limit Switches 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?
Precision limit switches are a type of electrical switch that can detect and respond to very small changes in voltage or current. They are often used in industrial applications, such as controlling the flow of electricity through motors or other devices.
Some of the major companies in the precision limit switches market are OMRON, Baumer, Metrol, Honeywell, Omega Engineering, Eaton, Rockwell Automation.
The precision limit switches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Limit Switches 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 Precision Limit Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Limit Switches 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 Precision Limit Switches 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 Precision Limit Switches Market Size & Forecast, 2020-2028
4.5.1 Precision Limit Switches Market Size and Y-o-Y Growth
4.5.2 Precision Limit Switches 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 Precision Mechanical Switches
5.2.2 Precision Position Switches
5.2.3 Precision Hermetic Switches
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 Aerospace
6.2.2 Military and Defense
6.2.3 Industrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Limit Switches 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 Precision Limit Switches 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 Precision Mechanical Switches
9.6.2 Precision Position Switches
9.6.3 Precision Hermetic Switches
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 Aerospace
9.10.2 Military and Defense
9.10.3 Industrial
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 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 Precision Mechanical Switches
10.6.2 Precision Position Switches
10.6.3 Precision Hermetic Switches
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 Aerospace
10.10.2 Military and Defense
10.10.3 Industrial
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 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 Precision Mechanical Switches
11.6.2 Precision Position Switches
11.6.3 Precision Hermetic Switches
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 Aerospace
11.10.2 Military and Defense
11.10.3 Industrial
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 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 Precision Mechanical Switches
12.6.2 Precision Position Switches
12.6.3 Precision Hermetic Switches
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 Aerospace
12.10.2 Military and Defense
12.10.3 Industrial
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) 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 Precision Mechanical Switches
13.6.2 Precision Position Switches
13.6.3 Precision Hermetic Switches
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 Aerospace
13.10.2 Military and Defense
13.10.3 Industrial
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 Precision Limit Switches Market: Competitive Dashboard
14.2 Global Precision Limit Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OMRON
14.3.2 Baumer
14.3.3 Metrol
14.3.4 Honeywell
14.3.5 Omega Engineering
14.3.6 Eaton
14.3.7 Rockwell Automation
