Market Overview:
The global rocker switch 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 automotive and engineering vehicles, and rising consumer awareness about safety features in vehicles. Based on type, the global rocker switch market is segmented into single-pole and multipole switches. The single-pole segment is expected to account for a larger share of the market in 2018 owing to its low cost and easy installation. However, the multipole segment is projected to grow at a higher CAGR during the forecast period as it offers more features than single-pole switches. Based on application, the global rocker switch market is divided into automotive, engineering vehicles, SUVs, and other applications. The automotive segment accounted for majority of the share in 2017 due to increasing demand for passenger cars across regions.
Product Definition:
A rocker switch is a type of electrical switch that is activated by being rocked up and down. They are commonly used to control lights, motors, or other devices.
Single-pole Rocker Switch:
Single-pole rocker switch is a type of electrical switch that has only one pole, which is used to control the current flow. The term “single-pole” in this case does not mean that there are only two positions, but rather than having more than two poles like most other switches do. Single-pole rocker switches are often used where a low amperage load is present and the switching time needs to be reduced.
Multipole Rocker Switch:
Multipole rocker switch is a type of electrical switch that consists of multiple poles. It has two or more sets of normally closed electrical contacts that are used to complete an circuit when the current is flowing. Multipole rocker switches have many uses in industries such as power generation, oil & gas, and manufacturing etc.
The multipole rocker switch market size was valued at USD 1.6 billion in 2015.
Application Insights:
Automotive application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth during the forecast period. The growing automotive industry, particularly in developing regions such as Asia Pacific and Latin America is anticipated to boost product demand over the forecast period. Engineering vehicles including trucks, tractors, buses among others are major applications that utilize rocker switches for on/off control of electric motors or other mechanical components. Rocker switches are also used for controlling lights or other electrical appliances within a vehicle¢â‚¬â„¢s cabin area which includes air-conditioning systems, lighting equipment and entertainment systems among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rising adoption in various applications including manufacturing, automation, transportation, electrical & electronics and others. The growing number of manufacturing facilities in the region is anticipated to boost product demand over the forecast period.
The growth can also be attributed to increasing government initiatives for use in developing countries such as China and India along with favorable regulations aimed at promoting energy conservation that are encouraging installation of these switches across industries for reducing electricity consumption costs among other benefits. Moreover, rapid urbanization coupled with increased infrastructure spending by governments has led manufacturers active within this industry segmented into different regions such as North America, Europe or Asia Pacific etc.,to increase their production capacities which will further drive product demand over the next eight years or so till 2030 globally speaking.
Growth Factors:
- Increasing demand from the automotive industry for switches with enhanced performance and features.
- Growing demand for rocker switches from the consumer electronics sector, owing to their increasing use in portable devices such as smartphones and tablets.
- Rising popularity of LED lighting, which is boosting the demand for rocker switches with LED backlighting capabilities.
- Proliferation of smart homes and connected devices, which is leading to an increase in the adoption of rocker switches with advanced control features.
- Growing investments in research and development by switch manufacturers to develop innovative products that cater to specific needs of different end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Rocker Switch Market Research Report
By Type
Single-pole Rocker Switch, Multipole Rocker Switch
By Application
Automotive, Engineering vehicles, Suvs, other
By Companies
ABB, ETI, Arcolectric, OTTO Engineering, Matsushita Electric Works, Omron, Eaton, Emerson, TECHNOLIT GmbH, Sensata Technologies, ABB, TE Connectivity, Leviton, ALPS Electric, Schaltbau, Carling Technologies, Siemens, Marquardt Mechatronik GmbH, MEC Corporation, Everel Group, Single-pole Rocker Switch, Multipole Rocker Switch, E-SWITCH
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
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Rocker Switch Market Report Segments:
The global Rocker Switch market is segmented on the basis of:
Types
Single-pole Rocker Switch, Multipole Rocker Switch
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
Automotive, Engineering vehicles, Suvs, 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:
- ABB
- ETI
- Arcolectric
- OTTO Engineering
- Matsushita Electric Works
- Omron
- Eaton
- Emerson
- TECHNOLIT GmbH
- Sensata Technologies
- ABB
- TE Connectivity
- Leviton
- ALPS Electric
- Schaltbau
- Carling Technologies
- Siemens
- Marquardt Mechatronik GmbH
- MEC Corporation
- Everel Group
- Single-pole Rocker Switch
- Multipole Rocker Switch
- E-SWITCH
Highlights of The Rocker 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:
- Single-pole Rocker Switch
- Multipole Rocker Switch
- By Application:
- Automotive
- Engineering vehicles
- Suvs
- 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 Rocker 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:
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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 rocker switch is a type of electrical switch that allows you to turn on or off an electrical current by moving the switch back and forth.
Some of the major companies in the rocker switch market are ABB, ETI, Arcolectric, OTTO Engineering, Matsushita Electric Works, Omron, Eaton, Emerson, TECHNOLIT GmbH, Sensata Technologies, ABB, TE Connectivity, Leviton, ALPS Electric, Schaltbau, Carling Technologies, Siemens, Marquardt Mechatronik GmbH, MEC Corporation, Everel Group, Single-pole Rocker Switch, Multipole Rocker Switch, E-SWITCH.
The rocker 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 Rocker 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 Rocker Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rocker 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 Rocker 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 Rocker Switch Market Size & Forecast, 2018-2028
4.5.1 Rocker Switch Market Size and Y-o-Y Growth
4.5.2 Rocker Switch Market Absolute $ Opportunity
Chapter 5 Global Rocker Switch 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 Rocker Switch Market Size Forecast by Type
5.2.1 Single-pole Rocker Switch
5.2.2 Multipole Rocker Switch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Rocker Switch 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 Rocker Switch Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Engineering vehicles
6.2.3 Suvs
6.2.4 other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rocker 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 Rocker 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 Rocker Switch Analysis and Forecast
9.1 Introduction
9.2 North America Rocker Switch 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 Rocker Switch Market Size Forecast by Type
9.6.1 Single-pole Rocker Switch
9.6.2 Multipole Rocker Switch
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 Rocker Switch Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Engineering vehicles
9.10.3 Suvs
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 Rocker Switch Analysis and Forecast
10.1 Introduction
10.2 Europe Rocker Switch 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 Rocker Switch Market Size Forecast by Type
10.6.1 Single-pole Rocker Switch
10.6.2 Multipole Rocker Switch
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 Rocker Switch Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Engineering vehicles
10.10.3 Suvs
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 Rocker Switch Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Rocker Switch 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 Rocker Switch Market Size Forecast by Type
11.6.1 Single-pole Rocker Switch
11.6.2 Multipole Rocker Switch
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 Rocker Switch Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Engineering vehicles
11.10.3 Suvs
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 Rocker Switch Analysis and Forecast
12.1 Introduction
12.2 Latin America Rocker Switch 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 Rocker Switch Market Size Forecast by Type
12.6.1 Single-pole Rocker Switch
12.6.2 Multipole Rocker Switch
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 Rocker Switch Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Engineering vehicles
12.10.3 Suvs
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) Rocker Switch Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Rocker Switch 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) Rocker Switch Market Size Forecast by Type
13.6.1 Single-pole Rocker Switch
13.6.2 Multipole Rocker Switch
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) Rocker Switch Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Engineering vehicles
13.10.3 Suvs
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 Rocker Switch Market: Competitive Dashboard
14.2 Global Rocker Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 ETI
14.3.3 Arcolectric
14.3.4 OTTO Engineering
14.3.5 Matsushita Electric Works
14.3.6 Omron
14.3.7 Eaton
14.3.8 Emerson
14.3.9 TECHNOLIT GmbH
14.3.10 Sensata Technologies
14.3.11 ABB
14.3.12 TE Connectivity
14.3.13 Leviton
14.3.14 ALPS Electric
14.3.15 Schaltbau
14.3.16 Carling Technologies
14.3.17 Siemens
14.3.18 Marquardt Mechatronik GmbH
14.3.19 MEC Corporation
14.3.20 Everel Group
14.3.21 Single-pole Rocker Switch
14.3.22 Multipole Rocker Switch
14.3.23 E-SWITCH
