Market Overview:
The global spring contacts 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 miniaturized and high-density devices, rising adoption of contactless technologies, and growing demand for smart devices. Based on type, the global spring contacts market is segmented into unidirectional and multidirectional contacts. The unidirectional segment is expected to account for the majority share of the global spring contacts market in 2018. This can be attributed to its low manufacturing cost and easy installation process as compared to multidirectional connectors.
Product Definition:
Spring contacts are a type of electrical connector that makes contact by flexing a spring-loaded arm. They are commonly used in low-power applications, such as sensors and switches, where the amount of current that needs to be transferred is small. Spring contacts can also be found in automotive applications, such as door locks and window regulators.
Unidirection:
Unidirectional (UD) is a type of spring contact, which has one leg longer than the other. The shorter leg is fixed to the support and the longer one can be wound around an object or a person. Unidirectional springs are used in applications such as airbags, seat belts and safety harnesses where only one end of the spring can be wound around an object or person.
Multidirection:
Multidirection is a property of the spring contacts that allows them to be bent in more than one way. It helps in increasing the flexibility of springs and reduces their size which results into reduced weight, cost and improved performance. Multidirectional Spring Contacts are widely used for applications such as automobile suspension, seat belt tensioners, load limiters among others.
Application Insights:
The mobile Decoder/Decoder segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to an increase in demand for advanced mobile phones, which offer features such as GPS and compass. These phones also have a built-in spring contactless payment system that makes it easier for consumers to pay by touching their phone against a reader at stores, thereby eliminating the need to carry cash or credit cards.
The other applications segment includes indoor location technology used in tracking valuable items among others. Indoor location technology uses triangulation method between three devices iBeacon, Wi-Fi positioning and GSM/LTE cell tower locations to determine position of device indoors).
Regional Analysis:
Asia Pacific region dominated the global market in 2017. The regional growth is accredited to the increasing number of subscribers, coupled with rising demand for wireless devices such as smartphones and tablets. Furthermore, growing penetration of 2G, 3G and 4G networks has led to an upsurge in the demand for location-based services that are essential for modern day life. This factor is anticipated to drive regional growth over the forecast period.
Europe was estimated as a major consumer due to high disposable income per capita along with increased adoption of technology among consumers aged between 25 and 34 years old group (BFSI). North America region accounted for over 20% revenue share owing to high level of smartphone penetration along with rapid development in IoT technologies across various industries such as healthcare & medical, automotive etc.
Growth Factors:
- Increasing demand for contact lenses as a result of growing awareness about the benefits of using contacts over eyeglasses
- Proliferation of online retailers and e-commerce platforms that offer discounts on contact lenses, which has made it easier for consumers to purchase contacts
- Growing demand from emerging markets, where the population is increasingly becoming aware of the benefits of using contact lenses over eyeglasses
- Rising incidence rates of eye diseases and vision problems, which is driving consumers to seek out better alternatives such as contact lenses
- Advances in lens technology and materials that have led to the development of new types of contacts that offer greater comfort and convenience
Scope Of The Report
Report Attributes
Report Details
Report Title
Spring Contacts Market Research Report
By Type
Unidirection, Multidirection
By Application
Mobile Decives, Pos Tracking, Others
By Companies
Globetech, Kurt Meder, Harwin, TE Connectivit, AJATO, Elma Electronic, Preci-dip, Mill-Max
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Spring Contacts Market Report Segments:
The global Spring Contacts market is segmented on the basis of:
Types
Unidirection, Multidirection
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
Mobile Decives, Pos Tracking, 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:
- Globetech
- Kurt Meder
- Harwin
- TE Connectivit
- AJATO
- Elma Electronic
- Preci-dip
- Mill-Max
Highlights of The Spring Contacts 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:
- Unidirection
- Multidirection
- By Application:
- Mobile Decives
- Pos Tracking
- 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 Spring Contacts 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
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- Product & Brand Management
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- 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?
Spring contacts are a type of contact lens that are designed to help reduce the amount of glare and reflections from surfaces. They can be helpful for people who work in bright environments or who have difficulty wearing sunglasses.
Some of the major players in the spring contacts market are Globetech, Kurt Meder, Harwin, TE Con​​nectivit, AJATO, Elma Electronic, Preci-dip, Mill-Max.
The spring contacts 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 Spring Contacts 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 Spring Contacts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spring Contacts 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 Spring Contacts 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 Spring Contacts Market Size & Forecast, 2020-2028
4.5.1 Spring Contacts Market Size and Y-o-Y Growth
4.5.2 Spring Contacts 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 Unidirection
5.2.2 Multidirection
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 Mobile Decives
6.2.2 Pos Tracking
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spring Contacts 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 Spring Contacts 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 Unidirection
9.6.2 Multidirection
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 Mobile Decives
9.10.2 Pos Tracking
9.10.3 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 Unidirection
10.6.2 Multidirection
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 Mobile Decives
10.10.2 Pos Tracking
10.10.3 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 Unidirection
11.6.2 Multidirection
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 Mobile Decives
11.10.2 Pos Tracking
11.10.3 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 Unidirection
12.6.2 Multidirection
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 Mobile Decives
12.10.2 Pos Tracking
12.10.3 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 Unidirection
13.6.2 Multidirection
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 Mobile Decives
13.10.2 Pos Tracking
13.10.3 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 Spring Contacts Market: Competitive Dashboard
14.2 Global Spring Contacts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Globetech
14.3.2 Kurt Meder
14.3.3 Harwin
14.3.4 TE Connectivit
14.3.5 AJATO
14.3.6 Elma Electronic
14.3.7 Preci-dip
14.3.8 Mill-Max
