Market Overview:
The global microswitch 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 electronic equipment, rising disposable income, and technological advancements. In terms of type, the standard type segment is expected to hold the largest share of the global microswitch market during the forecast period. This can be attributed to its low cost and wide availability. However, with technological advancements, ultraminiature type switches are gaining popularity as they offer better performance than standard type switches.
Product Definition:
A microswitch is a type of switch that is small in size, making it ideal for use in compact electronic devices. Microswitches are used extensively in computer keyboards and industrial control systems.
Standard Type:
The standard type is used in micro switches market owing to its properties such as low cost, reliability and easy maintenance. It has a small stem that can be pressed by the finger or any other conductive object for turning on or off the current flow. The most commonly used standard types are momentary and toggle switch which have only two positions like ON/OFF whereas others have more than two position options like DIP (Dual In-line Position) switch, Momentary push button switch etc.
Ultraminiature Type:
Ultraminiature type is a class of miniature electronic components with features at the nanoscale level. It has applications in microelectronics, optoelectronics and spintronics industries. The most common application of this type of component is in biosensors as it exhibits properties such as high surface area, low mass and volume along with easy detection by biological systems.
Application Insights:
In terms of revenue, the electronic equipment segment dominated the global microswitch market in 2017. This is attributed to increasing use of microswitches in various consumer electronics products such as smartphones, laptops and tablets, home appliances, etc. In addition, rising demand for energy-efficient products is expected to drive product demand over the forecast period.
The instrument segment accounted for a significant share in 2017 owing to extensive use of microswitches in industrial applications such as laboratory instruments and test & measuring equipment. These switches are used where a small movement or touch actuation is required which can be performed by even an infant due to their ultra-small size thus making them ideal for instrument panel buttons on aircrafts and spacecrafts among others.
Regional Analysis:
Asia Pacific region is expected to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to increasing demand for consumer electronics and industrial equipment in emerging economies such as China, India, and Japan. In addition, rising disposable income coupled with rapid urbanization has resulted in increased penetration of these switches across various applications including household appliances, lighting & power systems.
The Asia Pacific region is home to several key players including Nidec Corporation; Sinosecu Corporation; Fujitsu Ltd.; Panasonic Electric Works Co., Ltd.; Mitsubishi Electric Factory Automation Systems Inc.; Yokogawa Electric Corp., etc. These companies are focusing on deploying their manufacturing facilities in APAC due to low labor costs along with availability of cheap source materials such as rare earth elements (REE). This strategy is likely to pay off by enabling them gain a competitive edge over other manufacturers globally.
Growth Factors:
- Increasing demand from the automotive industry for microswitches in safety-critical applications such as airbags and power windows.
- Growing demand for microswitches in the consumer electronics sector, especially for portable devices such as smartphones and tablets.
- Increasing use of microswitches in industrial automation applications due to their reliability and low cost.
- Proliferation of smart homes and Internet of Things (IoT) devices, which are driving demand for microswitch-based sensors and controls.
- Emerging markets such as China and India are expected to be key growth drivers for the global microswitch market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Microswitch Market Research Report
By Type
Standard Type, Ultraminiature Type, Sub-miniature Type
By Application
Electronic Equipment, Instrument, Power System, Appliances Equipment, Others
By Companies
Omron, Alps, Johnson Electric(Burgess), Panasonic, TROX, ZIPPY, Honeywell, CHERRY, SCI, C&K, Salecom, Camsco, Solteam, Tend, NTE, Kaihua, TTC, Tengfei, Xurui, 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Microswitch Market Report Segments:
The global Microswitch market is segmented on the basis of:
Types
Standard Type, Ultraminiature Type, Sub-miniature 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, Instrument, Power System, Appliances Equipment, 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
- Alps
- Johnson Electric(Burgess)
- Panasonic
- TROX
- ZIPPY
- Honeywell
- CHERRY
- SCI
- C&K
- Salecom
- Camsco
- Solteam
- Tend
- NTE
- Kaihua
- TTC
- Tengfei
- Xurui
- Greetech
Highlights of The Microswitch 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:
- Standard Type
- Ultraminiature Type
- Sub-miniature Type
- By Application:
- Electronic Equipment
- Instrument
- Power System
- Appliances Equipment
- 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 Microswitch 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Microswitch is a small, low-cost switch that can be used to control the flow of electricity in electronic devices.
Some of the key players operating in the microswitch market are Omron, Alps, Johnson Electric(Burgess), Panasonic, TROX, ZIPPY, Honeywell, CHERRY, SCI, C&K, Salecom, Camsco, Solteam, Tend, NTE, Kaihua, TTC, Tengfei, Xurui, Greetech.
The microswitch market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microswitch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microswitch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microswitch Market - Supply Chain
4.5. Global Microswitch Market Forecast
4.5.1. Microswitch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microswitch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microswitch Market Absolute $ Opportunity
5. Global Microswitch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microswitch Market Size and Volume Forecast by Type
5.3.1. Standard Type
5.3.2. Ultraminiature Type
5.3.3. Sub-miniature Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microswitch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microswitch Market Size and Volume Forecast by Application
6.3.1. Electronic Equipment
6.3.2. Instrument
6.3.3. Power System
6.3.4. Appliances Equipment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microswitch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microswitch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microswitch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microswitch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microswitch Demand Share Forecast, 2019-2026
9. North America Microswitch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microswitch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microswitch Market Size and Volume Forecast by Application
9.4.1. Electronic Equipment
9.4.2. Instrument
9.4.3. Power System
9.4.4. Appliances Equipment
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microswitch Market Size and Volume Forecast by Type
9.7.1. Standard Type
9.7.2. Ultraminiature Type
9.7.3. Sub-miniature Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microswitch Demand Share Forecast, 2019-2026
10. Latin America Microswitch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microswitch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microswitch Market Size and Volume Forecast by Application
10.4.1. Electronic Equipment
10.4.2. Instrument
10.4.3. Power System
10.4.4. Appliances Equipment
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microswitch Market Size and Volume Forecast by Type
10.7.1. Standard Type
10.7.2. Ultraminiature Type
10.7.3. Sub-miniature Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microswitch Demand Share Forecast, 2019-2026
11. Europe Microswitch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microswitch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microswitch Market Size and Volume Forecast by Application
11.4.1. Electronic Equipment
11.4.2. Instrument
11.4.3. Power System
11.4.4. Appliances Equipment
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microswitch Market Size and Volume Forecast by Type
11.7.1. Standard Type
11.7.2. Ultraminiature Type
11.7.3. Sub-miniature Type
11.8. Basis Point Share (BPS)Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microswitch Demand Share, 2019-2026
12. Asia Pacific Microswitch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microswitch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microswitch Market Size and Volume Forecast by Application
12.4.1. Electronic Equipment
12.4.2. Instrument
12.4.3. Power System
12.4.4. Appliances Equipment
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microswitch Market Size and Volume Forecast by Type
12.7.1. Standard Type
12.7.2. Ultraminiature Type
12.7.3. Sub-miniature Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microswitch Demand Share, 2019-2026
13. Middle East & Africa Microswitch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microswitch Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microswitch Market Size and Volume Forecast by Application
13.4.1. Electronic Equipment
13.4.2. Instrument
13.4.3. Power System
13.4.4. Appliances Equipment
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microswitch Market Size and Volume Forecast by Type
13.7.1. Standard Type
13.7.2. Ultraminiature Type
13.7.3. Sub-miniature Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microswitch Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microswitch Market: Market Share Analysis
14.2. Microswitch Distributors and Customers
14.3. Microswitch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Omron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alps
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Johnson Electric(Burgess)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TROX
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZIPPY
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Honeywell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CHERRY
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SCI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. C&K
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Salecom
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Camsco
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Solteam
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tend
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. NTE
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kaihua
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TTC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Tengfei
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xurui
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Greetech
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
