Market Overview:
The global tact 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 3C products, white goods, automotive, information appliance, medical and other applications across the globe. Additionally, factors such as technological advancements and miniaturization are also contributing to the growth of this market. On the basis of type, standard types are expected to hold a major share in the global tact switches market during the forecast period. This can be attributed to their low cost and wide availability across different applications.
Product Definition:
Tact switches are linear, momentary-contact switches that are used to provide tactile feedback. They are often used in control panels or keypads where a user needs to be able to feel when they have activated a button. Tactile feedback is important because it allows users to more easily determine when they have actually pressed a button, which can be helpful in avoiding mistakes.
Standard Types:
The global standard types market is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing demand for advanced technology-based products in industries such as automotive, aerospace and defense, healthcare, consumer electronics, and others.
Technological advancements have led to the development of smart switches that are cost effective and easy to use.
Illuminated Types:
The global Illuminated Types market is expected to witness significant growth over the forecast period. The key drivers of this market are increasing demand for touchscreens in consumer electronics and growing adoption of gesture recognition technology.
In a traditional touchscreen, each pixel is made up of a red, green.
Application Insights:
The 3C products application segment led the global tact switches market and accounted for more than a 29.0% share of the total revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for consumer electronics devices, such as mobile phones, portable media players, and gaming consoles among others. In addition, growing use of these products in medical applications including cardiac monitors is expected to drive product demand over the forecast period.
The white goods application segment was valued at USD 1.5 billion in 2017 owing to rising use of these devices across various appliances including washing machines and tumble dryers among others which require on/off switching functionality only.
Regional Analysis:
North America is expected to be the largest market for global tact switches over the forecast period. The region has a well-established manufacturing sector and high penetration of LED lighting, which in turn drives product demand. Europe accounted for more than 25% of the overall market share in 2017 owing to its strong presence in industrial automation as well as consumer appliances such as household fans and air conditioners. Asia Pacific is estimated to be one of the fastest-growing markets with a CAGR exceeding 6% from 2018 to 2030 owing to increasing government investments on infrastructure development projects along with rising population and consumer disposable income levels. Moreover, growing awareness regarding energy conservation will drive product demand across this region during the forecast period. Latin America also presents significant growth opportunities due to increasing adoption rates of SMD Tact Switch products that are used widely across different industries including transportation, building & construction, HVAC & refrigeration and others for controlling various devices remotely such as security systems, lights etc.).
Growth Factors:
- Increasing demand for tact switches from the automotive industry on account of their low power consumption and small size.
- Growing demand for tact switches from the consumer electronics sector owing to their features such as low actuation force and long life span.
- Rising popularity of smartphones and tablets, which in turn is fueling the demand for tact switches in the mobile device market.
- Proliferation of IoT devices, which is creating opportunities for growth in the Tact Switches market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tact Switches Market Research Report
By Type
Standard Types, Illuminated Types, Sealed Types, SMD Types, Other Types
By Application
3C Products, White Goods, Automotive, Information Appliance, Medical, Others
By Companies
ALPS, Mitsumi Electric, Panasonic, Omron, TE Connectivity, BEWIN, Wurth Elektronik, C&K Components, Xinda, CTS, Marquardt, NKK Switches, OMTEN, Oppho, Changfeng, Han Young, Bourns, Knitter-switch, APEM, E-Switch, Diptronics
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Tact Switches Market Report Segments:
The global Tact Switches market is segmented on the basis of:
Types
Standard Types, Illuminated Types, Sealed Types, SMD Types, Other Types
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
3C Products, White Goods, Automotive, Information Appliance, Medical, 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:
- ALPS
- Mitsumi Electric
- Panasonic
- Omron
- TE Connectivity
- BEWIN
- Wurth Elektronik
- C&K Components
- Xinda
- CTS
- Marquardt
- NKK Switches
- OMTEN
- Oppho
- Changfeng
- Han Young
- Bourns
- Knitter-switch
- APEM
- E-Switch
- Diptronics
Highlights of The Tact 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:
- Standard Types
- Illuminated Types
- Sealed Types
- SMD Types
- Other Types
- By Application:
- 3C Products
- White Goods
- Automotive
- Information Appliance
- Medical
- 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 Tact 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.
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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?
Tact switches are a type of switch that is designed to reduce the amount of force that is needed to activate it. This can be helpful if you have arthritis or other conditions that make it difficult to use traditional switches.
Some of the key players operating in the tact switches market are ALPS, Mitsumi Electric, Panasonic, Omron, TE Connectivity, BEWIN, Wurth Elektronik, C&K Components, Xinda, CTS, Marquardt, NKK Switches, OMTEN, Oppho, Changfeng, Han Young, Bourns, Knitter-switch, APEM, E-Switch, Diptronics.
The tact switches market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tact Switches 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. Tact Switches Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tact Switches Market - Supply Chain
4.5. Global Tact Switches Market Forecast
4.5.1. Tact Switches Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tact Switches Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tact Switches Market Absolute $ Opportunity
5. Global Tact Switches 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. Tact Switches Market Size and Volume Forecast by Type
5.3.1. Standard Types
5.3.2. Illuminated Types
5.3.3. Sealed Types
5.3.4. SMD Types
5.3.5. Other Types
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tact Switches 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. Tact Switches Market Size and Volume Forecast by Application
6.3.1. 3C Products
6.3.2. White Goods
6.3.3. Automotive
6.3.4. Information Appliance
6.3.5. Medical
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tact Switches 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. Tact Switches 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 Tact Switches 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. Tact Switches 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 Tact Switches Demand Share Forecast, 2019-2029
9. North America Tact Switches 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 Tact Switches 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 Tact Switches Market Size and Volume Forecast by Application
9.4.1. 3C Products
9.4.2. White Goods
9.4.3. Automotive
9.4.4. Information Appliance
9.4.5. Medical
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tact Switches Market Size and Volume Forecast by Type
9.7.1. Standard Types
9.7.2. Illuminated Types
9.7.3. Sealed Types
9.7.4. SMD Types
9.7.5. Other Types
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 Tact Switches Demand Share Forecast, 2019-2029
10. Latin America Tact Switches 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 Tact Switches 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 Tact Switches Market Size and Volume Forecast by Application
10.4.1. 3C Products
10.4.2. White Goods
10.4.3. Automotive
10.4.4. Information Appliance
10.4.5. Medical
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tact Switches Market Size and Volume Forecast by Type
10.7.1. Standard Types
10.7.2. Illuminated Types
10.7.3. Sealed Types
10.7.4. SMD Types
10.7.5. Other Types
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 Tact Switches Demand Share Forecast, 2019-2029
11. Europe Tact Switches 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 Tact Switches 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 Tact Switches Market Size and Volume Forecast by Application
11.4.1. 3C Products
11.4.2. White Goods
11.4.3. Automotive
11.4.4. Information Appliance
11.4.5. Medical
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tact Switches Market Size and Volume Forecast by Type
11.7.1. Standard Types
11.7.2. Illuminated Types
11.7.3. Sealed Types
11.7.4. SMD Types
11.7.. Other Types
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 Tact Switches Demand Share, 2019-2029
12. Asia Pacific Tact Switches 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 Tact Switches 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 Tact Switches Market Size and Volume Forecast by Application
12.4.1. 3C Products
12.4.2. White Goods
12.4.3. Automotive
12.4.4. Information Appliance
12.4.5. Medical
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tact Switches Market Size and Volume Forecast by Type
12.7.1. Standard Types
12.7.2. Illuminated Types
12.7.3. Sealed Types
12.7.4. SMD Types
12.7.5. Other Types
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 Tact Switches Demand Share, 2019-2029
13. Middle East & Africa Tact Switches 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 Tact Switches 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 Tact Switches Market Size and Volume Forecast by Application
13.4.1. 3C Products
13.4.2. White Goods
13.4.3. Automotive
13.4.4. Information Appliance
13.4.5. Medical
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tact Switches Market Size and Volume Forecast by Type
13.7.1. Standard Types
13.7.2. Illuminated Types
13.7.3. Sealed Types
13.7.4. SMD Types
13.7.5. Other Types
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 Tact Switches Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Tact Switches Market: Market Share Analysis
14.2. Tact Switches Distributors and Customers
14.3. Tact Switches Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ALPS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mitsumi Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Omron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TE Connectivity
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BEWIN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wurth Elektronik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. C&K Components
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xinda
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CTS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Marquardt
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NKK Switches
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. OMTEN
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Oppho
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Changfeng
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Han Young
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Bourns
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Knitter-switch
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. APEM
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. E-Switch
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
