Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Tact Switches Market by Type (Standard Types, Illuminated Types, Sealed Types, SMD Types, Other Types), By Application (3C Products, White Goods, Automotive, Information Appliance, Medical, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Tact Switches Market by Type (Standard Types, Illuminated Types, Sealed Types, SMD Types, Other Types), By Application (3C Products, White Goods, Automotive, Information Appliance, Medical, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 129911 3300 Electronics & Semiconductor 377 243 Pages 4.5 (41)
                                          

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.


Global Tact Switches Industry Outlook


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:

  1. ALPS
  2. Mitsumi Electric
  3. Panasonic
  4. Omron
  5. TE Connectivity
  6. BEWIN
  7. Wurth Elektronik
  8. C&K Components
  9. Xinda
  10. CTS
  11. Marquardt
  12. NKK Switches
  13. OMTEN
  14. Oppho
  15. Changfeng
  16. Han Young
  17. Bourns
  18. Knitter-switch
  19. APEM
  20. E-Switch
  21. Diptronics

Global Tact Switches Market Overview


Highlights of The Tact Switches Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Standard Types
    2. Illuminated Types
    3. Sealed Types
    4. SMD Types
    5. Other Types
  1. By Application:

    1. 3C Products
    2. White Goods
    3. Automotive
    4. Information Appliance
    5. Medical
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Tact Switches Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
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

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