Tactile switches (tact switch) are versatile and is used in any user interface application. The major use of a tactile switch in office equipment, commercial equipment, household appliances, and industrial machinery are propelling the growth of the market. The increasing preference for electromechanical technology over the manual switches in the equipment further influences the growth of the market. Rising the demand for a tactile switch in the aerospace industry for inflight entertainment and connectivity drives the growth of the tactile switches market.
MARKET SCOPE
The "Global Tactile Switches Market Analysis to 2028" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the tactile switches market with detailed market segmentation by type, endouser, and geography. The report provides key statistics on the market status of the leading tactile switches market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global tactile switches market is segmented into standards, sealed, surface mount, key tops, illuminated, and others.
- On the basis of endouser, the market is segmented into automotive, medical and healthcare, electronics and telecommunications, and others.
Drivers
- The growing adoption of tactile switch owing to its low contact resistance, high contact reliability, small bounce noise, and a sharp tactile feel, hence boosting the growth of the tactile switches market.
- Increasing the uses of a tactile switch in interface control panel application which further fueling the growth of the market.
- The growing application of these switches in automobiles and medical applications is expected to drive the growth of the tactile switches market.
- The growing technology such as sensors and touch screen technology are replacing the tactile switches, is the major restraint for the growth of the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The tactile switches market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tactile switches market in these regions.
IMPACT OF COVID-19 ON TACTILE SWITCHES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the tactile switches market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from tactile switches market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tactile switches market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ALPS ALPINE CO. , LTD.
- Bourns, Inc
- C and K Switches
- EnRwey Co. ,Ltd.
- EoSwitch, Inc. (Stein Industries, Inc. )
- MITSUMI ELECTRIC CO. , LTD.
- NKK SWITCHES OF AMERICA, INC.
- Omron Corporation
- Panasonic Corporation
- TE Connectivity