FACTS AT A GLANCE
Edition: 15; Released: April 2021
Executive Pool: 383
Companies: 133 – Players covered include Alps Electric Co., Ltd.; API Technologies Company; Datronix Holdings Ltd.; Delta Electronics, Inc.; Eaton Corporation PLC; ELECTRONICON Kondensatoren GmbH; Littelfuse, Inc.; Mitsumi Electric Co., Ltd.; Omron Corporation; Panasonic Corporation; Schneider Electric SE; Shenzhen Sunlord Electronics Co., Ltd.; TDK Corporation; TE Connectivity Ltd.; Xiamen Hongfa Electroacoustic Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (Slide, Rotary, Tactile, Toggle, Encoder, Push, Detect, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Switches Market to Reach $4.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Switches estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2026, growing at a CAGR of 1.3% over the analysis period. Slide, one of the segments analyzed in the report, is projected to record a 1.5% CAGR and reach US$1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary segment is readjusted to a revised 1.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion in 2021, While China is Forecast to Reach $854.2 Million by 2026
The Switches market in the U.S. is estimated at US$1.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$854.2 Million by the year 2026 trailing a CAGR of 1.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 1.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Tactile Segment to Reach US$726.2 Million by the year 2026
In the global Tactile segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$508.4 Million in the year 2020 will reach a projected size of US$556.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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