Proliferating Automotive Sector Lends Support to Global Electromechanical Switch Market
The report finds that on account of the uncertainty prevailing in the global economy, which yet hasn’t shown any solid signs of a rebound after the crash in 2008, the global electromechanical switch market will exhibit mixed performance over the years. The report forecasts the market to decline its share by clocking a negative CAGR of -0.12% during the period between 2016 and 2022. Declining at this pace, the market will likely become worth US$4.50 bn by the end of 2022 from US$4.533 bn in 2016.
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Proving beneficial to the global market for electromechanical switch market is the continued expansion in the industrial and automotive sectors. Further, rising need for mobility and connectivity in consumer electronic products and testing services will serve to drive growth in the market in the upcoming years. The widespread use of safety systems in automobiles is also expected to boost uptake in the next few years.
Acting as a deterrent to the growth in the global electromechanical market, on the other hand, is the need for high initial investments and the volatile market dynamics.
Depending upon types, the global electromechanical market can be segmented into rotary, tactile, toggle, encoder, detect, push, dip, micro, and others, including slide, power, joy stick, etc. Depending upon applications, the global electromechanical market can be also divided into military, aerospace, commercial, industrial, healthcare, automotive, and white goods. The report studies each segment in details to understand it sales and revenues, market shares, and growth prospects in the future.
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Geographically, the key segments of the global electromechanical market are North America, South America, the European Union, Southeast Asia, India, China, Japan, the Middle East and Africa, and the Rest of the World. Currently, North America is a key market and going forward too will see a substantial upswing.
Besides studying the growth drivers and restraints and the market segmentation, the report also analyzes the regulatory framework of the global electromechanical switch market so as to offer keen stakeholders a proper understanding of the different policies, regulations, and future projects, which will likely shape the trajectory of the market. The analysts have also leveraged market-leading analytical tools such as Porter’s five forces to gauge the level of competition in the market.
Some of the key players in the global electromechanical switch market that have been studied in the report are Omron, ALPS, TE Connectivity, Carling Technologies, Panasonic, Electroswitch, OTTO, ITW Switches, ITT Industries, Honeywell, NKK Switches, Grayhill, Copal Electronics, Coto Technology, Schneider, E-Switch, APEM, CTS, TOPLY, and ELMA.
List of Tables and Figures
Table Global Electromechanical Switch Output (M Unit) and Growth Rate (%) Comparison by Types (2016-2022)1
Figure Global Electromechanical Switch Output Market Share (%) by Types in 20163
Figure Product Picture of Tactile4
Figure Product Picture of Rotary4
Figure Product Picture of Encoder5
Figure Product Picture of Toggle5
Figure Product Picture of Push6
Figure Product Picture of Detect6
Figure Product Picture of Micro7
Figure Product Picture of Dip7
Figure Product Picture of Other8
Table Global Electromechanical Switch Consumption (K Units) Comparison by Applications (2012-2022)8
Figure Global Electromechanical Switch Consumption Market Share (%) by Applications in 20169
Figure Military Examples10
Figure Aerospace Examples10
Figure Commercial Examples11
Figure Industrial Examples11
Figure Healthcare Examples12
Figure Automotive Examples13
Figure White Goods Examples14
Figure Global Electromechanical Switch Revenue (Million USD) Comparison by Regions (2012-2022)15
Table Electromechanical Switch Revenue (Million USD) Comparison by Regions (2012-2022)16
Figure United States Electromechanical Switch Revenue (Million USD) and Growth Rate (2012-2022)16
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