openPR Logo
Press release

Surface Mount Switch Market to Keep Demand across Asia Pacific Strong

Surface Mount Switch Market to Keep Demand across Asia Pacific

The global surface mount switch market features a largely fragmented competitive landscape, wherein the top five companies accounted for nearly 46% of the overall market in 2015, observes a recent report by Transparency Market Research (TMR).

These top companies, namely Omron Corporation, NKK Switches Co. Ltd, E-Switch Inc., Grayhill Inc., and C&K Components, have adopted the course of strategies such as expansion of production units, product innovation, and acquisitions and mergers to stay ahead of the competition.

Obtain Report Details:
https://www.transparencymarketresearch.com/surface-mount-switch-market.html

Owing to the rapid development of the global surface mount switch market, a number of new players have forayed into the market by acquiring niche product manufacturers.

A number of existing players have also entered into strategic collaborations or have acquired smaller firms to make the most of the existing growth opportunities and remain competitive in the market.

This has enhanced the capital base for companies, enabling them to invest higher amounts in research and development activities and strengthen their hold on the market.

Most of the key manufacturers of surface mount switches are located in Asia Pacific, North America, and Europe. This has limited the potential of the market from reaching regions such as Latin America and Africa.

This could be a viable incremental growth opportunity for new entrants, especially in Latin America, wherein the flourishing telecommunication sector will lead to a vast rise in demand for a variety of electronics components in the next few years.

Growth in Key End-use Sectors to Keep Demand across Asia Pacific Strong
According to TMR, the global surface mount switch market was valued at US$2650.0 mn in 2015 and is expected to reach US$5860.0 mn in terms of revenue by 2024, exhibiting at a CAGR of 8.5% from 2016 to 2024.

Make Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16844

In terms of product variety, the segment of ultra-miniature surface mount toggle switch presently constitutes the bulk of market’s overall revenue and is expected to exhibit strong growth over the forecast period as well. Geographically, strong growth in industries such as automotive, electronics, and telecommunication, the Asia Pacific market is expected to remain dominant throughout the forecast period.

Rising Demand for Electronics Goods to Help Market Retain Healthy Growth
The vast rise in the global consumption of electronics goods such as smartphones, tablets, computers, and laptops has been one of the key drivers of the global surface mount switches and will continue to have a strong impact on the market’s future growth prospects. The electronics goods industry consumes vast volumes of electronics hardware that utilize the extensive usage of surface mount technology.

The use of surface mount switches instead of through-hole devices grants the hardware an improved level of mechanization and also significantly reduced the cost of manufacturing.

The potential rise in adoption of surface mount switches across the electronics goods industry owing to these factors will have a significant positive impact on the overall development of the market in the next few years.

Higher Costs and Relative Unsuitability for Mechanical Stresses to Hinder Market Growth

On account of the small size, better performance, and cost effectiveness of surface mount switches, when the overall cost of the end-product is considered, have led to their increased usage across a number of application areas; analysts have estimated that surface mounted switches are replacing through-hole switches in about 90% of new-age electronic hardware.

However, surface mount switches are comparatively costlier than through-hole switches. Also, surface mount switches face limited competency when subjected to special electrical, mechanical, and thermal conditions, making through-hole switches relevant to a wide range of applications and for a number of cost-sensitive end-product varieties. Moreover, electromechanical surface mount RF switches are known to have lower operating lifetimes than solid state switches.

Get TOC @ https://www.transparencymarketresearch.com/report-toc/16844

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Surface Mount Switch Market to Keep Demand across Asia Pacific Strong here

News-ID: 833900 • Views: 137

More Releases from Transparency Market Research

Fuel Dispenser Market - Global Industry Analysis, Size, Share, Growth, Trends, a …
Albany, NY - Fuel Dispenser Market: Introduction In terms of value, the global fuel dispenser market is expected to reach ~US$ 2 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Based on volume, the global fuel dispenser market is estimated to reach 662,058 units by 2030, expanding at a CAGR of ~4% during the forecast period. In terms of type, the submersible system segment holds leading
Brazil Flavored and Functional Water Market Outlook, Gains Traction, Analysis An …
According to the report, the market will exhibit an impressive CAGR of 7.3% during the projection period. With this rate of growth, by the end of 2024, the market will be valued around US$9.4 bn. It is a considerable growth from the initial valuation recorded at US$5 bn in 2015. A new report by Transparency Market Research expects the Brazil flavored functional water market to grow at considerable pace over
Advantame Market Trends , Incredible Growth Opportunities, Volume, Value Growth …
Increasing health issues among the population led to an increase in the demand for non-caloric sweetener. In the global food and beverage market, the demand for advantame is on rising owing to its non-caloric sweetener properties. Advantame is one of the most recent, high potency low-calorie sweeteners to arrive in the food and beverage market with clean sugar-like the taste. The rising consumption of unhealthy/ comfort sugary food with high calories
Trends in the Feed ingredients - Outlook, Share and Opportunities in Grooming Re …
Escalating demand for high nutritional value meat is one of the major factor driving the growth of global feed ingredients market. In the global meat products market, safety is one of the major concern among meat manufacturers owing to stringent rules laid by government organizations during the handling, procurement, processing, storage, and distribution of animal products. The inclusion of high nutritive value feed ingredient into animal feed results in more

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the