According to a market report by Lucintel, the future of the global tactile switch market looks promising with opportunities in the automotive, medical, 3C product, information appliance, and white good applications. The global tactile switch market is expected to reach an estimated $10.6 billion by 2030 from $7.7 billion in 2024,at a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing demand for miniaturization in electronic devices and rising adoption of smart devices and the internet of things.
A more than 150-page report to understand trends, opportunity and forecast in tactile switch market to 2030 by type (standard, illuminated, sealed, key top, surface-mount devices, and others), application (automotive, medical, 3C products, information appliances, white goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, standard is expected to witness the highest growth over the forecast period due to its widespread use in commercial, industrial machinery, and various home electronic appliances.
Within the application category, white good is expected to witness the highest growth over the forecast period.
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In terms of region, APAC is expected to witness highest growth over the forecast period due to rapid urbanization and industrialization, growing population disposable income, and presence of major electronics manufacturing units in the region.
Alps Electric, The Mitsumi Electric, Panasonic, Omron, CTS are the major suppliers in the tactile switch market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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