Surface Mount Switch Trends and Forecast
The future of the global surface mount switch market looks promising with opportunities in the industrial control, medical, aerospace and defense, telecommunication, and consumer electronics markets. The global surface mount switch market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are rising interest in electronic gadgets, rising demand for electronic device miniaturization and enhanced functionality, as well as, growing use of Internet of Things (IoT) devices and the creation of cutting-edge innovations like 5G.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Surface Mount Switch by Segment
The study includes a forecast for the global surface mount switch by product, application, and region.
Surface Mount Switch Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Ultra-Miniature Surface Mount Toggle Switch
• Ultra-Miniature Surface Mount Pushbutton Switch
Surface Mount Switch Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial Control
• Medical
• Aerospace and Defense
• Telecommunication
• Consumer Electronics
Surface Mount Switch Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Surface Mount Switch Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies surface mount switch companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the surface mount switch companies profiled in this report include-
• NKK Switches
• C&K Components
• Omron Corporation
• Hokuriku Electric Industry
• Panasonic Corporation
• E-Switch
• Honeywell Process Solutions
• Grayhill
• APEM
• Bourns
Surface Mount Switch Market Insights
Lucintel forecasts that ultra-miniature surface mount toggle switch is expected to witness highest growth over the forecast period because the switches are easily put on electronic circuit boards owing to their tiny size and compact design, along with its utilization in situations with limited space.
Within this market, industrial control will remain the largest segment because these switches allow machinery and manufacturing processes to run reliably and efficiently.
APAC is expected to witness highest growth over the forecast period because of the rising demand for surface mount switches from industrial consumers, growing consumer electronics industry, as well as, increase in the middle-class population in the region.
Features of the Global Surface Mount Switch Market
Market Size Estimates: Surface mount switch market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Surface mount switch market size by product, application, and region in terms of value ($B).
Regional Analysis: Surface mount switch market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the surface mount switch market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the surface mount switch market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q.1 What is the surface mount switch market size?
Answer: The global surface mount switch market is expected to reach an estimated $8.9 billion by 2030.
Q.2 What is the growth forecast for surface mount switch market?
Answer: The global surface mount switch market is expected to grow with a CAGR of 8.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the surface mount switch market?
Answer: The major drivers for this market are rising interest in electronic gadgets, rising demand for electronic device miniaturization and enhanced functionality, as well as, growing use of Internet of Things (IoT) devices and the creation of cutting-edge innovations like 5G.
Q4. What are the major segments for surface mount switch market?
Answer: The future of the global surface mount switch market looks promising with opportunities in the industrial control, medical, aerospace and defense, telecommunication, and consumer electronics markets.
Q5. Who are the key Surface Mount Switch Market companies?
Answer: Some of the key surface mount switch companies are as follows:
• NKK Switches
• C&K Components
• Omron Corporation
• Hokuriku Electric Industry
• Panasonic Corporation
• E-Switch
• Honeywell Process Solutions
• Grayhill
• APEM
• Bourns
Q6. Which surface mount switch market segment will be the largest in future?
Answer: Lucintel forecasts that ultra-miniature surface mount toggle switch is expected to witness highest growth over the forecast period because the switches are easily put on electronic circuit boards owing to their tiny size and compact design, along with its utilization in situations with limited space.
Q7. In surface mount switch market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period because of the rising demand for surface mount switches from industrial consumers, growing consumer electronics industry, as well as, increase in the middle-class population in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the surface mount switch market by product (ultra-miniature surface mount toggle switch and ultra-miniature surface mount pushbutton switch), application (industrial control, medical, aerospace and defense, telecommunication, and consumer electronics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Surface Mount Switch Market, Surface Mount Switch Market Size, Surface Mount Switch Market Growth, Surface Mount Switch Market Analysis, Surface Mount Switch Market Report, Surface Mount Switch Market Share, Surface Mount Switch Market Trends, Surface Mount Switch Market Forecast, Surface Mount Switch Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.