The global membrane switch market is expected to reach USD 13.14 billion
by 2025, according to a new report by Grand View Research, Inc. Membrane switch
demand is significantly growing worldwide on account of high application scope
coupled with increasing consumption in consumer goods application.
The membrane switch value chain is characterized by manufacturers of
membrane switches, suppliers and end-use industries. Growing electronics and
semiconductor industries are expected to have a positive impact on the membrane
switch market over the forecast period.
 |
U.S. membrane
switch market revenue, by application, 2014 - 2025 (USD Million)
|
Molex, Xymox Technologies, Douglas Corporation, Henkel Electronics
Materials, and Nelson Miller are major membrane switch manufacturers in the
world. Most of the players have manufacturing facilities in Asia Pacific and
the products are then exported globally. These companies have dense supplier
and distribution networks, owing to which, raw material procurement,
manufacturing and selling of the membrane switches becomes cost effective.
Key factors responsible for the growth of the electronics industry
include a rise in consumption of consumer electronics in the emerging markets
of China, India, Taiwan, and Thailand amidst new product developments.
Incorporation of innovative technologies, such as nanotechnology, in major
manufacturing destinations, such as Japan and China, is expected to drive the
electronics market in return bolstering the membrane switch industry.
In depth research report on Membrane Switch Market
Further key findings from the report suggest:
·
The demand for polyester membrane switches in 2015 was USD
1,508.0 million owing to the ability of the materials to suit various designs,
and the flexibility in design is expected to drive demand over the forecast
period.
·
Asia Pacific is one of the fastest growing markets at a
CAGR over 14.2% owing to consumer awareness regarding benefits of membrane
switches.
·
In September 2014, Henkel acquired Bergquist starting
membrane switches product line. This acquisition widened the company’s product
portfolio, further strengthening its position in the market.
·
In May 2016, Nelson Miller acquired Delta Technologies in
order to provide support for almost all product lines of the company including
membrane switches
Grand View Research has segmented the global membrane switch market on
the basis of product, application, and region:
Product Outlook (Volume,
Million Units, Revenue, USD Million, 2014 - 2025)
·
Polyester
·
Polycarbonate
·
Others
Application Outlook
(Volume, Million Units, Revenue, USD Million, 2014 - 2025)
·
Industrial
·
Medical
·
Consumer goods
·
Others
Regional Outlook (Volume,
Million Units, Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
China
o
South Korea
·
RoW
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
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