Puen, india, April 12, 2022 (GLOBE NEWSWIRE) -- The global tactile switches market is expected to gain impetus from the rising adoption of automation in every industry. It is resulting in the increasing need for controlling the movements of the machines by using switches. This information is published in an upcoming report by Fortune Business Insights™, titled, “Tactile Switches Market Size, Share & Industry Analysis, By Type (Standard, SMD, Illuminated, Sealed, Others), By Application (Automotive, Medical, Electronic Devices, Others) and Regional Forecast, 2019-2026.”
The report further states that switches are capable of providing precision in operation, decrease labor costs, and upsurge efficiency in production. These factors are likely to propel the tactile switches market growth during the forecast period.
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Increasing Sales of Consumer Electronic to Favor Growth in Asia Pacific
Geographically, the market is divided into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these regions, Asia Pacific has been exhibiting the highest sales of consumer electronics for the past few years. These products mainly consist of washing machines, refrigerators, mobile phones, and others. They require tactile switches, which is aiding in increasing the tactile switches market size in this region. In Europe and North America, the industrial, consumer electronics, and automotive sectors are expanding at a fast pace. It is likely to boost growth in both regions. Overall, rising technological advancements in the automotive sector and the launch of various consumer electronics would boost growth globally.
Key Players Focus on Innovative Product Launches to Broaden Consumer Base
Prominent companies present in the market are constantly involving themselves in extensive research and development activities. They are doing so to launch highly innovative products and extend their geographical presence as well as increase their consumer base. It would also aid them in gaining the maximum tactile switches market share in the coming years. Below are two of the most recent key industry developments:
The U.S. Navy announced that it is planning to replace the touchscreen helm controls and throttle with mechanical ones in its destroyers in 2020. The National Transportation Safety Board released an accident report from a collision that had occurred in 2017. It states that the design of the ship’s controls was the main reason for the accident. Right after the release, the U.S. Navy took its decision of replacement. In the U.S. vessels, the bridge design is mainly controlled by the military. This major step-back in technology will eliminate the uncertainty and ambiguity that previously played a role in the collision. The replacement will be done on all the DDG-51 (Arleigh Burke) class destroyers of the U.S. Navy that presently use the Northrop Grumman Integrated Bridge and Navigation System (IBNS).
Sumitomo (SHI) Demag Plastics Machinery GmbH, a machinery company, declared that it would unveil the next-generation minimalist modern car dashboards at K 2019. The dashboards would make driving more comfortable for millions of motorists across the world. The futuristic interior designs of the vehicles will possess fewer switches and buttons. It would also provide a greater sensory experience to the drivers. Owing to the persistent developments in e-mobility, connectivity, and autonomous driving, car interiors are transforming rapidly. Aesthetically pleasing minimalist surfaces are gradually replacing bulky dashboards. Sound insulation, acoustic systems, and interior lightings are also being installed on the car surfaces.
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Highlights of the Report
- Detailed insights of the tactile switches market trends, growth drivers, hindrances, opportunities, and challenges.
- In-depth information about all the possible segments present in the market.
- Porter’s five-year analysis for evaluating the potential of buyers and suppliers.
- Competitive landscape, namely, new product launches, mergers and acquisition, contracts, agreements, and strategic collaborations.
Tactile Switches Companies Profiled in the Report:
- Zhejiang Omten Electronics Co. Ltd.
- Panasonic USA
- Mitsumi Electronics Corp.
- NKK Switches
- Omron Electronic Components- Americas
- Guangzhou Bewin Electronic Co., Ltd.
- APEM
- KNITTER SWITCH
- Bourns, Inc.
- C&K Components, Inc.
- E-Switch, Inc.
- CTS Electronic Components
- TE Connectivity
Tactile Switches Market Segmentation:
By Type:
- Standard
- SMD
- Illuminated
- Sealed
- Others
By Application:
- Automotive
- Medical
- Electronic Devices
- Others
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