The new report by Expert Market Research titled, ‘Global Membrane Switch Market Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global membrane switch market, assessing the market based on its segments like product, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 7.3 Billion
- Forecast CAGR (2023-2028): 12.3%
The demand for membrane switches has been supported by growth in the consumer electronics and medical equipment market. Membrane switches improve the look and feel of air conditioners, washing machines, and other consumer electronics. In medical equipment application, membrane switches ensure the simple and reliable operation of medical devices used in hospitals and homes.
Furthermore, membrane switches are also in high demand for industrial equipment due to their rugged, water-resistant, and cost-effective nature. The market for membrane switches will continue to witness promising growth in the coming years, owing to the demand for user-friendly and modern-looking control panels.
Membrane Switch Industry Definition and Major Segments
A membrane switch is an electro-mechanical touch-sensitive device manufactured by printing, cutting, and laminating precision thin-film plastic materials. There are four major membrane switch types: non-tactile membrane switches, tactile membrane switches, mixed panels (combination of non-tactile and tactile switches), and PCB backed membrane switches.
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The global membrane switch market has been segmented based on product types as:
Membrane switches finds its usage in a broad array of applications, which includes:
- Consumer Electronics
The EMR report also provides an in-depth analysis of regional markets which are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Membrane Switch Market Trends
The demand for smaller and compact electronic devices is witnessing an upsurge across the globe, and this is creating a need for smaller and more compact membrane switches. Moreover, the demand for custom-designed membrane switches is also on the rise. The end-users are shifting from traditional manual switches to membrane switches as they are thinner and have fewer limitations than the former ones.
Key Market Players
The major players in the market are Molex, Xymox Technologies, Inc., Douglas Corporation, Dyna-Graphics Corporation, GOT Interface LLC, Butler Technologies, Inc., and Epec, LLC. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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