Global Touch Switches Market - Forecasts from 2025 to 2030
Description
The Global Touch Switches Market is expected to grow from US$601.547 million in 2025 to US$907.358 million in 2030, at a CAGR of 8.57%.
A switch is an electric component that is used to control a circuit. It is used in almost all devices and machinery ranging from transistors to computers. Pressing the switch closes the system while releasing it, and reverts the circuit to an open state. With many different kinds of switches available, one of them is the touch switch. As evident, a touch switch operates via touch. They offer a clean, sleek look to the devices mounted. A touch switch can be majorly categorized as a capacitance switch, resistance touch switch, and piezo touch switch.
As the electronic and technical world continues to grow, the demand for touch switches is expected to rise. The advent of an integrated lighting system promotes a lion's share of growth. Individuals use touch screen devices in everyday applications like bank ATMs, metro stations, computerized photograph printers, scanners, and many more. This smart device market is expected to grow at a rapid pace picking up its complementary sectors. Moreover, the rising number of electronic and semiconductor companies is expected to have a positive impact on market growth. Infrastructural projects are anticipated to grow globally and in the Indian context. These developmental activities are expected to surge the global touch switch market.
Innovations like glass panel switches, motion-detecting switches, pop-up switches, and modular switches, are targeting newer audiences. The aesthetic appeals of these switches are largely popular among interior designers and decorators. The remote control facilities through phones and tablets are easing the purpose served with a touch of modernity. These factors additionally lead to new-fangled areas of the market.
Touch Switches Market Segmentation Analysis:
By application, industrial and commercial usage increase rapidly, leading to an expansion. By end-user, the consumer electronics and automotive industry is expected to witness the highest CAGR. Geographically, North America is estimated to hold a notable market share owing to the increasingly electronic and semiconductor market. The second growing region Asia Pacific is expected to grow at a high CAGR as they house several market leaders, a growing electronics market, and a rising population.
Touch Switches Market Growth Factors:
The advent of smart lighting systems.
One of the major factors of the growth of the touch switch market is the increasing usage of the integrated lighting system in various infrastructural projects like ongoing and upcoming smart city projects in developing economies. The smart lighting market is estimated to grow thereby creating new avenues for the switch market.
Shift to cleaner energy sources.
As there has been a shift to greener lighting options like LED over the past few years, the demand for touch switches has risen complementarily. The global LED market is expected to witness growth, indicating a similar growth in the touch switch market.
Innovations and technology.
The latest technological advancement and expanding electronics and semi-conductor like lighting circuits, comprehensive security systems, medical devices and controls, industrial automation equipment, audio, and broadcasting equipment will exert a positive impact on the market.
Touch Switches Market Restraints:
Increase in the price of raw materials.
The incorporation of touch switches in several devices and structures has stipulated its growth. But it has been observed that this growth has led to an increment in the prices of raw materials which has indirectly led to an increase in the price.
Touch Switches Market Competitive Insights:
The market leaders for the Global Touch Switches Market are OMRON Corporation, Schneider Electric, Koninklijke Philips N.V., Siemens AG, NXP Semiconductors, Panasonic Corporation, ABB Group, and, OSRAM GmbH. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,
Schneider Electric has launched a new series of glass touch panels in 2020 while Siemens launched a range of smart switches named DELTA providing an edge in the market.
Some of the Major Companies in the Touch Switches Market
OMRON Corporation
Schneider Electric
Koninklijke Philips N.V.
Siemens AG
NXP Semiconductors
The Touch Switches Market is analyzed into the following segments:
By Type
Capacitive Touch Switch
Resistance Touch Switch
Piezo Touch Switch
By Application
Residential
Commercial
Industrial
By End-User Industry
Consumer Electronics
Automotive
Manufacturing
Healthcare
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Thailand
Taiwan
Indonesia
Others
A switch is an electric component that is used to control a circuit. It is used in almost all devices and machinery ranging from transistors to computers. Pressing the switch closes the system while releasing it, and reverts the circuit to an open state. With many different kinds of switches available, one of them is the touch switch. As evident, a touch switch operates via touch. They offer a clean, sleek look to the devices mounted. A touch switch can be majorly categorized as a capacitance switch, resistance touch switch, and piezo touch switch.
As the electronic and technical world continues to grow, the demand for touch switches is expected to rise. The advent of an integrated lighting system promotes a lion's share of growth. Individuals use touch screen devices in everyday applications like bank ATMs, metro stations, computerized photograph printers, scanners, and many more. This smart device market is expected to grow at a rapid pace picking up its complementary sectors. Moreover, the rising number of electronic and semiconductor companies is expected to have a positive impact on market growth. Infrastructural projects are anticipated to grow globally and in the Indian context. These developmental activities are expected to surge the global touch switch market.
Innovations like glass panel switches, motion-detecting switches, pop-up switches, and modular switches, are targeting newer audiences. The aesthetic appeals of these switches are largely popular among interior designers and decorators. The remote control facilities through phones and tablets are easing the purpose served with a touch of modernity. These factors additionally lead to new-fangled areas of the market.
Touch Switches Market Segmentation Analysis:
By application, industrial and commercial usage increase rapidly, leading to an expansion. By end-user, the consumer electronics and automotive industry is expected to witness the highest CAGR. Geographically, North America is estimated to hold a notable market share owing to the increasingly electronic and semiconductor market. The second growing region Asia Pacific is expected to grow at a high CAGR as they house several market leaders, a growing electronics market, and a rising population.
Touch Switches Market Growth Factors:
The advent of smart lighting systems.
One of the major factors of the growth of the touch switch market is the increasing usage of the integrated lighting system in various infrastructural projects like ongoing and upcoming smart city projects in developing economies. The smart lighting market is estimated to grow thereby creating new avenues for the switch market.
Shift to cleaner energy sources.
As there has been a shift to greener lighting options like LED over the past few years, the demand for touch switches has risen complementarily. The global LED market is expected to witness growth, indicating a similar growth in the touch switch market.
Innovations and technology.
The latest technological advancement and expanding electronics and semi-conductor like lighting circuits, comprehensive security systems, medical devices and controls, industrial automation equipment, audio, and broadcasting equipment will exert a positive impact on the market.
Touch Switches Market Restraints:
Increase in the price of raw materials.
The incorporation of touch switches in several devices and structures has stipulated its growth. But it has been observed that this growth has led to an increment in the prices of raw materials which has indirectly led to an increase in the price.
Touch Switches Market Competitive Insights:
The market leaders for the Global Touch Switches Market are OMRON Corporation, Schneider Electric, Koninklijke Philips N.V., Siemens AG, NXP Semiconductors, Panasonic Corporation, ABB Group, and, OSRAM GmbH. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,
Schneider Electric has launched a new series of glass touch panels in 2020 while Siemens launched a range of smart switches named DELTA providing an edge in the market.
Some of the Major Companies in the Touch Switches Market
OMRON Corporation
Schneider Electric
Koninklijke Philips N.V.
Siemens AG
NXP Semiconductors
The Touch Switches Market is analyzed into the following segments:
By Type
Capacitive Touch Switch
Resistance Touch Switch
Piezo Touch Switch
By Application
Residential
Commercial
Industrial
By End-User Industry
Consumer Electronics
Automotive
Manufacturing
Healthcare
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Thailand
Taiwan
Indonesia
Others
Table of Contents
141 Pages
- 1. INTRODUCTION
- 1.1. Market Definition
- 1.2. Market Segmentation
- 2. RESEARCH METHODOLOGY
- 2.1. Research Data
- 2.2. Assumptions
- 3. EXECUTIVE SUMMARY
- 3.1. Research Highlights
- 4. MARKET DYNAMICS
- 4.1. Market Drivers
- 4.2. Market Restraints
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Bargaining Powers of Buyers
- 4.3.3. Threat of Substitutes
- 4.3.4. The Threat of New Entrants
- 4.3.5. Competitive Rivalry in Industry
- 4.4. Industry Value Chain Analysis
- 5. GLOBAL TOUCH SWITCH MARKET BY TYPE
- 5.1. Capacitance Touch Switch
- 5.2. Resistance Touch Switch
- 5.3. Piezo Touch Switch
- 6. GLOBAL TOUCH SWITCH MARKET BY APPLICATION
- 6.1. Residential
- 6.2. Commercial
- 6.3. Industrial
- 7. GLOBAL TOUCH SWITCH MARKET BY END-USER INDUSTRY
- 7.1. Consumer Electronics
- 7.2. Automotive
- 7.3. Manufacturing
- 7.4. Healthcare
- 7.5. Others
- 8. GLOBAL TOUCH SWITCH MARKET BY GEOGRAPHY
- 8.1. Introduction
- 8.2. North America
- 8.2.1. United States
- 8.2.2. Canada
- 8.2.3. Mexico
- 8.3. South America
- 8.3.1. Brazil
- 8.3.2. Argentina
- 8.3.3. Others
- 8.4. Europe
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. United Kingdom
- 8.4.4. Spain
- 8.4.5. Others
- 8.5. Middle East and Africa
- 8.5.1. Saudi Arabia
- 8.5.2. UAE
- 8.5.3. Israel
- 8.5.4. Others
- 8.6. Asia Pacific
- 8.6.1. China
- 8.6.2. India
- 8.6.3. South Korea
- 8.6.4. Taiwan
- 8.6.5. Thailand
- 8.6.6. Indonesia
- 8.6.7. Japan
- 8.6.8. Others
- 9. COMPETITIVE INTELLIGENCE
- 9.1. Major Players and Strategy Analysis
- 9.2. Emerging Players and Market Lucrative
- 9.3. Mergers, Acquisition, Agreements, and Collaborations
- 9.4. Vendor Competitiveness Matrix
- 10. COMPANY PROFILES
- 10.1. OMRON Corporation
- 10.2. Schneider Electric
- 10.3. Siemens AG
- 10.4. NXP Semiconductors
- 10.5. Panasonic Corporation
- 10.6. ABB Group
- 10.7. Honeywell International
- 10.8. Legrand
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