Rocker Switch Market By Switching Configuration (Single-Break, Double Break), By End Use Verticals (Automotive, Aerospace, HVAC, Instrumentation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Rocker Switch Market was valued at $6,314.58 million in 2021, and is projected to reach $9,168.62 million by 2031, registering a CAGR of 3.86% from 2022 to 2031. A rocker switch is used to simply ON/OFF the device on which it is mounted. In addition, rise of electric vehicles has provided a boost to manufacturing of rocker switch and it is anticipated to provide a steady rise for the forecasted period.
The growth of the global rocker switch market is majorly driven by end use verticals such as automotive, aerospace and healthcare sectors. Moreover, government schemes and various electronic standards set by global bodies to reduce the pollution caused during the manufacturing process will propel the rocker switch market growth during the forecast period. On the contrary, healthcare sector is expected to provide lucrative opportunities for the growth of the rocker switch market during the forecast period.
The global digital thermometer market research is segmented into switching configuration, and end user verticals. On the basis of switching configuration, the market is bifurcated into single-break and double break. The double break segment dominated the market, in terms of revenue, in 2021, and is expected to follow the same trend during the forecast period. By end user verticals, the market is segmented into automotive, aerospace, heating ventilation and air conditioning (HVAC), instrumentation and others. The automotive segment subjugated the market, in terms of revenue, in 2021, and is expected to follow the same trend during the forecast period.
The key players operating in the market include ABB Ltd., APEM, Carling Technologies, Eaton Corporation, Emerson Electric Co., E-switch, Everel Group S.p.A., Honeywell International Inc., Leviton Manufacturing Co. Inc., NKK Switches, Omron Corporation., OTTO Engineering, Panasonic, Schruter, Sensata Technologies, Inc., TE Connectivity and ZF Electronics.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the rocker switch market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall rocker switch market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current rocker switch market forecast is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the market share of key vendors and rocker switch market trends.
Key Market Segments
By Switching Configuration
Single-Break
Double Break
By End Use Verticals
Aerospace
HVAC
Instrumentation
Automotive
Others
By Region
North America
Canada
Mexico
U.S.
Europe
France
Germany
Italy
United Kingdom
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ABB Ltd
apem, inc.
carling technologies
Eaton Corporation
Emerson Electric Co.
e-switch, inc.
everel group s.p.a.
Honeywell International Inc.
Leviton Manufacturing Co. Inc.
nkk switches
Omron Corporation
OTTO Engineering
Panasonic Corp.
Schruter
sensata technologies, inc.
TE Connectivity Ltd.
ZF Friedrichshafen AG
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook