Global Tactile Switches Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tactile Switches Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A tactile switch is an electronic switch, which belongs to the category of electronic components. A tactile switch is a switch whose operation can be sensed by touch. Tactile switches have the advantages of small contact resistance, accurate operating force errors, and diversified specifications. They are widely used in the automotive industry, industrial equipment and white goods.

Market Overview:

The latest research study on the global Tactile Switches market finds that the global Tactile Switches market reached a value of USD 1158.15 million in 2022. It’s expected that the market will achieve USD 1260.01 million by 2028, exhibiting a CAGR of 1.41% during the forecast period.

Demand growth in the information appliance industry has also promoted market growth

Information appliances are the integration of computer technology and modern communication technology into traditional household appliances to make them intelligent and have the functions of network information terminals, to be connected to the communication network of the modern information society, and to independently publish, obtain and process relevant information, so as to realize the traditional family information and network. Information appliances include televisions and home computers, washing machines, microwave ovens and other products. The information appliance industry will continue to expand. It straddles the field of information technology and home appliances, gradually blurring the originally distinct market boundaries of computers, communication products, and home appliances. The development and rapid popularization of information appliances will drive market demand for tactile switches.

The aging speed of tactile switches is accelerated under frequent use

Tactile switches are electromechanical switches, and the tactile switch market has met the circuit requirements for various low-power devices. This technology has gained popularity in interface control panel applications, which is a key aspect of the development of the tactile switch market. But touching the tactile switch too frequently will also accelerate its aging rate.

Tactile switches cannot produce functions by themselves

Haptics are widely used in commercial and industrial equipment. However, the tactile switch cannot produce its own function independently, and the tactile switch needs other PCB circuit boards to cooperate with each other to form a complete switch control system.

Region Overview:

Asia Pacific dominated the Tactile Switches market in 2022, with a market share of 48.19%.

Company Overview:

ALPS is one of the major players operating in the Tactile Switches market, holding a share of 26.31% in 2023.

ALPS

ALPS is manufacturer of electronics and on-vehicle information systems. The Company main products include electronic parts of vehicles, mobile devices, batteries, healthcare & industrial equipment, as well as audio machines and car navigation devices. ALPS is headquartered in Japan and serves clients globally.

Panasonic

Panasonic Corporation manufactures electric and electronic products. The Company produces home appliances, car navigation systems, digital devices, computer peripherals, telecommunications, industrial equipment, and electronic parts. Panasonic has associated companies around the world.

Segmentation Overview:

As for product types, the Standard Types segment held the largest market share in 2022.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Tactile Switches market covered in Chapter 3:

E-Switch
OMTEN
CTS
Wurth Elektronik
BEWIN
APEM
Bourns
Marquardt
ALPS
C&K Components
Mitsumi Electric
Panasonic
NKK Switches
Omron
TE Connectivity
Knitter-switch

In Chapter 4 and Chapter 14.2, on the basis of types, the Tactile Switches market from 2018 to 2029 is primarily split into:

Standard Types
Illuminated Types
Sealed Types
SMD Types
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tactile Switches market from 2018 to 2029 covers:

Automotive
Medical
3C Products
Information Appliance
White Goods
CNC
Industrial Equipment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)