Membrane Switch Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3968
Membrane Switch Market size will grow significantly in the coming years owing to increasing product demand from electronics & semiconductor industry across the globe. Membrane switches are electrical switches which are used for turning circuit on and off. It is a user-equipment interface utility which allows commands communication from a user to the electronic device. They are usually screen printed by using conductive inks made of silver or carbon and finds extensive applications across consumer appliances such as television remote control, air conditioner, washing machines, microwave ovens, etc.
Rapidly growing electronics and consumer appliances industry in Asia Pacific will drive the product demand and therefore will propel membrane switch market size by 2025. The growth of electronic industry in the region is due to new product development by the key players in the emerging economies including Taiwan, China, Thailand and India along with rising socio-economic factors in the region. Inclusion of innovative technology such as nanotechnology and robotics & automation in major electronics manufacturing countries such as Japan, Taiwan and China is anticipated to drive the overall consumer electronics market which will have subsequent positive impact on the membrane switch market share by 2025.
High cost associated with repairing and maintenance of membrane switch is likely hinder the market growth in the forecast time period. However, growing application of membrane switches from electronics and consumer appliances industry will help generate positive outlook for the market in the near future.
Based on products, membrane switch market size is segmented into polyester, polycarbonate and others. Membrane switch visuals are covered with polyester due to its enhanced properties such as processability, hardness, aesthetics, durability, etc. to protect the switch from chemical and microbial attack. Polyester is widely used for its high tensile strength which reduces cracking as well as deformation. The promising properties of polyester are anticipated to increase its demand in the electronics as well as medical industry.
Based on application, membrane switch market share is segmented into industrial, medical, consumer goods and others. In medical industry, product finds application in laboratories, hospitals and other medical environments. The lightweight nature of membrane switches is anticipated to drive their application in medical devices. These switches are utilized in medical appliances such as handheld devices, hospital equipment, point of sale machines, patient monitors and various lab equipment. Furthermore, they are an ideal substitutes to mechanical switches mainly in the fitness industry. They are used in producing fitness keypads which are water and chemical resistant and can also be cleaned using traditional household cleaners.
Asia Pacific membrane switch market is the fastest growing region with a significant share captured in the total industry share. This growth is credited towards growing demand for consumer electronics and improving consumer living standards due to industrialization in the emerging nations. Also, rising investment in R&D facilities by the key electronics industry players to meet the strongly rising demand for advanced electronic products would make a significant positive impact on the overall membrane switch market share by 2025. For instance, electronics industry in India is anticipated to reach USD 400 billion by 2020, likely to register a significant increase in the coming years.
Another key region in the membrane switch market is North America which is anticipated to grow at a significant rate during the projected time period. This is due to presence of many integrated device manufacturers such as NVIDIA Corporation, Intel Corp., Texas Instruments Inc. which are likely to trigger the product demand and thereby resulting in driving the market size by 2025.
Key industry players in the membrane switch market share include XYMOX, Molex, Douglas Corporation, Human E&C, Epec engineered technologies, Bolin, KeeGroup, You-Eal Corp., ElecFlex, Henkel, GOT Interface, Lustre-Cal Corporation, Guangzhou KD Touch Electronics, Sunwoda, etc. These companies are developing infrastructure to carry out R&D activities. Other strategies followed by various industry players include technical innovation, expansion of production capacity, forming strategic partnerships, etc. For instance, Henkel acquired Bergquist’s membrane switches product line in 2014. This acquisition strengthened the company’s product portfolio, further establishing its position in the market.
Membrane Switch Market, By Product (USD Million)
Membrane Switch Market, By Application (USD Million)
- Consumer goods
Membrane Switch Industry, By Type (USD Million)
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Human E&C
- Douglas Corporation
- You-Eal Corporation
- Epec engineered technologies
- GOT Interface
- Lustre-Cal Corporation
- Guangzhou KD Touch Electronics
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