What is Capacitive Touch Switches Market?
The global capacitive touch switches market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising demand of smart appliances across different industries and growing demand from the industrial applications are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Highlights from Capacitive Touch Switches Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB Group (Switzerland), AVE Spa (Italy), DNA GROUP (Finland), Fujitsu (Japan), Bestek (China), Legrand (France), Molex (United States), OMRON (Japan), Panasonic (Japan), Schneider Electric (France), Schurter (Switzerland), Siemens (Germany), Xymox Technologies, Inc. (United States) and Zennio Avance y Tecnología S.L. (Spain) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that Japan Manufacturers will contribute to the maximum growth of Global Capacitive Touch Switches market throughout the forecasted period.
ABB Group (Switzerland), AVE Spa (Italy), DNA GROUP (Finland), Fujitsu (Japan), Bestek (China), Legrand (France), Molex (United States), OMRON (Japan), Panasonic (Japan), Schneider Electric (France), Schurter (Switzerland), Siemens (Germany), Xymox Technologies, Inc. (United States) and Zennio Avance y Tecnología S.L. (Spain) are some of the key players profiled in the study. Capacitive Touch Switches Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Residential, Commercial and Industrial |
Type | Touchscreen Light Switches, Touchscreen Integration Switches and Touchscreen Electromotion Curtain Switches |
Industry Verticals | Consumer Electronics,Manufacturing,Medical & Healthcare,Automotive & Transportation,Aerospace & Defense,Others |
Sales Channel | Online,Offline |
On the basis of geography, the market of Capacitive Touch Switches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Machine Learning (ML) in Capacitive Touch Switches
Market Growth Drivers:
Rising Adoption of Smart Appliances Across Different Industries and Increasing Demand from the Industrial Applications Owing to Rising Adoption of Automated Technologies
Challenges:
Reduced Sales Owing to the Current COVID-19 Pandemic which has Caused an Economic Recession Across the World
Restraints:
High Initial Costs
Opportunities:
Opportunities in the Asia Pacific Region
Stringent Government Regulations Regarding the Shutting Down of Operations Across Different Industries which is Leading to Reduced Sales in the Market