Global Membrane Switch Market Outlook 2017-2022

The global membrane switch market is expected to display higher growth rate over the next seven years. The membrane switch market is subject to witness a substantial growth due to the rapid growth in electronics and semiconductor industries. Increasing adoption of membrane switches in consumer appliances like TV remote control, washing machine and air conditioner. 

Increasing demand from Asia Pacific region owing to growing manufacturing sector and rising demand for consumer electronic products are estimated to drive the growth of membrane switch market over the forecast period. Globally, the membrane switch market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the membrane switch market.

Increasing demand from BRICS economies such as Brazil, Russia, India, China and South Africa is key contributing factors for market growth in the recent years. Membrane switches are increasingly used for remote monitoring of televisions and air-conditioners. Growing adoption of membrane switches for washing machines and microwave ovens control boards is estimated to drive market demand for membrane switches over the forecast period. 

Increasing demand for consumer electronic products owing to improved living standards coupled with rising per capita income in both developed and developing economies across the globe are propelling industry expansion as well in the last few years. 

Increasing demand for membrane switches from healthcare sector is expected to play a vital role in the future industry growth of membrane switch market. Factors responsible for increasing adoption of membrane switches in medical devices include increase in research & development activities in healthcare sector and rising medical expenditure in developing economies across the globe coupled with extensive research & development activities in healthcare sector. 

The recent technological advancement in the healthcare sector and development of novel medical equipment are anticipated to stimulate market demand over the upcoming years. Use of membrane switches in medical equipment offer multiple advantages over traditional devices, thereby drive market demand in the past few years, which is expected to fuel growth over the forecast period.

Membrane touch based switches are surrounded by thick polyester layer, which offers required level of hardness, durability, easier operational capability and aesthetics. These polyester layer helps to condense the switch panel both chemically and microbial resistant. These factors are forecasted to amplify market value of membrane switches. Use of polycarbonate film for switch membranes offers additional advantages such as superior electrical characteristics, good dimensional stability, and low moisture absorption.

The membrane switch market is broadly categorized into three major segments based on the application type such as industrial sector, medical segment and consumer goods. The industrial sector is considered as one of the fastest growing segment in the membrane switch market with substantial revenue generation in the last few years. Growing popularity of membrane switch in the consumer electronic goods segment is attributed to the increasing demand from Asia Pacific region and higher market penetration. 

The membrane switch market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in semiconductor industry, increase in the number of research & development activities in the region and existence of well-established industrial infrastructure. 

Asia-Pacific region is predicted to hold major market share in the membrane switch market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, robust growth in electronic sector, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the membrane switch market are Molex, Inc., Xymox Technologies Inc., Douglas Co., Dyna Graphics Co., GOT Interface LLC, Esterline Technologies Co., Epec LLC, Butler Technologies Inc., Design Mark Industries Inc., Nelson Miller, Inc., Lustre-Cal Co., Hankel Co., Sytek Enterprise, Inc., Geneva Group International (GGI) Solutions, Schurte, Fascia Graphics Ltd., You-Eal Co., and Shenzhen Lunfeng Technology Co., Ltd. 

The global market for membrane switch will grow at a CAGR of 11.6% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (instrumentation, industrial control, medical, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the membrane switch market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the membrane switch market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the membrane switch market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global membrane switch market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the instrumentation, industrial control, medical, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global membrane switch market.

Key Applications
- Instrumentation
- Industrial Control
- Medical

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Douglas Corporation
- Dyna-Graphics Corporation
- Epec
- Esterline
- Fujikura
- GOT Interface
- Molex
- Xymox Technologies
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global membrane switch market?
- What are the challenges to market growth?
- Who are the key players in the membrane switch market?
- What are the market opportunities and threats faced by the key players?