Global Waterproof Rocker Switches Market – Industry Analysis and Forecast (2019-Posted by rahul on December 7th, 2020 Global waterproof rocker switches market was US$ xx Bn in 2019 and is expected to reach US$ xx Bn by 2027, at a CAGR of 8% during forecast period.
The report has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis. Market Definition Rocker switches are very common components and manually actuated on-off switches which are widely found in various kinds of electronic circuits that enable power to be turned off or on. Waterproof rocker switches are designed and manufactured to use in various end-use applications or product to protect them from water intrusion. Market Dynamics A growing adoption of waterproof rocker switches in applications which require protection against water and dust intrusion, such as medical equipment, commercial appliances and outdoor power equipment is major driving factor behind the growth of market. A rising adoption of waterproof rocker switches in household appliances and in many harsh duty applications, increasing significance of waterproof rocker switches in outdoor power equipments and surge in the adoption of these rocker switches in various consumer electronics applications are expected to improve growth of market during forecast period. Nevertheless, massive availability of many different power on-off switches in the market is major restraining factor that could hamper the growth of market. Global Waterproof Rocker Switches Market: Segmentation Analysis By application, the global waterproof rocker switch market is segment into home appliances, automotive, marine, aerospace, and military and others. A surge in the adoption of waterproof rocker switches in various industrial applications such as in military field gear, welding equipment, joystick peripheral and in personal watercrafts is accredited to the growth of market. Global Waterproof Rocker Switches Market: Regional Analysis By region, Asia pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of xx% during forecast period. The economies such as China, Japan, India and South Korea are major key contributors behind the growth of market. The growth is attributed to the growing market for consumer electronics industry across the region and rising adoption of waterproof rocker switches in various consumer electronics products such as in computer power supplies. Rising adoption of waterproof rocker switches in home appliances and in automotive applications and increasing need for rocker switches to use in various applications and industries where a harsh environment demands a well engineered and robust solution are driving the growth of market in APAC region. The objective of the report is to present a comprehensive analysis of the Global Waterproof Rocker Switches Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Waterproof Rocker Switches Market dynamics, structure by analyzing the market segments and projects the Global Waterproof Rocker Switches Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Waterproof Rocker Switches Market make the report investor’s guide. Global Waterproof Rocker Switches Market, By Type • Single-Pole Waterproof Rocker Switches • Home Appliance • North America • CK Components Ajay Maximize About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Like it? Share it! More by this author |