Membrane switch materials have high demand from various sectors such as semiconductor manufacturing industries which is projected to drive growth of the global membrane switch market significantly during the forecast period. Rising development in electronics industry is estimated to augment demand in the next ten years. In addition, ongoing R&D has discovered numerous benefits over other alternatives such as mechanical and rubber switches, which is projected to fuel growth of the target market over the forecast period.
The global membrane switch market report has been segmented on the basis of product, application, and region.
On the basis of product, the global membrane switch market has been segmented into polyester, polycarbonate, and others. The polycarbonate membrane switch segment is estimated to account for major share in terms of revenue in the global membrane switch market over the forecast period. Also, these segment is also estimated to register fastest growth over the forecast period owing to its high solvent resistance and better PTF ink compatibility.
On the basis of application, the global membrane switch market has been segmented into industrial, medical, and consumer goods. The industrial segment is estimated to account for major share in the global membrane switch market in terms of revenue, owing to its excellent moisture resistance and water resistance properties.
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On the basis of region, the global membrane switch market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market in Asia Pacific is estimated to account for significant revenue share in the global membrane switch market. The membrane switch market in Asia Pacific is projected to register fastest growth in terms of revenue in the next five years, owing to increasing demand from medical and consumer goods sectors in the countries in the region.
Key players operating in the global market include Molex, LLC, Xymox Technologies, Inc., DOUGLAS CORPORATION, Dyna-Graphics, GOT Interface, LLC, Esterline Technologies Corporation, Epec, LLC, Butler Technologies, Inc., Design Mark Industries, Inc., and Nelson-Miller, Inc.