Global Rocker Switch Market Size, Share & Industry Trends Analysis Report By Switching Configuration (Double Break and Single Break), By Vertical (Automotive, Instrumentation, Aerospace, HVAC), By Regional Outlook and Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Rocker Switch Market
Market Report Description
The Global Rocker Switch Market size is expected to reach $8 billion by 2028, rising at a market growth of 4.2% CAGR during the forecast period.
A rocker switch is a type of switch that, when pressed, moves back and forth by raising one end and depressing the other, much like a seesaw, as opposed to tripping or remaining depressed. The switch has an on the side and an offside, it is typically marked with a "1" for on and a "0" for off. Rocker switches are the most prevalent type of switch in homes.
A rocker switch alternates between two states, often on and off. Because it is so simple to use and requires just a small amount of pressure and motor skills to activate, it is frequently used in houses for light switches. It makes it simple to locate and use even in the dark. Like other switch types, a rocker switch can have a variety of characteristics, such as indicators or a larger switch surface to make it easier to find in the dark.
Consumers can see the switch's status due to indicator lights; most inexpensive switches merely have an "on" indicator light. Indicator lights on specialized rocker switches which are used as toggle switches for states or modes other than on or off typically differ for each mode or condition. Applications range from automobiles, boats, and military-grade aircraft, and they are frequently used in residences and home appliances. One of the most often used switches is the rocker switch.
The rocker switch's operation is quite straightforward. When the switch is pushed from the ON to the OFF/OFF to the ON state, the movable contact tilts, thereby creating an electrical connection. Two major parts of this switch are an actuator and contacts. To turn the switch ON and OFF, the actuator moves and exerts a force on the contacts, while the contacts themselves determine whether it is on or off.
The contacts would be closed once this switch is switched ON. Therefore, the contacts will be contacted in this position to permit current to pass between them. Similar to this, the contacts will be forced into an open state whenever the identical switch is switched OFF. There is no current flow between these contacts once they are in the open position since they won't touch.
COVID-19 Impact Analysis
Lockdowns have been imposed in many of the world's major nations as a result of the COVID-19 pandemic disease outbreak. Several industries, including those in the automotive, aerospace, consumer electronics, chemical, pharmaceutical, and oil & gas sectors, have been significantly impacted by the strict controls put in place to stop the virus's spread. Along with these industries, rocker switch end-use sectors like aircraft, HVAC, and instruments also saw a decline in demand, which harmed the market. In addition, this would likely take some time for the damage to subside due to a lack of electronic instruments and equipment, the disruption of supply chains and production facilities, and falling stock market prices.
Market Growth Factors
Increase In Electric Vehicle Adoption
Electric car use is increasing noticeably over the world as a result of its eco-friendly and affordable characteristics. Additionally, the lightweight nature of rocker switches and their distinctive design are promoting their use in electric vehicles. Because of this, businesses in the rocker switch market are seeing significant commercial potential. Additionally, actions taken by governments of various countries to promote the usage of electric vehicles are anticipated to drive rocker switch sales in the years to come. Due to their usability, rocker switches are used in several automotive systems, including power door locks, heated seats, grids for rear windows, and power windows.
Waterproof Rocker Switches
The extensive use of the product in home appliances, including anything from heavy machinery controls to power switches on the back of laptops, as well as in military field equipment, is anticipated to be the main factor driving the growth of the waterproof rocker switches market. Market expansion is being significantly fueled by the growing acceptance of waterproof rocker switches in equipment such as commercial appliances, medical equipment, and outdoor power equipment that requires protection against water and dust penetration. Waterproof rocker switches are the best choice for tactical military applications like rifle sights and night vision systems because they can function in extreme and hostile situations. This is another element that is anticipated to fuel market growth for waterproof rocker switches.
Market Restraining Factors
Alternatives for various power on/off switches are available
Toggle switches and switches both turn the electricity on and off. Toggles have a little more "snap" and rockers seem to need a little more force to flip, which is the main functional difference. Electrical toggle switches work by moving a lever back and forth back and forth to open or close a circuit. Two types of toggle switches are maintained contact and transient contact. A maintained switch, like an ON/OFF function, changes its position when actuated and stays there until actuated again. Momentary toggle switches are only activated when they are in use. Toggle switches are made in a variety of styles and with several mounting choices.
Switching Configuration Outlook
On the basis of Switching Configuration, the Rocker Switch market is segmented into Double Break, and Single Break. The double breaks segment acquired the highest revenue share in the rocker switch market in 2021. When overhead clearance is constrained and short interphase distances are required, the double side break design is advantageous. In EHV applications where a dynamically partially mitigated blade is advantageous, the switch is perfect. Double break switches are easy to use and the availability of this rocker switch propels the market growth.
Based on the Vertical, the Rocker Switch market is classified into Automotive, Instrumentation, Aerospace, HVAC, and Others. The aerospace segment recorded a substantial revenue share in the rocker switch market in 2021. It is because there are two different shapes for rocker switches used in aerospace, such as "V" and "H." While in flight or on the ground, the pilot will find it simpler to turn on and off due to its form. These switches also offer added features like backlighting or switch-mounted lights. Circuits are opened and closed by switches. One or more pairs of contacts make up each one.
|Market size value in 2021||USD 6 Billion|
|Market size forecast in 2028||USD 8 Billion|
|Historical Period||2018 to 2020|
|Forecast Period||2022 to 2028|
|Revenue Growth Rate||CAGR of 4.2% from 2022 to 2028|
|Number of Pages||157|
|Number of Tables||270|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Switching Configuration, Vertical, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region-wise, the Rocker Switch market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region garnered the highest revenue share in the rocker switches market in 2021. Due to the availability of high-end improved technologies, rising demand for smart electronics, and expansion of the manufacturing sector, Asia-Pacific is the region with the most potential for the rocker switch market. China, Japan, India, and South Korea are among the potential markets at the moment; the other countries in the Asia-Pacific region are small but developing economies. The rocker switch market is growing as a result of technological advancement by the emerging economies in the Asia-Pacific region.
Free Valuable Insights: Global Rocker Switch Market size to reach USD 8 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Carling Technologies, Inc. (Littelfuse, Inc.), Eaton Corporation PLC, Emerson Electric Co., Honeywell International, Inc., Leviton Manufacturing Co., Inc., NKK SWITCHES Co., Ltd., APEM (IDEC Corporation), Everel Group SpA, and E-Switch, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Switching Configuration
- Double Break
- Single Break
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Carling Technologies, Inc. (Littelfuse, Inc.)
- Eaton Corporation PLC
- Emerson Electric Co.
- Honeywell International, Inc.
- Leviton Manufacturing Co., Inc.
- NKK SWITCHES Co., Ltd.
- APEM (IDEC Corporation)
- Everel Group SpA
- E-Switch, Inc.
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What would be the size of the Rocker Switch Market by 2028?
The Rocker Switch Market size is projected to reach USD 8 billion by 2028.
What are the key driving factors and challenges in the Rocker Switch Market?
Increase In Electric Vehicle Adoption are driving the market in coming years, however, Alternatives for various power on/off switches are available which restraints the growth of the market.
What are the major top companies in the competitive landscape?
ABB Group, Carling Technologies, Inc. (Littelfuse, Inc.), Eaton Corporation PLC, Emerson Electric Co., Honeywell International, Inc., Leviton Manufacturing Co., Inc., NKK SWITCHES Co., Ltd., APEM (IDEC Corporation), Everel Group SpA, and E-Switch, Inc.
At what CAGR is the Rocker Switch Market estimate to grow in the forecast period?
The expected CAGR of the Rocker Switch Market is 4.2% from 2022 to 2028.
Which segment is leading the market in 2021?
The Automotive segment is leading the Global Rocker Switch Market by Vertical in 2021, thereby, achieving a market value of $2.9 billion by 2028.
Which region dominated the Rocker Switch Market in 2021?
The Asia Pacific market dominated the Global Rocker Switch Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.9 billion by 2028.