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Jul 9, 2019 2:43 PM ET

DIP Switches Market Future Growth Prospect, Industry Report and Growing Demand Analysis till 2025


DIP Switches Market Future Growth Prospect, Industry Report and Growing Demand Analysis till 2025

iCrowd Newswire - Jul 9, 2019

DIP switch is a manual electric switch that is packaged with others in a group in a standard dual in-line package (DIP). The term may refer to each individual switch, or to the unit as a whole. This type of switch is designed to be used on a printed circuit board along with other electronic components and is commonly used to customize the behavior of an electronic device for specific situations.

DIP Switches industry is relatively concentrated; manufacturers are mostly in the Japan, Europe, United States and China. Among them, China sales accounted for more than 24.82% of global DIP Switches in 2016.

With the increasing in production capacity, expected that the DIP Switches raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of DIP Switches.

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There are companies aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

The average price of DIP Switches will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology, cost of raw materials, as well as the substitute threat.

The global DIP Switches market is valued at 360 million US$ in 2018 is expected to reach 460 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2019-2025.

This report includes the following manufacturers; we can also add the other companies as you want.

TE Connectivity
CTS Electronic Components
Grayhill
Inc
Omron
Apem(IDEC)
Wurth Electronics
C&K Components
Nidec Copal Electronics
NKK Switch
ALPS
Hartmann
ITW Group
Gangyuan
KNITTER-SWITCH
Dailywell
CWT
E-Switch

Segment by Type

Rotary-style

Slide-style

Rocker-style

Others

Segment by Application

Consumer Electronics & Appliances

Telecommunications

Others

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Keywords:    DIP Switches Market

Tags:    Research Newswire, English