Global Touch Screen Switches Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Capacitance Touch Switch, Resistance Touch Switch, Piezo Touch Switch), By End-User (Industrial, Commercial, Residential), And By Geography - Forecasts From 2021 To 2026

A switch is an electric component that is used to control a circuit. Pressing the switch closes the system while releasing it, reverts the circuit to an open state. A modern spin on the traditional switches has been bought through the introduction of touch screen switches. A touch screen switch is a special type of touch switch incorporated with a screen that displays an array of options. It operates on a tactile sensor. There are broadly three categories of touch screen switches namely: Capacitance Touch Switch, Resistance Touch Switch, and Piezo Touch Switch.

Touch screen switches are the elegant switchboard panels attached with an end device controller enabling the control of home appliances via panel touch or wireless commands. The screen can be of the following kind: Resistive, Surface Capacitive, Surface Acoustic Wave Touch or Infrared Touch Screen. 

There are numerous appliances where the touch screen switches can be used like all-in-one computers, car GPS, medical equipment, interactive screens, vending machines, fuel pumps, factory machines, cash registers, and many more. These screen switches provide high definition clarity and brightness, automatic response, and interactivity. They are user-friendly, resilient, and mobile in nature. But care must be adopted while using it because of delicate sensors and screens.

The rapid expansion of the internet and wireless technology is bringing in a revolution and the touch screen switch market will expand by leaps and bounds providing numerous opportunities for the vendors to grow and hence increasing the market size. These touch screen switches are complementary to modern devices, indicating a rise in the market size.

Segmentation by end-user includes usage in the residential front of consumer electronics and commercial and industrial uses include professional applications like healthcare machinery, billing devices, etc. 

Growth Factors.

• Technological advancement and innovation.

The global touch screen switch market is expected to observe significant growth over the period owing to the increasing smart devices production. Scientific improvement has resulted in a significant shift from traditional large, slow, and clicks technology-based switches to a high-speed, sleek touch screen board. Convenient usage, accessibility, and ergonomic features are the key factors driving the technology. Constant development in touch display components coupled with new innovative and more feature-based touch screen switches is expected to provide bright prospects for industry growth. The multi-touch display has resulted in a tremendous rise in global touch screen switch technology market share and will help manufacturers reap profits. The introduction of new hardware technology is also expected to contribute significantly towards overall industry growth shortly. Features including biometric scanning, gesture sensing, and voice command make use of these display types for efficient functioning. This new interface has enhanced the speed & accuracy which in turn is expected to contribute significantly towards industry growth.

• Accessibility and mobility.

One of the major advantages of touch screen technology as a whole is the ease of use. Traditional switches were coupled with numerous wires making them bulky, and limiting usage. While, these switch panels are compact, mostly wireless with a variety of uses. This advantage is most obvious when it comes to portable devices and wireless technology. These switch panels also come with assistive technology making them truly accessible. The switch panels are also used for special needs education and activities. This can open up new market avenues. Diversified application of touch screen switches has a high probability of expanding the existing market and creating new markets.

Restrains.

• Increase in the cost of raw materials and high competition.

The incorporation of touch screen switches in several devices and structures has stipulated its growth. But it has been observed that this growth has led to an increment in the cost of raw materials and an ever-increasing cost of production. These incidents throw a challenge to the producers. Moreover, the availability of raw materials can act as a restraining factor and eventually slow down the expected growth. A second inhibiting factor of growth is the presence of high competition. As the new firm enters the market the cost of production is expected to fall but it also leads to falling in the level of profit-share. Stringent competition may cause a contraction of the market growth.

COVID-19 Impact On Global Touch Screen Switches Market

The COVID-19 pandemic has exerted an effect on the global touch switch market. The lockdown imposed has compressed production, distribution, and financial aspects of the market. Also, there have been disruptions in the supply chain of raw materials and resource mobilization. Businesses deploying or designing such systems are taking this time to re-evaluate current practices to ensure the safety of the utmost device, both now and in the future. The pandemic has bought in certain innovations like self-maintaining devices, responding to the touch of a gloved finger or stylus, and bezel-less screen which can drive up the demand taking the industry to the expected growth rate.

Competitive Insights.

The market leaders for the Global Touch Switches Market are Schneider Electric, Legrand, Anchor Electricals Pvt Ltd, Livolo, Honeywell International, Inc. The key players in the market implement growth strategies such as product launches, mergers, acquisitions, etc. to gain a competitive advantage over their competitors. For Instance,

• Schneider Electric has launched a new series of glass touch panels in 2020, Legrand launched a series of touch screen switches named Lyncus in 2019 while Anchor launched a home automation system and added new products to their Ave range of switches in 2018-2019 giving them an edge in the competition. Schneider Electric has also acquired several firms over the years. Its recent acquisition includes L&T (electrical and automation) and ETAP in 2020.
• Honeywell International, Inc has acquired over 50 firms making it a multinational conglomerate. SineHQ, Sparta Systems, and Fiplex are its latest acquisitions.

Global Touch Screen Switches Market Scope:

Segmentation:

• By Type
  • Capacitance Touch Switch
  • Resistance Touch Switch
  • Piezo Touch Switch
• By End-User
  • Industrial
  • Commercial
  • Residential
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Japan
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the base year considered in the touch screen switches market report?
A1. 2019 has been taken as the base year in the touch screen switches market report.

Q2. Who are the major players in the touch screen switches market?
A2. The market leaders for the global touch screen switches market are Schneider Electric, Legrand, Anchor Electricals Pvt Ltd, Livolo, Honeywell International, Inc.

Q3. How is the global touch screen switches market segmented?
A3. The global touch screen switches market has been segmented by type, end-user, and geography.

Q4. What factors are anticipated to drive the touch screen switches market growth?
A4. The touch screen switch market is expected to observe significant growth over the period owing to the increasing smart devices production.

Q5. Which region holds the largest market share in the touch screen switches market?
A5. North America dominates the global touch screen technology market and is expected to continue its leading position over the next few years.