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Top 5 Vendors in the Global Navigation Switch Market from 2017 to 2021 | Technavio
By: Business Wire
Oct. 12, 2017 03:03 PM
Technavio has announced the top five leading vendors in their recent global navigation switch market report. This market research report also lists the key application segments that are expected to impact the market during the forecast period.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171012006272/en/
Technavio has published a new report on the global navigation switch market from 2017-2021. (Graphic: Business Wire)
Competitive vendor landscape
According to the research analysis, the global navigation switch market has a limited number of players between whom the competition is intense. Most vendors operate across product lines and offer products to multiple industries, while other vendors deal with more niche segments and provide only a limited number of products to the defense industry. Vendors have started to shift their manufacturing bases to APAC for greater cost-effectiveness and an enhanced response time.
The need to generate a higher revenue and customer base expansion has forced global players to enter alliances with local players to serve the end-users adequately. The companies with better technical and financial resources secure an upper hand by developing innovative products at a faster rate than their competitors and make their products outdated even before they are launched, or their costs are recovered. Therefore, vendors must develop new technologies and stay abreast with emerging technologies that can compete with their product lines in the market.
“Although international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It is also forecasted that the improving global economic scenario will fuel market growth, thereby making it an ideal time to launch new products,” says Rohan Joy Thomas, lead embedded systems research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
Adafruit Industries is a private independent company that makes components and switches such as navigation switches. The company offers a broad range of product offerings including electronics, tools, and equipment. In 2015, Adafruit Industries was ranked 11th in the top 20 USA manufacturing companies.
APEM is a manufacturer of human-machine interface products and develops a range of switching products such as printed circuit board (PCB) switches, joysticks, LED indicators, and switch panels. APEM controls all stages of product development and production ranging from tooling, screw machining, moulding, to assembly and final inspection by its vertically integrated production. APEM's technical expertise enables continuous growth of product ranges, including navigation switches.
C&K components offers more than 50,000 standard products and almost 8.5 million switches. The customers of C&K switches are companies that manufacture and distribute electronics products. The switches offered by C&K are mostly used in the automotive, Internet of Things (IoT), industrial, wearables, telecom, medical, consumer products, point-of-sale (POS) terminals, and aerospace.
E-Switch is a manufacturer of electromechanical switches to the industry segments such as the telecom, medical, high tech, electronics, industrial, instrumentation, audio/visual, consumer appliances markets. The company's product line-up includes tact, pushbutton, anti-vandal, rocker, slide, DIP, toggle, rotary, snap action, keylock, power, and illuminated switches. Furthermore, E-Switch has a sales network ranging from local representatives to a vast distribution network.
Grayhill is a manufacturer of deck rotary switches (single and multi) with virtually limitless configurations and rugged construction. Most of the rotary switches by Grayhill are the US Military Standard (MIL) qualified to exacting mechanical, electrical, and environmental standards. The company offers options such as isolated positions, adjustable stops, spring returns, configurable keylock switches, and concentric shaft switches.
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