DIP Switches Market 2019-2024
A 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 Japan, Europe, United States, and China. Among them, China sales accounted for more than 24.82% of global DIP Switches in 2016.
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With the increase 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.
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.
According to this study, over the next five years, the DIP Switches market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 430 million by 2024, from US$ 360 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in DIP Switches business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of DIP Switches market by product type, application, key manufacturers and key regions and countries.
This study considers the DIP Switches value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Consumer Electronics & Appliances
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
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The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.
CTS Electronic Components
Nidec Copal Electronics
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global DIP Switches consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of DIP Switches market by identifying its various sub-segments.
Focuses on the key global DIP Switches manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the DIP Switches with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of DIP Switches submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Jennifer Daniel
Organization: Planet Market Reports