The global market for navigation switches is expected to reach US$ 560 million in 2022 and US$ 1250 million by 2032, with a CAGR of 8.4% for the forecast period (2022-2032). The market for navigation switches worldwide is anticipated to grow as a result of several factors.
The rising demand for automotive safety systems is one of the key growth factors for the navigation switch market. Manufacturers are increasingly integrating cutting-edge technologies to improve safety as cars become safer and more secure.
In the upcoming years, the market for navigation switches is anticipated to experience revenue growth due to a growing vendor preference for safety.
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The navigation switches market refers to the market for devices that are used to navigate and control electronic devices, such as mobile phones, gaming consoles, and other consumer electronics. Navigation switches are also known as directional switches or control switches.
The navigation switches market is driven by the increasing demand for user-friendly and intuitive navigation and control interfaces. Navigation switches provide a simple and efficient way to navigate and control electronic devices, making them popular in a wide range of consumer electronics.
The market for navigation switches is also supported by advancements in technology, which have led to the development of new materials and designs that improve the performance and efficiency of navigation switches. In addition, the growing adoption of Internet of Things (IoT) devices is expected to drive the growth of the navigation switches market, as IoT devices require simple and intuitive navigation and control interfaces.
Who are the Key Players in the Navigation Switches Market?
Due to the presence of a limited number of established players, the navigation switch market is moderately concentrated. Several vendors compete fiercely based on availability, price, quality, and size in the market.
The key vendors in the global navigation switch market are
- Adafruit Industries,
- GPS,
- Marine Navigation System,
- Inertial Navigation System,
- Surgical Navigation System,
- Robotic Navigation,
- APEM, C&K Components,
- E-Switch,
- Grayhill
and others. Collaborating with other players in the navigation switches market is the key strategy followed by major market vendors to gain a competitive edge.
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How is the Start-up Ecosystem in the Navigation Switches Market?
As navigation switches are operating in multiple product lines and catering to multiple industries, some niche players serve a limited segment of consumers and the defense industry.
- Honeywell launches new products to increase productivity and efficiency across the supply chains.
- Northrop Grumman is ready to acquire the company i.e., Rival Orbital.
- Arista Networks announced the acquisition of Big Switch Networks on 13th February 2020, an SDN (Software Defined Networking) pioneer. Arista’s software platform CloudVision and DANZ (Data Analyzer) capabilities will be strengthened by the acquisition of Big Switch.
Key Segments
By Type:
- 5-Way
- 4-Way
By Application:
- Gaming Consoles
- Aircraft
- Automobiles
By Sales Channel:
- Direct
- Indirect
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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