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The Asia Pacific region holds a significant share of the overall market owing to rapid industrialisation. The rising disposable income in the region is increasing the demand for innovative technologies and equipment, which is bolstering the industry growth. Moreover, the robustly growing consumer electronics industry in countries such as India, China, and South Korea is surging the deployment of membrane switches, hence augmenting the industry growth. As various countries in the region are some of the leading manufacturing hubs, the demand for membrane switches in end-uses is significantly increasing. This is propelling the industry growth. In addition, the thriving healthcare industry in the region is escalating the demand for advanced medical devices. This is increasing the use of membrane switches, which is expected to invigorate the market growth.
Molex (NASDAQ: MOLX), one of the leading companies in the market, offers durable, lightweight, and low-profile membrane switches for integrating user interfaces and electronic components into various applications, such as medical, commercial, and industrial products. The company offers switches with micro-motion assemblies and one or more layers of silver or carbon conductors printed on polyester substrate layers. It also incorporates several electronic components, such as light emitting diodes, photo diodes resistors, and capacitors that are integrated into the switch using conductive adhesive technology. The membrane switch is resistant to shock and vibration, due to which they are ideal for commercial applications. Such properties make it ideal for use in several industries, such as defence, medical, telecommunication, and consumer electronics, among others. The development of such products is augmenting the market growth.
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The major players in the global membrane switch market are Molex, Xymox Technologies, Inc., Douglas Corporation, Dyna-Graphics Corporation, GOT Interface LLC, Epec, LLC, and Butler Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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