According to Cognitive Market Research, the global membrane switch market size will be USD 8215.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3286.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2464.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1889.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 410.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 164.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The polyester held the highest membrane switch market revenue share in 2024.
