Rotary Switches Market Insights Video

According to Cognitive Market Research, the global Rotary Switches market size was USD 915.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.50% 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 366.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 274.65 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 210.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 45.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% 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 18.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• The Industrial end-use segment is the dominant category in the rotary switches market. Industrial applications, including manufacturing and machinery, extensively use rotary switches for their durability, precision, and ease of use in controlling equipment