9/17/2002 - The global switch market has grown by over $800 million since 1991, and will reach US$ 3.3 billion in 2002. The exhibit below portrays shares of the global switch market by major regional market for 1991, compared to 2002. With regard to the three main market regions of the global switch market:
Due mainly to slow, yet steady, increases in the demand for products that utilize electromechanical switches, a period of flat growth should be ending, and a global rebound should occur for the consumption of many switch types, according to John Gordon, VDC's switch market analyst. Gordon goes on to say, "This is forecast to happen starting sometime in the first half of 2003 as demand slowly penetrates many vertical markets in the United States, Great Britain, France, China, and several other major country markets globally." In its recent study, released in September 2002, VDC forecasts the following for the global switch market:
According to forecasts found in VDC's newest research: The 2002 Global Switch Market Intelligence Service, worldwide consumption of switches will total US$ 3,335.7 million in 2002 and is forecast to reach US$ 3,748.0 million in 2006, growing at a compound annual rate (CAGR) of 3.0%. The forecast period will be characterized by three distinct phases:
About Venture Development Corporation
VDC is a technology market research and strategy firm. We have over 30 years of experience in providing market research, strategic analysis and consulting services to technology companies worldwide. VDC offers its clients a wide variety of research solutions tailored to meet their strategic business needs. These include highly customized consulting engagements, ongoing research services and select industry investigations. Through our considerable industry contacts, we also provide services related to acquisitions and the generation of key account leads.
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