The global kinetic switches market, currently valued at $670.6 million, is predicted to expand at a noteworthy compound annual growth rate (CAGR) of 10.1% from 2022 to 2032, according to detailed industry research by Fact.MR.

With the surging usage of smart devices, and the emergence of technology such as Internet of Things (IoT) devices, connectivity requirements are skyrocketing, leading to increasing disposable income, technological upgradation, product development and a rapid rise in IoT.

An increase in the sales of smart devices has also driven up the demand for wireless switch products.

“Advanced smart home devices will provide a route to scaling kinetic switch sales over the coming years,” a Fact.MR analyst says.

Kinetic switches are available with built-in microenergy converters. When the switch panel is on, kinetic transforms that movement into energy to power internal radio systems and transmit signals to connected appliances. Wires, back boxes, and make holes in the wall are no longer needed for kinetic switches, like before, and make operations much easier.

Owing to technological developments in IoT, demand for kinetic switches due to their cost-saving factor and low construction cost is expected to witness significant growth over the coming years.

Key takeaways from the Fact.MR industry research includes the market to reach $1.76 billion by 2032, with sales of kinetic switches increasing at 6% CAGR between 2017 and 2021, with the study also showing North America is leading the global market with a 31.9% share in 2021, while the demand for kinetic switches is expected to increase at CAGRs of 9.7% and 11.4% in Europe and South Asia and Oceania, respectively.