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Synopsis
Whenever a switching mechanism relies on a mechanical action to change the direction or orientation of path continuity within its terminal base, it is referred to as an electromechanical switch. These switches can often be hampered by a short cycle life due to the inherent wear and tear associated with mechanical operation, but there are many switches that still can maintain a significant amount of cycles before signal and mechanical degradation. There is a huge array of electromechanical switches on the market. Rotary switches are found on old TVs and radios, and any other device with a switch that ‘clicks’ from location to location along a circular path. Rocker switches are also incredibly common, especially in a simple on-off configuration. Many power supplies include them as an alternate means of clamping off power without the need to unplug the device. They are also very common in automotive areas since they usually have a high cycle life and can be made to be very durable. Toggle switches act like rocker switches, but usually rely on a lever instead of a button for the switching actuator. It’s intended to provide an easier accessibility to the unit and can be switched with a simple up-down motion rather than a pushing motion. The Switches industry can be broken down into several segments, Tactile, Slide, Rotary, Encoder, Toggle, Push, Detect, Micro, Power, etc.
The global Switches market was valued at US$ 5358.4 million in 2023 and is anticipated to reach US$ 6786.8 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.
Global key players of switches include Littelfuse(C&K SWITCHES&Carling), ALPS, TE Connectivity, etc. The top three players hold a share about 28%. Asia-Pacific is the largest market, has a share about 54%, followed by Europe and North America, with share 25% and 17%, separately.
This report aims to provide a comprehensive presentation of the global market for Switches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Switches.
Report Scope
The Switches market size, estimations, and forecasts are provided in terms of output/shipments (M Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Switches market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Switches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Littelfuse(C&K SWITCHES&Carling)
ALPS
TE Connectivity
Omron
Grayhill
CTS
Apem
ITW Switches
Bulgin(Arcolectric)
E-Switch
OTTO
NKK Switches
Eaton
Schneider
Honeywell
TOPLY
Nidec Copal Electronics
Channel Electronic
Panasonic
Bourns
Electroswitch
EAO
Lorlin
Leviton
ELMA
Segment by Type
Tactile
Slide
Rotary
Encoder
Toggle
Push
Detect
Micro
Power
Others
Segment by Application
Military
Aerospace
Commercial
Industrial
Healthcare
Automotive
White Goods
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Switches manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Switches by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Switches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Whenever a switching mechanism relies on a mechanical action to change the direction or orientation of path continuity within its terminal base, it is referred to as an electromechanical switch. These switches can often be hampered by a short cycle life due to the inherent wear and tear associated with mechanical operation, but there are many switches that still can maintain a significant amount of cycles before signal and mechanical degradation. There is a huge array of electromechanical switches on the market. Rotary switches are found on old TVs and radios, and any other device with a switch that ‘clicks’ from location to location along a circular path. Rocker switches are also incredibly common, especially in a simple on-off configuration. Many power supplies include them as an alternate means of clamping off power without the need to unplug the device. They are also very common in automotive areas since they usually have a high cycle life and can be made to be very durable. Toggle switches act like rocker switches, but usually rely on a lever instead of a button for the switching actuator. It’s intended to provide an easier accessibility to the unit and can be switched with a simple up-down motion rather than a pushing motion. The Switches industry can be broken down into several segments, Tactile, Slide, Rotary, Encoder, Toggle, Push, Detect, Micro, Power, etc.
The global Switches market was valued at US$ 5358.4 million in 2023 and is anticipated to reach US$ 6786.8 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.
Global key players of switches include Littelfuse(C&K SWITCHES&Carling), ALPS, TE Connectivity, etc. The top three players hold a share about 28%. Asia-Pacific is the largest market, has a share about 54%, followed by Europe and North America, with share 25% and 17%, separately.
This report aims to provide a comprehensive presentation of the global market for Switches, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Switches.
Report Scope
The Switches market size, estimations, and forecasts are provided in terms of output/shipments (M Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Switches market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Switches manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Littelfuse(C&K SWITCHES&Carling)
ALPS
TE Connectivity
Omron
Grayhill
CTS
Apem
ITW Switches
Bulgin(Arcolectric)
E-Switch
OTTO
NKK Switches
Eaton
Schneider
Honeywell
TOPLY
Nidec Copal Electronics
Channel Electronic
Panasonic
Bourns
Electroswitch
EAO
Lorlin
Leviton
ELMA
Segment by Type
Tactile
Slide
Rotary
Encoder
Toggle
Push
Detect
Micro
Power
Others
Segment by Application
Military
Aerospace
Commercial
Industrial
Healthcare
Automotive
White Goods
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Switches manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Switches by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Switches in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Switches Market Overview
1.1 Product Definition
1.2 Switches Segment by Type
1.2.1 Global Switches Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Tactile
1.2.3 Slide
1.2.4 Rotary
1.2.5 Encoder
1.2.6 Toggle
1.2.7 Push
1.2.8 Detect
1.2.9 Micro
1.2.10 Power
1.2.11 Others
1.3 Switches Segment by Application
1.3.1 Global Switches Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Military
1.3.3 Aerospace
1.3.4 Commercial
1.3.5 Industrial
1.3.6 Healthcare
1.3.7 Automotive
1.3.8 White Goods
1.3.9 Others
1.4 Global Market Growth Prospects
1.4.1 Global Switches Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Switches Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Switches Production Estimates and Forecasts (2019-2030)
1.4.4 Global Switches Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Switches Production Market Share by Manufacturers (2019-2024)
2.2 Global Switches Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Switches, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Switches Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Switches Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Switches, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Switches, Product Offered and Application
2.8 Global Key Manufacturers of Switches, Date of Enter into This Industry
2.9 Switches Market Competitive Situation and Trends
2.9.1 Switches Market Concentration Rate
2.9.2 Global 5 and 10 Largest Switches Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Switches Production by Region
3.1 Global Switches Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Switches Production Value by Region (2019-2030)
3.2.1 Global Switches Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Switches by Region (2025-2030)
3.3 Global Switches Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Switches Production by Region (2019-2030)
3.4.1 Global Switches Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Switches by Region (2025-2030)
3.5 Global Switches Market Price Analysis by Region (2019-2024)
3.6 Global Switches Production and Value, Year-over-Year Growth
3.6.1 North America Switches Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Switches Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Switches Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Switches Production Value Estimates and Forecasts (2019-2030)
4 Switches Consumption by Region
4.1 Global Switches Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Switches Consumption by Region (2019-2030)
4.2.1 Global Switches Consumption by Region (2019-2024)
4.2.2 Global Switches Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Switches Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Switches Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Switches Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Switches Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Switches Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Switches Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Switches Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Switches Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Switches Production by Type (2019-2030)
5.1.1 Global Switches Production by Type (2019-2024)
5.1.2 Global Switches Production by Type (2025-2030)
5.1.3 Global Switches Production Market Share by Type (2019-2030)
5.2 Global Switches Production Value by Type (2019-2030)
5.2.1 Global Switches Production Value by Type (2019-2024)
5.2.2 Global Switches Production Value by Type (2025-2030)
5.2.3 Global Switches Production Value Market Share by Type (2019-2030)
5.3 Global Switches Price by Type (2019-2030)
6 Segment by Application
6.1 Global Switches Production by Application (2019-2030)
6.1.1 Global Switches Production by Application (2019-2024)
6.1.2 Global Switches Production by Application (2025-2030)
6.1.3 Global Switches Production Market Share by Application (2019-2030)
6.2 Global Switches Production Value by Application (2019-2030)
6.2.1 Global Switches Production Value by Application (2019-2024)
6.2.2 Global Switches Production Value by Application (2025-2030)
6.2.3 Global Switches Production Value Market Share by Application (2019-2030)
6.3 Global Switches Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Littelfuse(C&K SWITCHES&Carling)
7.1.1 Littelfuse(C&K SWITCHES&Carling) Switches Corporation Information
7.1.2 Littelfuse(C&K SWITCHES&Carling) Switches Product Portfolio
7.1.3 Littelfuse(C&K SWITCHES&Carling) Switches Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Littelfuse(C&K SWITCHES&Carling) Main Business and Markets Served
7.1.5 Littelfuse(C&K SWITCHES&Carling) Recent Developments/Updates
7.2 ALPS
7.2.1 ALPS Switches Corporation Information
7.2.2 ALPS Switches Product Portfolio
7.2.3 ALPS Switches Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ALPS Main Business and Markets Served
7.2.5 ALPS Recent Developments/Updates
7.3 TE Connectivity
7.3.1 TE Connectivity Switches Corporation Information
7.3.2 TE Connectivity Switches Product Portfolio
7.3.3 TE Connectivity Switches Production, Value, Price and Gross Margin (2019-2024)
7.3.4 TE Connectivity Main Business and Markets Served
7.3.5 TE Connectivity Recent Developments/Updates
7.4 Omron
7.4.1 Omron Switches Corporation Information
7.4.2 Omron Switches Product Portfolio
7.4.3 Omron Switches Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Omron Main Business and Markets Served
7.4.5 Omron Recent Developments/Updates
7.5 Grayhill
7.5.1 Grayhill Switches Corporation Information
7.5.2 Grayhill Switches Product Portfolio
7.5.3 Grayhill Switches Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Grayhill Main Business and Markets Served
7.5.5 Grayhill Recent Developments/Updates
7.6 CTS
7.6.1 CTS Switches Corporation Information
7.6.2 CTS Switches Product Portfolio
7.6.3 CTS Switches Production, Value, Price and Gross Margin (2019-2024)
7.6.4 CTS Main Business and Markets Served
7.6.5 CTS Recent Developments/Updates
7.7 Apem
7.7.1 Apem Switches Corporation Information
7.7.2 Apem Switches Product Portfolio
7.7.3 Apem Switches Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Apem Main Business and Markets Served
7.7.5 Apem Recent Developments/Updates
7.8 ITW Switches
7.8.1 ITW Switches Switches Corporation Information
7.8.2 ITW Switches Switches Product Portfolio
7.8.3 ITW Switches Switches Production, Value, Price and Gross Margin (2019-2024)
7.8.4 ITW Switches Main Business and Markets Served
7.7.5 ITW Switches Recent Developments/Updates
7.9 Bulgin(Arcolectric)
7.9.1 Bulgin(Arcolectric) Switches Corporation Information
7.9.2 Bulgin(Arcolectric) Switches Product Portfolio
7.9.3 Bulgin(Arcolectric) Switches Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Bulgin(Arcolectric) Main Business and Markets Served
7.9.5 Bulgin(Arcolectric) Recent Developments/Updates
7.10 E-Switch
7.10.1 E-Switch Switches Corporation Information
7.10.2 E-Switch Switches Product Portfolio
7.10.3 E-Switch Switches Production, Value, Price and Gross Margin (2019-2024)
7.10.4 E-Switch Main Business and Markets Served
7.10.5 E-Switch Recent Developments/Updates
7.11 OTTO
7.11.1 OTTO Switches Corporation Information
7.11.2 OTTO Switches Product Portfolio
7.11.3 OTTO Switches Production, Value, Price and Gross Margin (2019-2024)
7.11.4 OTTO Main Business and Markets Served
7.11.5 OTTO Recent Developments/Updates
7.12 NKK Switches
7.12.1 NKK Switches Switches Corporation Information
7.12.2 NKK Switches Switches Product Portfolio
7.12.3 NKK Switches Switches Production, Value, Price and Gross Margin (2019-2024)
7.12.4 NKK Switches Main Business and Markets Served
7.12.5 NKK Switches Recent Developments/Updates
7.13 Eaton
7.13.1 Eaton Switches Corporation Information
7.13.2 Eaton Switches Product Portfolio
7.13.3 Eaton Switches Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Eaton Main Business and Markets Served
7.13.5 Eaton Recent Developments/Updates
7.14 Schneider
7.14.1 Schneider Switches Corporation Information
7.14.2 Schneider Switches Product Portfolio
7.14.3 Schneider Switches Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Schneider Main Business and Markets Served
7.14.5 Schneider Recent Developments/Updates
7.15 Honeywell
7.15.1 Honeywell Switches Corporation Information
7.15.2 Honeywell Switches Product Portfolio
7.15.3 Honeywell Switches Production, Value, Price and Gross Margin (2019-2024)
7.15.4 Honeywell Main Business and Markets Served
7.15.5 Honeywell Recent Developments/Updates
7.16 TOPLY
7.16.1 TOPLY Switches Corporation Information
7.16.2 TOPLY Switches Product Portfolio
7.16.3 TOPLY Switches Production, Value, Price and Gross Margin (2019-2024)
7.16.4 TOPLY Main Business and Markets Served
7.16.5 TOPLY Recent Developments/Updates
7.17 Nidec Copal Electronics
7.17.1 Nidec Copal Electronics Switches Corporation Information
7.17.2 Nidec Copal Electronics Switches Product Portfolio
7.17.3 Nidec Copal Electronics Switches Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Nidec Copal Electronics Main Business and Markets Served
7.17.5 Nidec Copal Electronics Recent Developments/Updates
7.18 Channel Electronic
7.18.1 Channel Electronic Switches Corporation Information
7.18.2 Channel Electronic Switches Product Portfolio
7.18.3 Channel Electronic Switches Production, Value, Price and Gross Margin (2019-2024)
7.18.4 Channel Electronic Main Business and Markets Served
7.18.5 Channel Electronic Recent Developments/Updates
7.19 Panasonic
7.19.1 Panasonic Switches Corporation Information
7.19.2 Panasonic Switches Product Portfolio
7.19.3 Panasonic Switches Production, Value, Price and Gross Margin (2019-2024)
7.19.4 Panasonic Main Business and Markets Served
7.19.5 Panasonic Recent Developments/Updates
7.20 Bourns
7.20.1 Bourns Switches Corporation Information
7.20.2 Bourns Switches Product Portfolio
7.20.3 Bourns Switches Production, Value, Price and Gross Margin (2019-2024)
7.20.4 Bourns Main Business and Markets Served
7.20.5 Bourns Recent Developments/Updates
7.21 Electroswitch
7.21.1 Electroswitch Switches Corporation Information
7.21.2 Electroswitch Switches Product Portfolio
7.21.3 Electroswitch Switches Production, Value, Price and Gross Margin (2019-2024)
7.21.4 Electroswitch Main Business and Markets Served
7.21.5 Electroswitch Recent Developments/Updates
7.22 EAO
7.22.1 EAO Switches Corporation Information
7.22.2 EAO Switches Product Portfolio
7.22.3 EAO Switches Production, Value, Price and Gross Margin (2019-2024)
7.22.4 EAO Main Business and Markets Served
7.22.5 EAO Recent Developments/Updates
7.23 Lorlin
7.23.1 Lorlin Switches Corporation Information
7.23.2 Lorlin Switches Product Portfolio
7.23.3 Lorlin Switches Production, Value, Price and Gross Margin (2019-2024)
7.23.4 Lorlin Main Business and Markets Served
7.23.5 Lorlin Recent Developments/Updates
7.24 Leviton
7.24.1 Leviton Switches Corporation Information
7.24.2 Leviton Switches Product Portfolio
7.24.3 Leviton Switches Production, Value, Price and Gross Margin (2019-2024)
7.24.4 Leviton Main Business and Markets Served
7.24.5 Leviton Recent Developments/Updates
7.25 ELMA
7.25.1 ELMA Switches Corporation Information
7.25.2 ELMA Switches Product Portfolio
7.25.3 ELMA Switches Production, Value, Price and Gross Margin (2019-2024)
7.25.4 ELMA Main Business and Markets Served
7.25.5 ELMA Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Switches Industry Chain Analysis
8.2 Switches Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Switches Production Mode & Process
8.4 Switches Sales and Marketing
8.4.1 Switches Sales Channels
8.4.2 Switches Distributors
8.5 Switches Customers
9 Switches Market Dynamics
9.1 Switches Industry Trends
9.2 Switches Market Drivers
9.3 Switches Market Challenges
9.4 Switches Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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