Global Stroboscope Market 2017-2021

Overview of the global stroboscope market

As per the Technavio’s market research report, the global stroboscope market is expected to grow at a steady rate and post a CAGR of close to 7% during the forecast period. The wide range of applications of stroboscopes in the automobile and engine industries will drive the growth prospects for the global stroboscope market until the end of 2021. The growth in automobile industry due to the improved economic conditions, rapid replacement of older vehicles, easier access to credit, and increased use of fuel-efficient auto models, will drive the demand for stroboscope as this device is used to check the ignition of the engine and valves in the engines. Additionally, the applications of stroboscopes in detecting the actual position at which the fuel injection valves open and the position of the crankshaft will further fuel the adoption rate of stroboscope to measure revolutions, velocity, and frequency of the moving objects.

The growing use of stroboscopes for underwater photography is one of the key trends observed in the global stroboscope market. Since external strobes allow the diver to shoot sharp photos by supplying light at high speed, the demand for stroboscopes for underwater photography is increasing among photographers. Moreover, the strobe light equipment of the battery powered strobe light can be changed to different positions while offering comfort to the user, which will again, fuel their demand among photographers.

Competitive landscape and key vendors

The global stroboscope market offers immense growth opportunities and witnesses intense competition between the established vendors and new entrants. The international vendors find small vendors as a threat since these small vendors provide products to domestic industries. Several international tachometer manufacturers are increasingly concentrating on expanding their geographic presence by developing innovative products and are also investing heavily in research and developmental activities and focusing on securing acquisitions to establish a firm place in this global digital tachometer market.

Key vendors in this market are -

• BBE
• Lutron Electronic Enterprise
• Monarch Instrument
• PCE Instruments
• Unilux

Other prominent vendors in the market include ACR Electronics, ELMED, FLIR Systems, Fluke, Hans Schmidt, Nidec-Shimpo, Rheintacho Messtechnik, SKF, SPM Instruments, and Tecpel.

Segmentation by application and analysis of the stroboscope market

• Industrial
• Healthcare
• Research and education

During 2016, the industrial segment accounted for the majority market share and will continue to dominate the digital tachometer market during the forecasted period. Various industries such as chemical, optical, textile, shipbuilding, and aircraft are extensively adopting stroboscopes as an essential industrial component. The stroboscope market is witnessing a huge demand for stroboscopes from the electrical industry as well since they are used for testing materials and in amplitude measurement. Similarly, the rate of adoption of stroboscopes is also increasing in the automotive industry since they are used in the study of fuel-injection equipment, test valves, and the inspection of nozzles, propellers, generators, and gear driving.

Segmentation by geography and analysis of the stroboscope market

• Americas
• APAC
• EMEA

The APAC region was the highest revenue contributor for the digital tachometer market during 2016 and will continue to dominate the market for the next four years. The increasing usage of electric motors, actuators, material handling equipment, and industrial robots in various industries will surge the demand for stroboscopes since it assists in determining factors such as quality and other control elements. Similarly, the growth in industrial automation equipment will also boost the demand for stroboscopes since it helps in the study of periodic motions and in determining the speed of rotating objects.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global stroboscope market?
• What are the key market trends impacting the growth of the global stroboscope market?
• What are the challenges to market growth?
• Who are the key vendors in the global stroboscope market?
• What are the market opportunities and threats faced by the vendors in the global stroboscope market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global stroboscope market?

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