Global Beacon Lights Market 2017-2021

Overview of the global beacon lights market

Market research analysts at Technavio predict that the global beacon lights market will grow steadily at a CAGR of over 9% by 2021. This market research analysis identifies the increase in deployment of defense and medical vehicles as one of the primary growth factors for this market. The recent years witnessed a significant growth in the military vehicles and ambulance and emergency medical service vehicles market. Owing to factors such as the increase in disposable income, better attention towards healthcare, and the increasing number of hospitals and health centers, there will be a significant growth in the adoption of emergency vehicles and ambulances, which will in turn, boost the growth of the beacon lights market.

With the changing climatic conditions, the coming years will witness the development of beacon lights that offer the option to change the intensity of light based on climatic changes. According to this market research and analysis, this availability of the customization options of light beams will be one of the major trends that will gain traction in the beacon lights market during the next four years.

Competitive landscape and key vendors

The beacon lights market appears to be competitive due to the presence of many established players. Vendors in this market compete based on factors such as product features, innovation, performance, quality, low cost, selling price, distribution, and financial stability. It is important for vendors to differentiate their product and service through a clear and unique proposition to succeed and survive in this intensely competitive environment.

The leading vendors in the market are -

• General Electric
• Honeywell
• Schneider Electric

The other prominent vendors in the market include Schneider Electric, WERMA Signaltechnik, Federal Signal Corporation, ESAFETY LIGHTS, Larson Electronics, NSI International, Eaton, and Hadco Group.

Segmentation by application and analysis of the beacon lights market

• Industrial sector
• Navigation
• Defense communication

During 2016, the defense communication segment accounted for the major shares and dominated this market. Significance of these beacon lights in various applications such as the provision of warning during incursions, visibility to troops at night, and identifying the location of the enemy troops and its capability to patrol control room vehicles, will fuel the market’s growth prospects in this segment.

Geographical segmentation and analysis of the beacon lights market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. APAC is the largest exporter of goods across the globe. Most of the region’s export occurs through seaways that require active port and dockyard facilities such as proper navigation systems and lighthouses. This will boost the growth of the beacon lights market in this region. The dense population in countries such as China, India, and Japan which demands the need for emergency services such as fire vehicles and ambulances will also drive the beacon lights market in APAC.

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 beacon lights market?
• What are the key market trends impacting the growth of the global beacon lights market?
• What are the challenges to market growth?
• Who are the key vendors in the global beacon lights market?
• What are the market opportunities and threats faced by the vendors in the global beacon lights market?
• 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 beacon lights market?

Technavio also offers customization on reports based on specific client requirement.

Beacon lights have been gaining momentum in several sectors like industrial, navigation and defensive communication across various application segments for transferring information, alarming signals, providing navigation and visibility to ships at night. Technavio’s reports for the hardware and semiconductor industry cover a broad range of product markets including lighting, sensors, and semiconductor equipment. Additionally, to help clients achieve a combative edge over their peers in the market, Technavio also offers detailed information on many parameters including the changing consumer patterns and the attributes, which will propel the growth of the vendors in the hardware and semiconductor industry.

Technavio’s team of market research specialists implement a rigorous approach of primary and secondary research techniques and take into consideration an extensive analysis of the factors, which will create an impact on the demand for different categories of products and services across distinct geographical territories. To help clients work out improved growth strategies, our upcoming industry research report on global beacon lights market for the forecast period of 2017 to 2021 offers operational insights devised from the data compiled from sound sources of intelligence such as manufacturers, decision makers, channel partners, and regulatory bodies.

This upcoming report on global beacon lights market also considers the growth of analogous markets such as  HYPERLINK "/report/global-lighting-global-infrared-light-emitting-diode-market-2017-2021?utm_source=TNWriter&utm_medium=TNSite&utm_campaign=Abstract" infrared light emitting diodes and industrial lighting, which are expected to grow at a CAGR of almost 12% and about 2%, respectively by 2021. As observed by our market research analysts, the increased demand for lighting sources that have zero impact on the environment will be one of the chief factors driving the lighting industry’s  growth in the coming years. Based on many client’s requirements, Technavio also provides customized reports, which will help local vendors and players targeting niche customer segments establish their presence in the hardware and semiconductor market.

The upcoming industry research report for global beacon lights market also furnishes the market drivers, approaching trends, and the challenges currently faced by the lighting industry and also presents insights into upcoming sectors like computing devices, displays, human machine interface, and embedded systems.