Market Highlights: A drive light is a light source that is usually carried bu an underwater driver, as it helps to illuminate the underwater environment. There is need for drive lights in various circumstances as during nighttime dives while searching inside sunken vessels or vehicles, examining underwater structures, diving at great depths and others. The market study is being classified by Type (Torch Body, Lantern Body, Canister Body, Pistol Grip Body and Others), by Application (Civil and Military) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Dive Lights are Bigblue Dive Lights (United States), Dive Rite (United States), IkeliteUnderwaterSystems (United States), Intova (Australia), Light & Motion (Sweden), LightMonkeyEnterprisesLLC (United States), PelicanProductsInc. (United States), Tovatec (United States), Underwater Kinetics (United States) and UnderwaterLight Dude (United States).
The Bulb Type, such as LED, is boosting the Dive Lights market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Major Market Development Highlights In August 2019, the UK developed its new market that leading underwater light for the marine industry. The new launch product QTS-100 is a small and powerful underwater light which provides 20,000+ lumens of light. In February 2020, SEAC has launched 3 new dive lights and 5 upgraded dive lights within the R-series. Almost all lights can be used both as a primary light with a spotlight.
Key Questions Answered in the Report What will the Dive Lights Market size and the growth rate be in Future? What are the key factors driving the Dive Lights Market? What are the key market trends and macro-economic impacting the growth of the Dive Lights Market? What are the challenges to market growth? Who are the key vendors in the Dive Lights Market? What are the market opportunities and threats faced by the vendors in the Dive Lights Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Dive Lights Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dive Lights market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dive Lights market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material suppliers, Distributors/traders/wholesalers/suppliers, Commercial research and development (RandD) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Regulatory bodies, including government agencies and NGO, Trade associations and industry bodies and End-use industries. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.