About LED Lantern
LED lantern is an LED rechargeable light source. This device is inflatable, collapsible and waterproof. This is a portable device widely used for camping purposes. In many countries, it is used as an emergency light during power outages. The portable LED lanterns to have advantages such as longer life span, lower energy consumption, reduced maintenance costs, and improved safety. These factors are raising demand for the product in construction sites and workshops.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Osram (Germany), Samsung (South Korea), Cree, Inc.(United States), Eaton Corporation (Ireland), General Electric (United States), Philips (Netherlands), TTK Prestige (India), Newell Brands (United States), Havells India Ltd. (India) and Eveready Industries (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Kavita Solar Energy Private Limited (India), Odoland (United States), Lighting Ever (United States), Streamlight (United States), Bolt Lite (United States) and Bigfoot Outdoor Products (United States).
Segmentation Overview
AMA Research has segmented the market of Global LED Lantern market by , Application (Personal Use and Commercial Use) and Region.
On the basis of geography, the market of LED Lantern has been segmented into 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). If we see Market by Body Material, the sub-segment i.e. Plastic will boost the LED Lantern market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the LED Lantern market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Type, the sub-segment i.e. Rechargeable will boost the LED Lantern market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rising Demand for Portable, Lightweight Lanterns during Camping and High Demand from Developing Nations for Emergency Lights during Power Outages
Challenges:
Issue Related Towards Voltage Sensitivity and Temperature Dependence of These Portable LED Lighting
Restraints:
High Cost of Product Compared To Traditional Fluorescent Lamps
Opportunities:
Rising Awareness Regarding Benefits of LED Lantern over Fluorescent Lantern and Rising Demand for Lanterns with Low Maintenance Costs
Market Leaders and their expansionary development strategies
In April 2023, Grote Industries is excited to announce we have acquired Star Headlight & Lantern Co., Inc. The acquisition will become part of the newly created Star Safety Technologies by Grote, a holding company wholly owned by Grote Industries, Inc.This addition to the Grote family of businesses demonstrates the commitment to embrace opportunities that will help to get closer to customers and grow and scale capability to innovate and bring safer, smarter products to the markets serve.
In March 2024, Volterrex by ISM Lighting, manufacturer of industrial-grade portable light solutions, announced the expansion of its line of Prosumer portable LED lighting products with the addition of the Volterrex LED Pro Lantern. Featuring four light settings, the innovative 4,000 lumen LED Pro Lantern illuminates any environment with 360° or 180° light, a Spotlight configuration that casts a beam like a hyper-powerful flashlight, and a Warning Light configuration that pulses a flashing beacon for emergency situations
Key Target Audience
LED Lantern Manufactures, LED Lantern Traders/Distributors/Suppliers, LED Lantern End-User, LED Lantern Raw Material Supplier, Potential Technology Investors, Downstream Vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.