Industry Background:
A dive light is a light source carried by an underwater diver to illuminate the underwater atmosphere. Additionally, Scuba divers generally carry self-contained lights, but surface supplied divers may carry lights powered by cable supply. The growth of the global tourism industry has a great impact in the economic growth in various destinations, especially the mass tourist places such as the coastal regionsThis growth is primarily driven by Increasing Industrial & Constructional Activity Coupled with Disposable Income
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Electronics sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Light & Motion (United States), Underwater Kinetics (United States), Bigblue Dive Lights (United States), Princeton Tec (United States), Panasonic (Japan), Pelican Products Inc. (United States), Sartek Industries Inc. (United States), Tovatec (United States), Dive Rite (United States), EDGE-HOG Dive Gear (United States), Hollis (United States) and AQUATEC (DUTON INDUSTRY CO., LTD.) (Taiwan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Surging Interest in Leisure Activities
Market Growth Drivers:
Increasing Industrial & Constructional Activity Coupled with Disposable Income and Upsurging Coastal Tourism in Developed Economies
Challenges:
Government Initiatives Such as Awareness Projects and Events Revolving Around Marine Conservation
Restraints:
Lack of Proper Diving Training in Developing Economies and Underdeveloped Nations
Opportunities:
Technological Advancements in Scuba Diving Light
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Dive Light Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Dive Light Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Dive Light players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dive Light Study Sheds Light on
The Dive Light Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dive Light industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dive Light industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.