About LED Flashlight
LED Flashlight is a portable, battery-operated device used for illumination of light. It consists of a circuit that uses basic electronic components to create an LED flashlight for emergency purposes. They use one or more than dry cell batteries to operate the flashlight, hence LED becoming the source. These flashlights are used for various purposes in different formats. LED as the source of technology in light is expected to take over the conventional methods such as CFL and CCFL lighting market due to its advanced features. Furthermore, it is a cost-effective solution for all lighting solutions as well as other application purposes. Hence the rising need for saving energy consumption in lights has made the market for LED flashlight to grow in forecasted years.
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global LED Flashlight market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SureFire (United States), LED Lenser (United States), Pelican (United States), NovaTac (United States), Maglite (United States), Nite Ize (United States), Dorcy (United States), Streamlight (United States), Lumapower (Hong Kong) and Princeton (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Supfire (China) and Fenix (China).
Segmentation Overview
AMA Research has segmented the market of Global LED Flashlight market by Type (Rechargeable LED Flashlight and Non-rechargeable LED Flashlight), Application (Home, Industrial, Military and Others) and Region.
On the basis of geography, the market of LED Flashlight 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).
Influencing Trend:
Development of Wireless Technology for Portable LED
Market Growth Drivers:
High Demand for Portable LED Lighting by the Modernization and Development of Infrastructure Such as Smart Cities and Rising Benefits of these Flashlights such as Cost and Energy-Efficient, Long-Lasting and Lightweight in Nature
Challenges:
Concern Related Towards Poor Heat Dissipation and High Cost of Material and Processing
Restraints:
High Initial Cost Restricts the Growth of the Market and Issue Related Towards voltage sensitivity and temperature dependence of these Portable LED Lighting
Opportunities:
Increase in Government Focus on Energy Saving Solutions in terms of Light and Rising Number of People which Need Lights for the Purpose of Way to Go Lights
Market Leaders and their expansionary development strategies
In AUGust 2023, Aputure it has acquired film and broadcast lighting maker Prolycht for an undisclosed amount in order to bolster its professional lighting technology.Prolycht is far from a household name, even among lighting professionals since the brand is relatively new.
In April 2023, Wolf Safety Launches 2 New High-Power ATEX Compact Safety LED Torches. The 2 new straight bodied torches are ATEX, IECEX and UKEX certified for safe use in potentially explosive atmospheres, with the TS-65 approved for use in gas Zone 0 and dust Zone 21, and the TS-60 for gas Zone 1 and dust Zone 21.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, End-User, Suppliers and Distributors 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.