North America LED Flashlight Market to 2027 - Regional Analysis and Forecasts by Type (Rechargeable LED Flashlight and Non-Rechargeable LED Flashlight); Application (Residential, Commercial, and Military & Law Enforcement)
Publication Month: Oct 2019
Report Code: TIPRE00007123 No. of Pages: 99 Category: Electronics and Semiconductor Status: Published
The North America LED flashlight market accounted to US$ 385.2 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 – 2027, to account to US$ 516.5 Mn by 2027.
The US, Canada, and Mexico are the regions covered in the North American LED flashlight market. The availability of efficient infrastructure in the developed nations has enabled the manufacturing companies to explore the limits of science, technology, and commerce. The US is a developed country in terms of modern technology, a standard of living, infrastructure, and many others. The region witnessed technological advancements, which has result in a highly competitive market. North America is a hub of technological development which is encompassed with economically robust countries. Incorporating LEDs into flashlights enables the technology to be portable and compact, which is suitable for a workforce who uses a flashlight during the case of an emergency where brightness is important for performing or equipment repairs or rescue operations. Further, North America is witnessing a huge demand for LED flashlights among residential, commercial building, and more. This factor would help to increase the penetration of entire lighting sales.
Market Insights
Rising penetration of LED lighting and supportive government initiatives to drive the demand
The popularity and penetration of LED lighting have grown at an unprecedented rate during the past few years. The usage of LED-based lighting solutions in both residential and commercial applications is rising at a fast pace owing to falling prices of LED and increasing technological advancements in LED technology. According to International Energy Agency (IEA) statistics, the global uptake of LED-based lighting has been increasing at a substantial rate, and in the global residential sector, it rose from 5% market share in 2013 to reach 40% market share in the year 2018. The lowering costs of LED is another complementing factor that is anticipated to fuel the overall adoption of LED-based lighting solutions worldwide owing to positive initiatives taken by various countries. In addition, government initiatives to phase out inefficient halogen lamps and fluorescent lights and to introduce minimum quality standards for LED lighting are projected to drive the growth of the LED market worldwide.
Growing usage of LED flashlights as a safety tool in hazardous situations
With the evolving lighting technologies and improvement in materials, the adoption of LED-based flashlights is growing at an impressive pace in military & marine operations, law enforcement, oil & gas industries, and mining, among other industries. Many manufacturers are offering a wide variety of tactical LED flashlights that can be deployed in hazardous environments. The companies operating in the LED flashlight market are continuously working on improving their products in terms of weight and lifespan to meet the specific requirements of diverse industries. The LED flashlights are quickly replacing traditional incandescent flashlights owing to their benefits such as lightweight, high power, long lifespan, high efficiency, and long-range. Explosion-proof LED flashlights are a perfect example of technology advancements in the LED flashlight market. Hence, the demand for durable, safe, and innovative LED flashlights, especially in hazardous work environments, is anticipated to drive the future growth of the North American LED flashlight market.
Type Insights
The LED flashlight market by type is segmented into a rechargeable LED flashlight, and a non-rechargeable LED flashlight. In 2018, the rechargeable LED flashlight segment held the largest share in the LED flashlight market and it is anticipated to continue its dominance during the forecast period of 2019 to 2027.
Application Insights
The LED flashlight market by application is segmented into residential, commercial, and military & law enforcement. LED flashlights provides varied advantages over traditional filament bulb flashlights. This type of LED flashlights are broadly utilize by common public, industries, commercial places, firefighters, military, and law enforcement. As these batteries last longer, so there run-times is longer. In 2018, the commercial segment held the largest share in the LED flashlight market and it is anticipated to continue its dominance during the forecast period of 2019 to 2027.
Get more information on this report : Mexico LED flashlight Market by Type
Strategic Insights
New product development was observed as the most adopted strategy in the LED flashlight market. Few of the recent developments are listed below;
2019: Listening to feedback from fire departments who need a rugged, lightweight, hands-free lighting solution with a powerful piercing beam, Nightstick created the NSP-4640B FORGE and XPP-5465R IS FORGE helmet lights.
2019: The new INOVA T8R PowerSwitch Dual Color Rechargeable LED Flashlight, Nite Ize offers high-quality illumination solutions that address the needs of serious flashlight users
2018: Pelican Products Inc. introduced the Pelican 5 Series LED slide beam flashlights. The Pelican 5 Series flashlight line was developed with industrial workers in mind.
NORTH AMERICA LED FLASHLIGHT MARKET SEGMENTATION
North America LED Flashlight Market, By Type
- Rechargeable LED Flashlight
- Non-Rechargeable LED Flashlight
North America LED Flashlight Market, By Application
- Residential
- Commercial
- Military & Law Enforcement
North America LED Flashlight Market, By Country
- US
- Canada
- Mexico
North America LED flashlight Market - Company Profiles
- Bayco Products Inc.
- Browning International S.A.
- Dorcy International
- Energizer Holdings Inc.
- Larson Electronics, LLC
- Mag Instrument Inc.
- Nite Ize INc.
- Pelican Products, Inc.
- Streamlight Inc.
- Surefire LLC
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 LED Flashlight North America Market, By Type
1.3.2 LED Flashlight North America Market, By Application
1.3.3 LED Flashlight North America Market, By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. LED Flashlight- Market Landscape
4.1 Overview
4.2 Pest Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. LED Flashlight Market – Key Industry Dynamics
5.1 Key Market Driver
5.1.1 Rising penetration of LED lighting and supportive government initiatives to drive the demand
5.2 Key Market Restraint
5.2.1 Lack of standardization and availability of alternative products
5.3 Key Market Opportunity
5.3.1 Increasing demand for energy-efficient lightning solutions over conventional ones
5.4 Future Trend
5.4.1 Growing usage of LED flashlights as a safety tool in hazardous situations
5.5 Impact Analysis of Drivers and Restraints
6. LED Flashlight Market– North America Market Analysis
6.1 LED Flashlight North America Market Overview
6.2 LED Flashlight North America Market Revenue and Forecasts to 2027
6.3 Market Positioning – Five Key Players
7. LED Flashlight Market Analysis – By Type
7.1 Overview
7.2 LED Flashlight North America Market Breakdown, By Type, 2018 & 2027
7.3 Rechargeable LED Flashlight
7.3.1 Overview
7.3.2 Rechargeable LED Flashlight Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Non-Rechargeable LED Flashlight
7.4.1 Overview
7.4.2 Non-Rechargeable LED Flashlight Market Revenue and Forecasts to 2027 (US$ Mn)
8. LED Flashlight Market Analysis– By Application
8.1 Overview
8.2 LED Flashlight North America Market Breakdown, By Application, 2018 & 2027
8.3 Residential
8.3.1 Overview
8.3.2 Residential Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Military & Law Enforcement
8.5.1 Overview
8.5.2 Military & Law Enforcement Market Revenue and Forecasts to 2027 (US$ Mn)
9. LED Flashlight Market – Country Analysis
9.1 Overview
9.1.1 North America LED Flashlight Market Breakdown, By Country
9.1.1.1 US LED Flashlight Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.1.1 US LED Flashlight Market Breakdown, By Type
9.1.1.1.2 US LED Flashlight Market Breakdown, By Application
9.1.1.2 Canada LED Flashlight Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.2.1 Canada LED Flashlight Market Breakdown, By Type
9.1.1.2.2 Canada LED Flashlight Market Breakdown, By Application
9.1.1.3 Mexico LED Flashlight Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.3.1 Mexico LED Flashlight Market Breakdown, By Type
9.1.1.3.2 Mexico LED Flashlight Market Breakdown, By Application
10. LED Flashlight Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger & Acquisition
10.4 New Product Development
11. Company Profiles
11.1 Bayco Products Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Browning International S.A
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Dorcy International
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Energizer Holdings Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Larson Electronics, LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Mag Instrument Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Nite Ize INc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Pelican Products, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Streamlight Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Surefire LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America LED Flashlight market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The List of Companies
- Bayco Products Inc.
- Browning International S.A.
- Dorcy International
- Energizer Holdings Inc.
- Larson Electronics, LLC
- Mag Instrument Inc.
- Nite Ize INc.
- Pelican Products, Inc.
- Streamlight Inc.
- Surefire LLC