Signaling Devices Market Research Report By Size and Share

Signaling Devices Market to 2025 - Global Analysis and Forecast by Type (Control Devices, Audible Devices, Visual Devices), Application (Fire & Signaling devices, Hazardous Area Signaling, Wide Area Signaling) and End-User (Warehouse & Factories, Mining, Commercial, Marine, Others)

Publication Month : May 2017

  • Report Code : TIPTE100000382
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 179
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[Research Report] The Signaling Devices market is expected to grow from US$ 1588.9 Mn in 2017 to US$ 2675.3 Mn by 2025 at a CAGR of 6.7% between 2017 and 2025.

The Signaling Devices market report focuses on an in-depth segmentation of this market based by type, application, and end-user industry. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by respective countries. By end-user vertical warehouse and factories sector accounted for the largest share of the signaling devices market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.

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Signaling Devices Market: Strategic Insights

signaling-devices-market-research-report
Market Size Value inUS$ 1588.9 Million in 2017
Market Size Value byUS$ 2675.3 Million by 2025
Growth rateCAGR of 6.7% from 2018-2025
Forecast Period2018-2025
Base Year2018
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Every year more than 37,000 fire and explosion accidents occurs in industries and manufacturing areas, leading to loss of property and life. Costly breakdowns, material shortages or manufacturing environment safety are some of the concerns need to be addressed with signaling devices installation in industries. Signaling devices by geography is segmented as North America, Europe, APAC, SAM and MEA. North America and Europe being most developed region globally and are also having strict government safety regulations, therefore is expected to account around 60% of the total signaling devices market. Many of the industrial, mining, oil & gas plants as well as commercial segment across the globe are facing serious issues related to explosion and accidents due to lack of on-time hazardous warning.

Report Coverage



The report aims to provide an overview of global signaling devices market with detailed market segmentation. Also, it analyzes the current signaling devices market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide porter’s five forces analysis and SWOT analysis for all company profiled in the Signaling Devices market report.

North America is one of the prominent regions in signaling devices market which will contribute highest revenue globally due to growing automation in manufacturing plants and petrochemical units requiring integrated operating and monitoring systems for harsh and hazardous locations. Rapidly growing economies in Asia-Pacific (APAC) which includes countries such as Japan and South Korea are two of the booming electronic device market, further fueling the growth of signaling devices market in APAC. Some of the key players of signaling devices market include ABB Ltd., Eaton Corporation PLC (Cooper Industries), Emerson Electric, Honeywell International Inc., L-3 Communication Holding, Inc., R.STAHL Inc., Rockwell Automation, Siemens AG, Thales Group and Werma Signaltechnik GmbH + Co. KG among others.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , Application and End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Signaling Devices Market

  1. ABB Ltd.
  2. Eaton Corporation PLC (Cooper Industries)
  3. Emerson Electric
  4. Honeywell International Inc.
  5. L-3 Communication Holding, Inc.
  6. R.STAHL Inc.
  7. Rockwell Automation
  8. Siemens AG
  9. Thales Group
  10. Werma Signaltechnik GmbH + Co. KG

 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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