DUBLIN, June 8, 2023 /PRNewswire/ -- The "Audible & Visual Signaling Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Audible and Visual Signaling Devices estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.4 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
Strobe Beacons, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Lighting segment is readjusted to a revised 3.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $339.2 Million, While China is Forecast to Grow at 6.2% CAGR
The Audible and Visual Signaling Devices market in the U.S. is estimated at US$339.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$333.8 Million by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$323.8 Million by the year 2030.
Select Competitors (Total 68 Featured) -
- Auer Signal GmbH
- E2s Warning Signals
- Eaton Corporation PLC
- Federal Signal Corporation
- Moflash Signalling Ltd.
- Patlite Corporation
- Pfannenberg Group Holding GmbH
- Potter Electric Signal Company LLC
- R. Stahl AG
- Tomar Electronics, Inc.
- WERMA Signaltechnik GmbH + Co. KG,
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Safety at Work Place Throws the Focus on Audible and Visual Signaling Devices
- An Introduction to Audible & Visual Signaling Devices
- Audible & Visual Signaling Devices: Current Market Scenario and Outlook
- Developing Regions Emerge as Core Markets for AV Signaling Devices
- Revenue Contribution of Developed Regions Remains High
- Product Segment Analysis
- Strobe Beacons Dominate the Market
- Lighting Systems: Another Major Product Category
- Bells & Horns Remain Sought After Industrial Safety Tools
- Growing Importance of Fire Alarms
- Economic Scenario and its Influence on AV Signaling Devices Market
- Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
- Audible & Visual Signaling Devices - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Workplace Accidents Fuels Demand for AV Signaling Devices
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Audible and Visual Signaling Devices: Breakdown of Annual Work Related Fatalities (In Thousand) in the World by Region
- Growing Emphasis on Industrial Safety Creates Fertile Environment for Growth of Audible & Visual Signaling Devices Market
- Industrial Safety Regulations Underpin Market Growth
- Market Stands to Gain from Rapidly Evolving Role of Industry 4.0 and 'Smart Factory' in the Global Industrial Landscape
- Major Industry 4.0 Technologies (2020E): Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines
- Global Manufacturing CAPEX Spending (In US$ Million) by Sector for the Period 2016-2018
- Industrial IoT Gives Impetus to Market Expansion
- Oil & Gas Sector: Major Consumer of AV Signaling Devices
- Sustained Reliance on Fossil Fuels and Ensuing Demand for Oil Bodes Well for Market Expansion: Global Crude Oil Production (in Mt) by Region for the Years 2014, 2016 and 2018
- Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
- North American E&P Capital Spending in $ Billion by Type of Company (2017-2019)
- Chemical & Pharmaceutical Enterprises Rely on AV Signaling Devices to Ensure Workplace Safety
- AV Signaling Devices Gain Traction in Food & Beverage Facilities
- Product Innovations & Improvements
- Growth in LED Lighting Solutions to Propel the Market for AV Signaling Devices
- Flourishing E-Commerce Sector to Drive Growth Opportunities
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ex6ljy
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