Strobe and Beacons Market, by Product Type (LED Strobe Beacons and Gas Strobe Beacons), by End-use Industry (Oil and Gas, Food and Beverages, Energy and Power, Mining, Manufacturing/Machine Building, Chemical and Pharmaceutical, Commercial and Civil, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
A strobe light or stroboscopic lamp, commonly called a strobe is a device that produces regular flashes of light. Strobe lights usually use flashtubes with energy supplied from a capacitor. Beacons can be combined with semaphoric or other indicators to provide important information such as, the flight status, by the color and rotational pattern of its airport beacon. A strobe beacon is a flashing electric lamp used several industries as an attention-getting device, either to warn of possible hazards, or to attract potential customers. Strobe beacons are similar to rotating beacons but are more energy efficient and also more reliable & less fragile. Moreover, strobe beacons is adopted in various sectors such as retail, healthcare, travel & tourism, and education, owing to its benefits such high degree of accuracy as compared to other geo-location technology, and low impact on the device’s battery life.
Market Dynamics
Rising investments in proximity marketing and improved features of beacon such as safety & security, employee & asset monitoring, and others are expected to fuel growth of the global strobe and beacons market over the forecast period. Proximity marketing target potential customers with personalized advertisements based on the customer location to attract the customer for product purchase. Investments in proximity marketing is expected to fuel due to several factors such as improved customer relationship, high possibility of conversion of successful sales, enhanced personalized experience, real-time and inexpensive nature as compared to the traditional marketing. Thus, rising popularity of proximity marketing is expected to drive growth of the global strobes and beacon market over the forecast period. However, concerns related to privacy & security and usage of wireless signaling devices instead of strobe and beacons are the factors, which are expected to hamper the global strobe and beacons market growth during the forecast period.
Market Taxonomy
This report segments the global strobe and beacons market on the basis of product type, end-use industry, and region. On the basis of product type, the global strobe and beacons market is segmented into LED strobe beacons and gas strobe beacons. On the basis of end-use industry, the global strobe and beacons market is segmented into oil and gas, food and beverages, energy and power, mining, manufacturing/machine building, chemical and pharmaceutical, commercial and civil, and others, and on the basis of region, the global strobe and beacons market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Key features of the study:
This report provides an in-depth analysis of the global strobe and beacons market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global strobe and beacons market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global strobe and beacons market includes, PATLITE Corporation, WERMA Signaltechnik GmbH + Co. KG, Eaton Corporation PLC (Cooper Industries), Federal Signal, Rockwell Automation, Inc., Siemens, Schneider Electric, Potter Electric Signal Company, LLC, Honeywell International Inc., Tomar Electronics, ECCO SAFETY GROUP, Auer Signal, Pepperl+Fuchs AG, Mircom, and Emerson Electric Co. among others. These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global strobe and beacons market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global strobe and beacons market
Detailed Segmentation:
Global Strobe and Beacons Market, By Product Type:
LED Strobe Beacons
Gas Strobe Beacons
Global Strobe and Beacons Market, By End-use Industry:
Oil and Gas
Food and Beverages
Energy and Power
Mining
Manufacturing/Machine Building
Chemical and Pharmaceutical
Commercial and Civil
Others
Global Strobe and Beacons Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
PATLITE Corporation *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
WERMA Signaltechnik GmbH + Co. KG
Eaton Corporation PLC (Cooper Industries)
Federal Signal
Rockwell Automation, Inc.
Siemens
Schneider Electric
Potter Electric Signal Company, LLC
Honeywell International Inc.
Tomar Electronics
ECCO SAFETY GROUP
Auer Signal
Pepperl+Fuchs AG
Mircom
Emerson Electric Co
*Browse all the market data tables and figures on “Global Strobe and Beacons Market - Forecast to 2027”
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