LED (Light Emitting Diode) flashlight is a portable & battery-operated device used for illumination and source operated by LEDs. A usual unit consists of several dry cell batteries arranged in a line inside a battery section which forms the handle of the light. The flow of electricity from batteries to the light source at the front end of the light is controlled by a switch mechanism placed between the lamp and batteries. LED flashlight contains different LEDs for white & colored light, selectable by the customer for different purposes. The flashlights are used in many applications for instance indoor emergency purposes, at commercial complexes for signaling & beautification purposes and military purposes to traverse through dark areas. The key benefits are included highly efficient and low cost etc.
According to study, “World LED Flashlight Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world LED flashlight market are SureFire LLC, NovaTac, LED Lenser, Eagle Tac, Maglite, Dorcy International Inc., Streamlight Inc., Four Sevens, Lumapower, Pelican Products Inc., Supfire, Princeton, Nitecore, Fenix, Ocean’s King, Olight, Bayco Products Inc., Nextorch, Wolf Eyes, Mag Instrument Inc., Kang Mingsheng, Taigeer, Jiage, DP Lighting, Browning Arms Company, Larson Electronic LLC, Twoboys, TigerFire, Nite Ize Inc., Energizer Holdings Inc., Honyar. The key manufacturers are competing with each other based on cost, reliability, quality, and aftermarket service. Vendors are accentuating on research and development (R&D) & new product development in order to preserve the competitive improvement in global Led flashlight market during the forecast period.
Based on power sources, LED flashlight market is segmented into mechanical power, batteries and capacitor. Batteries include primary or disposable batteries and secondary or rechargeable batteries. Rechargeable LED flashlight include lead acid batteries, NiCd batteries, NiMH, and lithium ion. Based on material type, market is segmented into metal, glass, aluminum and plastics. Plastics range from low-cost polystyrene & polyethylene to more complex mixtures of ABS & glass-reinforced epoxies. Based on function, market is segmented into quantity, consumption value and Average Selling Prices (ASP). Based on sales channel, market is segmented into general retail, specialty retail and internet or direct sale. In addition, based on end-use industries, market is segmented into automotive, food & beverage industry, medical industry, consumer goods industry, military & defense, electronics & telecom industry, and others.
The LED flashlight market is driven by growth in demand for durable, efficient & low maintenance flashlight, followed by increase in penetration of LED technology, rise in innovation in flashlight products for outdoor recreation activities, increase in demand for explosion proof LED flashlights, growth in demand for rechargeable LED flashlight and increase in demand for flashlights in the oil and gas industry. However, less awareness of modern flashlights may impact the market. Moreover, rise in innovation in flashlight products for outdoor recreation activities is a key opportunity for market.
Based on geography, China and India countries hold major share in LED flashlight market owing to increase in population and rise in awareness among customers. USA and Europe are expected to witness significant growth due to rise in infrastructure and growth in product innovation over the forecast period. It is estimated that the market will be reached at US $485.3 million, by 2024, at a CAGR of 2.7%.
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