Worldwide LED Flashlight Industry (2020 to 2027) - Increasing Preference for Energy-Efficient Lighting Solutions Presents Opportunities

DUBLIN, Nov. 25, 2020 /PRNewswire/ -- The "LED Flashlight Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Product, and Application" report has been added to ResearchAndMarkets.com's offering.

According to this report the market was valued at US$ 2,054. million in 2019 and is projected to reach US$ 2,884. million by 2027; it is expected to grow at a CAGR of 4.48% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.

A flashlight is a portable battery operated device used for illumination. LED flashlights are replacing traditional flashlights as these consume less power and therefore, work for more hours than normal flashlights while producing low heat. The new flashlights are less bright than conventional incandescent bulbs. LED flashlights are heavily used within residential, military & law enforcement, and commercial sectors. As these are energy efficient and function for an extremely long life, they are drawing more attention to the masses. The LED flashlight manufacturers aim to continue enhancing the design of these flashlights. New models with better power sources are gaining high traction.

On the other hand, there is an increase in adoption of LED flashlight among military and law enforcement due to its rugged, compact size and weapon mounting capabilities. These flashlights are more sophisticated than the ones used by the consumer segment. Bayco Products Inc. Browning International S. A, Dorcy International, Duracell Inc. Coast Products Inc. Mag Instrument Inc. Energizer Holdings Inc. Pelican Products, Inc. and Streamlight Inc. are among the key LED flashlight market players that have been profiled during this market study.

Impact of COVID-19 Pandemic on LED Flashlight Market

The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global electronics industry is one of the major industries that is suffering serious disruptions, such as supply chain breaks, technology events cancellations, office shutdowns, as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. It is also one of the worst-affected countries. The lockdown of various plants and factories in leading regions, such as North America, Europe, Asia Pacific, South America and Middle East & Africa, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various goods. All these factors have affected the electronics industry in a negative manner and they would act as restraining factors for the growth of various markets related to this industry in the coming months.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global LED Flashlight market
• 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 global LED Flashlight market, thereby allowing players across the value chain to develop effective longterm 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 client products, segmentation, pricing and distribution

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/worldwide-led-flashlight-industry-2020-to-2027---increasing-preference-for-energy-efficient-lighting-solutions-presents-opportunities-301180537.html

SOURCE Research and Markets

[ Back To TMCnet.com's Homepage ]