Strobe beacon is a signaling device or a flashing electric lamp that has application in several industries such as oil and gas, food and beverages, energy and power, mining, and others, either to warn about possible hazards, or to attract potential customers. In addition, strobe beacons technology is widely adopted in various sectors such as retail, healthcare, travel & tourism, and education, owing to its benefits such high degree of accuracy about geo-location technology compared to other geo-location technology, and low impact on the device’s battery life. Strobe beacons are highly visible and allow for multiple configurations with up to 360° of lighting, to warn about potential hazards. Moreover, global rising demand for an LED lighting solution as an attention-getting device and warning of a possible hazard and due to stringent rules set by the government about the industrial safety work across the globe are expected to drive growth of the global strobe and beacons market over the forecast period. Thus, the prominent market players maintain the competitive edge in the global market by focusing on product offerings. For instance, Eaton MEDC offers a range of strobe beacons such as steady-state indicators and flashing and rotating units. These strobe beacons are used to warn about potential hazards, evacuation alerts, gas and oil leaks, and others.
The global strobe and beacons market was valued at US$ 1.58 Bn in 2018 and is expected to exhibit a CAGR of 5.64% during the forecast period (2019-2027)
Market Dynamics- Drivers
Growing demand for strobe beacon as an attention-getting device and warn of a possible hazard is expected to drive growth of the global strobe and beacons market during the forecast period
Strobe beacon is a signaling device, which generate an alarm to indicate or warn end user and this alarm can be audible or visible depending upon the requirement, application and surrounding of the place where it is needed. These devices are connected with control panel installed at specific positions so that people can be aware of it and take corrective measures when needed. Strobe beacons are developed to minimize the losses during natural disasters such as, hurricanes, earthquake, volcano, and others, as they are used as a signaling device. These devices also plays an important role in traffic signaling, mining safety systems, fire alarms, earthquake warning system, and others, which is expected to increase demand of strobe beacon over the forecast period. Thus, rising demand for strobe beacon as an attention-getting device and warn of a possible hazard is expected to drive the global strobe and beacons market growth over the forecast period.
North America region held a dominant position in the global strobe and beacons market in 2018, followed by Europe and Asia Pacific.
Source: Coherent Market Insights
Lack of awareness about industrial work safety is expected to restrain growth of the global strobe and beacons market over the forecast period
The negligence about installation of warning systems and lack of awareness about the industrial work safety in many emerging economies is expected to hamper the growth of the global strobe and beacons market over the forecast period. For instance, according to the International Labor Organization (ILO), and United Nations Agency, in 2017, there were around 380,500 total global fatal industrial accidents, which is 8% increase from the previous year.
Growing demand for signaling audible and visual devices is expected to create lucrative growth opportunities for market players in global strobe and beacons market
Increasing demand for signaling audible and visual devices is attributed to their multiple add-on features and advantages such as good portability, lower cost, and good for one-to-one communication. Moreover, these products are outpacing the traditional signaling device products such as LEDs, liquid crystal diode (LCD) lighting, and other less efficient products, which in turns, expected to create lucrative growth opportunities for market players in the global strobe and beacons market.
Source: Coherent Market Insights
Key Takeaways –
Global Strobe and Beacons Market - Segment Information
Among product type, gas strobe beacons segment held a dominant position in global strobe and beacons market in 2018, followed by LED strobe beacons segment. Gas strobe beacons include Xenon flash lamp and halogen varieties. Gas strobe beacons consist of a gas-filled tube surrounded by a lens, and when electricity is applied to this device, the tube flashes, which is magnified by the lens, and a 360 degree light is emitted.
Source: Coherent Market Insights
Key companies operating in the global strobe and beacons market include 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 to launch new products to meet the increasing needs and requirements of consumers.
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.
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.
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:
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