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Audible & Visual Signaling Devices - Global Strategic Business Report

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    Report

  • 509 Pages
  • December 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805995

Quick Summary:

The Audible and Visual Signaling Devices market is poised for significant growth, with projections placing its global value at an impressive US$2.4 Billion by 2030. These essential tools, critically utilized in various industrial sectors for efficient communication and safety measures, present an exceptional investment opportunity. Our comprehensive report provides an in-depth analysis of this rapidly expanding market, including segmentation evaluations such as the forecasted growth of Strobe Beacons, predicted to reach a staggering US$1 Billion by 2030.

Furthermore, this research offers robust geographical market assessments, highlighting the U.S as a potent player with an estimated market size of US$339.2 Million in 2022, and China's promising growth trajectory, slated to register a 6.2% CAGR by 2030. The report also features detailed analyses of key competitors, illuminating their market shares and presence across diverse geographies. With your purchase, you gain exclusive access to our digital archives, research platform, and complimentary updates for one year, consolidating the value of this strategic investment for your enterprise.

Global Audible and Visual Signaling Devices Market to Reach $2.4 Billion by 2030

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 4.7% CAGR and reach US$1 Billion by the end of the analysis period. Growth in the Lighting segment is estimated at 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.

Select Competitors (Total 68 Featured)

  • ABB Ltd.
  • Eaton Corporation PLC
  • Emerson Electric Company
  • Bosch Security and Safety Systems North America
  • Advanced Electronics Ltd.
  • Eaton`s Crouse-Hinds Business
  • Fire-Lite Alarms by Honeywell
  • Aiphone Co., Ltd.
  • E2s Warning Signals
  • Federal Signal Corporation
  • Edwards Signaling
  • Auer Signal GmbH
  • Alertus Technologies
  • Commend International GmbH
  • Ecco Safety Group

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Audible and Visual Signaling Devices Market

What is the estimated value of the Audible and Visual Signaling Devices Market?

The Audible and Visual Signaling Devices Market was estimated to be valued at $1.7 Billion in 2022.

What is the growth rate of the Audible and Visual Signaling Devices Market?

The growth rate of the Audible and Visual Signaling Devices Market is 4.4%, with an estimated value of $2.4 Billion by 2030.

What is the forecasted size of the Audible and Visual Signaling Devices Market?

The Audible and Visual Signaling Devices Market is estimated to be worth $2.4 Billion by 2030.

Who are the key companies in the Audible and Visual Signaling Devices Market?

Key companies in the Audible and Visual Signaling Devices Market include ABB Ltd., Eaton Corporation PLC, Emerson Electric Company, Bosch Security and Safety Systems North America, Advanced Electronics Ltd., Eaton`s Crouse, Hinds Business, Fire, Lite Alarms by Honeywell and Aiphone Co., Ltd..

Table of Contents

I. METHODOLOGYII. 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
  • ABB (Switzerland)
  • Auer Signal GmbH (Austria)
  • E2S Warning Signals (USA)
  • Eaton Corporation (USA)
  • Edwards Company, Inc. (USA)
  • Federal Signal Corporation (USA)
  • Honeywell International Inc. (USA)
  • Moflash Signalling Ltd. (UK)
  • NHP Electric Engineering Products Pty Ltd. (Australia)
  • PATLITE Corporation (USA)
  • Pfannenberg Group Holding GmbH (Germany)
  • Potter Electric Signal Company LLC (USA)
  • R.STAHL AG (Germany)
  • Rockwell Automation, Inc. (USA)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Sirena S.p.A. (Italy)
  • Tomar Electronics, Inc. (USA)
  • WERMA Signaltechnik GmbH + Co. KG (Germany)
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
  • TABLE 1: World Recent Past, Current & Future Analysis for Audible & Visual Signaling Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Audible & Visual Signaling Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Audible & Visual Signaling Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Strobe Beacons by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Strobe Beacons by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Strobe Beacons by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Bells & Horns by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Bells & Horns by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Bells & Horns by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Fire Alarms/Call Points by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Fire Alarms/Call Points by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Fire Alarms/Call Points by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Chemical & Pharmaceutical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Chemical & Pharmaceutical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Chemical & Pharmaceutical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 27: World 16-Year Perspective for Food & Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 28: World Recent Past, Current & Future Analysis for Energy & Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 29: World Historic Review for Energy & Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 30: World 16-Year Perspective for Energy & Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 31: World Recent Past, Current & Future Analysis for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 32: World Historic Review for Mining by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 33: World 16-Year Perspective for Mining by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 34: World Recent Past, Current & Future Analysis for Other End-Use Industries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 35: World Historic Review for Other End-Use Industries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 36: World 16-Year Perspective for Other End-Use Industries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 37: World Audible & Visual Signaling Devices Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Eaton Corporation PLC
  • Emerson Electric Company
  • Bosch Security and Safety Systems North America
  • Advanced Electronics Ltd.
  • Eaton`s Crouse-Hinds Business
  • Fire-Lite Alarms by Honeywell
  • Aiphone Co., Ltd.
  • E2s Warning Signals
  • Federal Signal Corporation
  • Edwards Signaling
  • Auer Signal GmbH
  • Alertus Technologies
  • Commend International GmbH
  • Ecco Safety Group