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Audible & Visual Signaling Devices - Global Market Trajectory & Analytics

  • ID: 4805995
  • Report
  • February 2022
  • Region: Global
  • 509 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Auer Signal GmbH
  • E2s Warning Signals
  • Eaton Corporation PLC
  • Moflash Signalling Ltd.
  • Patlite Corporation
  • R. Stahl AG

Global Audible and Visual Signaling Devices Market to Reach $2.1 Billion by 2027


Amid the COVID-19 crisis, the global market for Audible and Visual Signaling Devices estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Strobe Beacons, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$865.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lighting segment is readjusted to a revised 3.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $315.5 Million, While China is Forecast to Grow at 6% CAGR


The Audible and Visual Signaling Devices market in the U.S. is estimated at US$315.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$273.2 Million by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Bells & Horns Segment to Record 3% CAGR


In the global Bells & Horns segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$116.1 Million in the year 2020 will reach a projected size of US$139.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$269.7 Million by the year 2027, while Latin America will expand at a 3.5% CAGR through the analysis period.

Select Competitors (Total 68 Featured) -

  • Auer Signal GmbH
  • E2s Warning Signals
  • Eaton Corporation PLC
  • Federal Signal Corporation
  • Moflash Signalling Ltd.
  • Patlite Corporation
  • Pfannenberg Group Holding GmbH
  • Potter Electric Signal Company LLC
  • R. Stahl AG
  • Tomar Electronics, Inc.
  • WERMA Signaltechnik GmbH + Co. KG,
Frequently Asked Questions about the Global Market for Audible and Visual Signaling Devices

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

The Global Market for Audible and Visual Signaling Devices was estimated to be valued at $1.6 Billion in 2020.

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

The growth rate of the Global Market for Audible and Visual Signaling Devices is 4.0%, with an estimated value of $2.1 Billion by 2027.

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

The Global Market for Audible and Visual Signaling Devices is estimated to be worth $2.1 Billion by 2027.

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

Key companies in the Global Market for Audible and Visual Signaling Devices include Auer Signal GmbH, E2s Warning Signals, Eaton Corporation PLC, Federal Signal Corporation, Moflash Signalling Ltd., Patlite Corporation, Pfannenberg Group Holding GmbH, Potter Electric Signal Company LLC and Tomar Electronics, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Auer Signal GmbH
  • E2s Warning Signals
  • Eaton Corporation PLC
  • Moflash Signalling Ltd.
  • Patlite Corporation
  • R. Stahl AG

I. METHODOLOGY


II. 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

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


III. MARKET ANALYSIS

UNITED STATES

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Audible & Visual Signaling Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (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 2022 (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 2022 (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 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 68
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Auer Signal GmbH
  • E2s Warning Signals
  • Eaton Corporation PLC
  • Federal Signal Corporation
  • Moflash Signalling Ltd.
  • Patlite Corporation
  • Pfannenberg Group Holding GmbH
  • Potter Electric Signal Company LLC
  • R. Stahl AG
  • Tomar Electronics, Inc.
  • WERMA Signaltechnik GmbH + Co. KG,
Note: Product cover images may vary from those shown