Asia Pacific LED Flashlight Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, Product, and Application

Commercial & Industrial Segment to Dominate APAC LED Flashlight Market during 2019-2027
According to a new market research study on “APAC LED Flashlight Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type, Product, and Application” is expected to reach US$ 1,589.7 million by 2027 from US$ 1,082.5 million in 2019. The market is estimated to grow at a CAGR of 5.1 % from 2020 to 2027. The report provides trends prevailing in the APAC LED flashlight market along with the drivers and restraints pertaining to the market growth. Rising preference for energy-efficient, non-conventional lighting solutions and increase in use of LED flashlights in hazardous Industrial environments are the major factor driving the growth of the APAC LED flashlight market. However, deficiency of standardization and alternative products availability hinder the growth of APAC LED flashlight market.

In case of COVID-19, APAC region is highly affected specially the China and India. APAC region is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets including LED Flashlight market. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting manufacturing, delivery schedules, and sales of various products and services. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting manufacturing, and sales of various products and services. All these factors are affecting the demand of various types of LED Flashlight solutions in the region negatively. Additionally, the increasing governmental investment across Personal sector and military spending in countries such as China and India, is another positive sign for the growth of everyday carry lights and tactical LED Flashlight market in the region
The APAC LED flashlight market is segmented on the basis of type, application, product, and country. The market, based on type, is segmented into rechargeable and non-rechargeable. The rechargeable segment held the largest share of market in 2019 and is expected to be fastest segment during forecast period. On the basis of application, the market is segmented into Personal, Commercial & Industrial, and military & law enforcement. The commercial segment held the largest share of the market and is expected to be fastest growing segment during forecast period. Based on product, market is segmented into safety flashlights, everyday carry flashlights, tactical flashlights. The everyday carry flashlights held the largest share of the market in 2019. The tactical flashlights segment is expected to be fastest growing during forecast period.

Bayco Products Inc.; Coast Products; Dorcy International, Inc.; Duracell Inc.; ENERGIZER HOLDINGS, INC.; Ledlenser GmbH & Co. KG; Mag Instrument Inc.; Pelican Products, Inc.; Streamlight Inc.; Surefire LLC are among the leading companies in the APAC LED flashlight market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Pelican Products Inc., introduced the new safety certified Pelican 3345 LED flashlight as its first flashlight with a variable light sensor that automatically adjusts brightness to its surroundings.

The report segments the APAC LED Flashlight Market as follows:

By Type

• Rechargeable
• Non-Rechargeable

By Product

• Safety Flashlights
• Everyday Carry Flashlights
• Tactical Flashlights

By Application

• Personal
• Commercial & Industrial
• Military & Law Enforcement

By Country

• China
• Japan
• South Korea
• Australia
• India
• Rest of APAC

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC LED flashlight market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the LED flashlight 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