+91-8668442535

Flashlight Market By Product (LED Flashlight, Incandescent Flashlight) By Application (Residential, Industrial) By End-user (Homeland Security, Home Inspection, Outdoor Recreation Activities, Construction & Auto Repairing, Doctor Visit, Games) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

What is the Global Market Scenario of Flashlight?

The utilisation of cutting-edge illumination technology by flashlight producers is emphasising product updates. Durability and battery lifespan are anticipated to become the most important factors as the popularity of these technologies increases visibly. Product advancements in the LED flashlight market would have a significant impact on these criteria. One such invention that enables life extension and more effective battery use is the multi-level LED flashlight.

Growing inclination for new features and advanced lighting, developments in illumination technologies, and rising demand for reliable, low-maintenance, and efficient lamps. Innovation in flashlight products for outdoor activities, rising demand for explosion-proof LED flashlights, the development of regulated and multi-level LED lights, increasing LED technology penetration, and increased traction for everyday carry flashlights in the household sector are all factors propelling the growth of the global flashlight market.

flashlight-market

What is the Market Size of Flashlight in term of value?

Global Flashlight Market is projected to increase at a significant CAGR of 4.5% in the coming years. In 2021, the global flashlight market was valued at USD 6,827.5 Million and is projected to reach at value of USD 8,891.2 Million by 2028. The demand for flashlight is projected to increase substantially in the coming years and is presumed to generate revenue opportunity for the key industry players that worth USD 2,063.7 Million during the forecast period between 2022 and 2028.

How LED Lights Will Pave Way for Flashlight Sales?

The rise of the LED flashlight industry is mostly due to its energy-efficiency and small size. Additionally, growing R&D expenditures have resulted in improvements to the features and form factors of LED flashlights. The market for LED flashlights is expanding as a result of the rising demand for security and safety at commercial and industrial sites and the rising frequency of power outages in rural areas.  

In both the domestic and industrial sectors, LED technology in flashlights is used for excellent performance and endurance. The flashlight market will gain speed thanks to new product advancements and the solid financial standing of major market competitors. Over the past few years, LED lighting has gained widespread adoption and appeal at an unheard-of rate. Due to declining LED pricing and rapid scientific breakthroughs in LED technology, the use of LED-based lighting solutions is rapidly expanding in both residential and commercial End-users.

Interesting Facts about Flashlight Industry

  • The top 5 countries for flashlight exports are Germany, United States, U.K, Canada, and China
  • In 2021, the LED segment had the most demand, accounting for more than 78 percent of the market.
  • Additionally, it is anticipated that government attempts to phase out inefficient halogen lamps and fluorescent lights as well as to establish minimum quality standards for LED lighting will propel the global LED market's expansion.
  • The military's use of tactical LED flashlights is also influenced by factors such as rising defence budgets on an annual basis, as well as their durability, shockproof, and waterproof qualities, large batteries, long lumen range, weapon mounting, eye strobing, etc.
  • One of the main factors limiting the growth of the LED flashlight market is fluctuating raw material prices

Who are the Top 10 players/companies in flashlight market in term of value and volume?

The key players in the global flashlight market in terms of value and volume include 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. Manufacturers are developing long term collaboration with end user in order to streamline the supply chain of sales of flashlight. Product modification is done by leading manufacturers by providing USB batteries that can be charged separately from the torch, several flashlight makers even go beyond the USB-rechargeable trend.

Market players are targeting specific End-user sectors such as homeland security and outdoor recreation activities. For instance, Indiegogo, Inc. introduced outdoor recreation flashlights like the Mule Light V2, a multi-function flashlight with stylish and durable features that offers glow stick illumination for more than 500 hours. For adventures, this design's remarkable adaptability and battery life are available.

Who are the Top 10 Countries in the Flashlight Market?

In the global flashlight market, the major countries are China, India, the U.S., Canada, Japan, France, Russia, Germany, Spain, and U.K. In terms of current technology, standard of life, infrastructure development, and many other factors, the US is a developed nation. A competitive market is the outcome of technological breakthroughs in the area. A centre for technical advancement, China is leading from the front for production of flashlight.

When LEDs are incorporated into flashlights, the technology becomes compact and portable, making it ideal for workforce that use a flashlight in an emergency situation where brightness is crucial for performing repairs to equipment or performing rescue operations. Additionally, there is a big demand for LED flashlights among commercial, residential, and other buildings in Indian market. This element would contribute to a greater penetration of all lighting sales.

Which is the Leading End-user in the Flashlight Market?

As more young people go on adventurous vacations to discover nature, the demand for flashlights used in outdoor recreational activities like camping, hunting, diving, and fishing is rising. The segment has dominated the market revenue share with capturing close to 23% share in 2021. During night-time camping or hiking, flashlights are utilised for safety purposes. As a result, producers are concentrating primarily on producing torches and headlamps with comfortable shapes and water-resistant characteristics, which are perfect for outdoor activities like camping and hunting.

What are the Major Driving Factors for Flashlight Market?

One of the main potentials for the flashlight business is rechargeable LED flashlights. Incandescent flashlights are being replaced with LED flashlights. Rechargeable LED flashlights are convenient for customers to use because they don't require dry dell batteries.

Instead of solid-state batteries and battery chargers, a rechargeable flashlight often plugs into an electrical outlet for increased power. Outdoor activities and domestic security frequently make use of rechargeable torches. There has been a significant market opportunity for producers as a result of the sophisticated LED technology used in flashlights.

International Energy Agency (IEA) figures show that the adoption of LED-based lighting has been growing significantly on a global scale; in the residential market, it went from 5 percent in 2013 to 40 percent in 2018. Because of the beneficial actions made by various nations, the decreasing costs of LED are another enabling element that is projected to accelerate the global adoption of LED-based lighting solutions.

What are the Restraints for Flashlight Market?

A significant barrier to the expansion of the flashlight business has been potential customers' lack of knowledge and appreciation of the advantages of contemporary flashlights for a variety of End-users. Consumer bias against the use of innovative flashlight goods is also growing as a result of the introduction of low-quality lighting products with short product lifespans and the false belief that current lighting solutions are more expensive than fuel-based lighting. These elements have significantly curbed the expansion of the flashlight market.

Which Region Dominated the World Flashlight Market?

With more than 52 percent revenue share in 2021, APAC dominated the worldwide LED flashlight market. With a variety of manufacturing sectors, a large military, and an expanding economy, the Asia Pacific area has emerged as a centre for global manufacturing. Due to a rise in the industrial and construction industries, a significant number of developing nations, and the military, the Asian market for LED flashlights has experienced tremendous growth.

 As a result, more people are using LED illumination goods, such as flashlight bulbs. Primary nations with a sizable market share in the LED flashlight industry is China and India market in APAC region, which is being driven by an increase in commercial items. Due to the region’s expanding population, China's construction industry is expanding exponentially, which is driving up demand for modern lighting solutions to ensure hassle-free operations.

Segmentation of Global Flashlight Market-

Global Flashlight Market – By Product

  • LED Flashlight
  • Incandescent Flashlight

Global Flashlight Market – By Application

  • Residential
  • Industrial

Global Flashlight Market – By End-user

  • Homeland Security
  • Home Inspection
  • Outdoor Recreation Activities
  • Construction & Auto Repairing
  • Doctor Visit
  • Games

Frequently asked questions about global Flashlight industry

Some key players operating in the flashlight market include 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.

APAC accounted for the highest share in the global flashlight market in terms of value as well as volume.

The rise in new car sales, growing demand for vehicular safety, and positive government initiatives around the world are all propelling growth for the flashlight market.

In 2021, the LED flashlights had the biggest revenue share of more than 78 percent, and the flashlight market is predicted to grow at the fastest rate from 2021 to 2028.

In 2021, the industrial accounted for more than 65 percent of total revenue, and it is likely to continue to dominate the flashlight market during the forecast period.

Flashlight Market Scope

Report Attribute Details
Market Value in 2021 USD 6,827.5 Million
Market Value in 2028 USD 8,891.2 Million
CAGR 4.5%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Trusted By
Godaddy
Published Date:  Jul 2022
Category:  Technology & Media
Report ID:   58917
Report Format:   PDF
Pages:   190
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support