The Worldwide Audible & Visual Signaling Devices Industry is Expected to Reach $2.4 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Audible & Visual Signaling Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Audible and Visual Signaling Devices estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027.

Strobe Beacons, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$793.5 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 4% CAGR for the next 7-year period. This segment currently accounts for a 38% share of the global Audible and Visual Signaling Devices market.

The U.S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 4% CAGR for the Period of 2020-2027

The Audible and Visual Signaling Devices market in the U.S. is estimated at US$538.9 Million in the year 2020. The country currently accounts for a 29.45% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$432.5 Million in the year 2027 trailing a CAGR of 4% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$432.5 Million by the year 2027.

Bells & Horns Segment Corners a 12.4% Share in 2020

In the global Bells & Horns segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$181.8 Million in the year 2020 will reach a projected size of US$242.1 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$271.6 Million by the year 2027.

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,

Key Topics Covered:

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
• 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
• Industrial IoT Gives Impetus to Market Expansion
• Oil & Gas Sector: Major Consumer of AV Signaling Devices
• 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

IV. COMPETITION

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