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Global Marine Signaling Devices Market 2017-2021

Global Marine Signaling Devices Market 2017-2021

About Marine Signaling Devices

A marine signaling device is an equipment used as a means of communication and navigation tool on the sea. All sea-going vessels are expected to carry a minimum number of marine signaling devices in accordance with the regulatory bodies. There are two types of marines signaling devices, namely visual and audible signaling devices. Visual devices are further categorized based on the use of fireworks, into pyrotechnic and non-pyrotechnic visual signaling devices.

Technavio’s analysts forecast the global marine signaling devices market to grow at a CAGR of 3.67% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine signaling devices market for 2017-2021. To calculate the market size, the report considers the demand for marine signaling devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Marine Signaling Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Drew Marine Signal & Safety
  • E2S
  • Greatland Laser
  • Orion Safety Products
  • Weems & Plath
Other prominent vendors
  • ACR Electronics
  • Echomax
  • Falcon Safety Products
  • Forespar
  • Glamox
  • Hella Marine
  • Kahlenberg Industries
  • KAMA INDUSTRIES
  • Marinco
  • NRS Solutions
  • Ocean Signal
  • Osculati
  • Perko
  • Pfannenberg
  • Plastimo
  • Rockwell Automation
  • Schmitt & Ongaro
  • Spinlock
Market driver
  • Increase in demand for naval vessels
  • For a full, detailed list, view our report
Market challenge
  • Collapse of shipbuilding industry in China
  • For a full, detailed list, view our report
Market trend
  • Increase in participation in water-based sports
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Signaling Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global marine signaling devices market: Drew Marine Signal & Safety, E2S, Greatland Laser, Orion Safety Products, and Weems & Plath.

Other Prominent Vendors in the market are: ACR Electronics, Echomax, Falcon Safety Products, Forespar, Glamox, Hella Marine, Kahlenberg Industries, KAMA INDUSTRIES, Marinco, NRS Solutions, Ocean Signal, Osculati, Perko, Pfannenberg, Plastimo, Rockwell Automation, Schmitt & Ongaro, and Spinlock.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in participation in water-based sports. The increase in participation in water-based sports is likely to contribute to the demand for marine signaling devices over the next few years. Recreational sea sports are a growing trend in many countries. For instance, the Great Barrier Reef in Australia is an attractive location for snorkeling and scuba diving, where the participants are taken to the middle of the ocean, away from the shore, and are allowed to dive into the water. However, instances of distress, where it is necessary to seek help, may arise during these activities. In these situations, marine signaling devices are used.”

According to the report, one of the major drivers for this market is increase in demand for naval vessels. At present, many nations are re-strategizing their defense postures based on the uncertainties in APAC, the Middle East, and Russia. As a result, an emerging trend is the new wave of defense globalization, which is driving many nations to focus on sea-based defense and maritime security surrounding the global trade as well as national economic resources. This will have a positive impact on the market, as an increase in the demand for naval vessels will lead to the increase in the use of safety measures such as marine signaling devices.

Further, the report states that one of the major factors hindering the growth of this market is collapse of shipbuilding industry in China. The global shipbuilding industry faced a rather sluggish period in 2016. The demand for new vessels declined by 85% in 2016 over the 2015 levels. The global shipping industry declined in 2016 owing to the instability in the Chinese economy and the plunge in commodity prices. The decline in China's economic growth rate since 2015 has affected freight providers. Further, the decline in oil prices since 2014 has affected marine operations in terms of imports and exports. This slowdown in the industry will have a negative impact on the demand for marine signaling devices.

Companies Mentioned

Drew Marine Signal & Safety, E2S, Greatland Laser, Orion Safety Products, and Weems & Plath.Other Prominent Vendors in the market are: ACR Electronics, Echomax, Falcon Safety Products, Forespar, Glamox, Hella Marine, Kahlenberg Industries, KAMA INDUSTRIES, Marinco, NRS Solutions, Ocean Signal, Osculati, Perko, Pfannenberg, Plastimo, Rockwell Automation, Schmitt & Ongaro, and Spinlock.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Regulatory bodies governing marine signaling devices
      • Table Commonly used marine signaling devices
      • Table Global marine signaling devices market: Overview 2016
      • Table Global marine signaling devices market by product segment: 2016-2021
      • Table Global marine signaling devices market by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global marine signaling devices market
      • Table Global marine signaling devices market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global marine signaling devices market by product
      • Table Global marine signaling devices market by product 2016 and 2021
    • Global visual marine signaling devices market
      • Table Global visual marine signaling devices market 2016-2021 ($ millions)
      • Table Types of pyrotechnic marine signaling devices and their applications
    • Global audible marine signaling devices market
      • Table Global audible marine signaling devices market 2016-2021 ($ millions)
      • Table Audible marine signaling devices and their application
      • Table Types of audible signals and their alarms signals
  • Geographical segmentation
    • Overview
      • Table Global marine signaling devices market by geography: 2016-2021
      • Table Global marine signaling devices market by geography trend chart 2016-2021 ($ millions)
    • APAC
      • Table Marine signaling devices market in APAC 2016-2021 ($ millions)
      • Table Number of vessels by countries in APAC 2016
    • EMEA
      • Table Marine signaling devices market in EMEA 2016-2021 ($ millions)
      • Table Severity of casualties in ships 2011-2015 (%)
    • Americas
      • Table Marine signaling devices market in Americas 2016-2021 ($ millions)
      • Table Marine accidents and casualties in Americas 2011-2015 (in hundreds)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global ocean cruise travelers 2012-2017 (in millions)
      • Table SOLAS chapters concerned with marine signaling devices
      • Table Pyrotechnic requirements as per SOLAS.
      • Table US Coast Guard-approved regulations for signaling devices
    • Market challenges
      • Table Signaling devices and their application
  • Market trends
    • Increase in participation in water-based sports
      • Table Share of scuba divers and snorkeler in US and Rest of the World 2016 (%)
    • Use of GPS systems
    • Growth in adoption of LED signaling devices
  • Vendor landscape
    • Competitive scenario
      • Table Geographical presence of key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Drew Marine Signal & Safety
      • Table Drew Marine Signal & Safety: Products offered
    • E2S
      • Table E2S: Products offered
    • Greatland Laser
      • Table Greatland Laser: Products offered
    • Orion Safety Products
      • Table Orion Safety Products: Products offered
    • Weems & Plath
      • Table Weems & Plath: Products offered
  • Appendix
    • List of abbreviations
  • Explore Technavio

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