Global Searchlights Market 2017-2021
A searchlight is a device that usually combines an immensely luminous light source with a mirrored parabolic reflector to project a high intensity beam of light in a specific direction. Searchlights always include the means for changing the direction of a light beam. Searchlights have vast applications in industries such as marine, defense and security, as well as architectural and extravaganza. Searchlights are powered by different light sources such as halogen, Xenon, and LED. Xenon is likely to have the maximum light beam range.
Technavio’s analysts forecast the global searchlights market to grow at a CAGR of 4.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global searchlights market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Searchlights Market 2017-2021
Technavio recognizes the following companies as the key players in the global searchlights market: The Carliste & Finch, Francis Company, IBAK Helmut Hunger, LUMINELL, Perko, and R. STAHL TRANBERG.
Other Prominent Vendors in the market are: ACR Electronics, DHR, Easy Photovoltech, GOLIGHT, Hella Marine, JAINSONS ELECTRONICS, Karl Dose, Kavita Solar Energy, Phoenix Products, WISKA, XeVision, and Xylem.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of digital control systems with searchlights. Searchlights are featured in terms of light source, control systems, and mounting options. All the standard searchlights come with a remote-control panel. There has been increasing innovations in the features of searchlights to sustain in the competitive market.”
According to the report, one driver in the market is increasing demand from commercial and recreational marine sectors. Searchlights can perform a range of tasks from locating buoys to illuminating a narrow channel and sometimes searching for a man overboard. Hence, vendors keep on innovating new technologies to offer the best combination of beam spread (width) and intensity (length) for both shorter and longer-range work. There has been an increase in demand for searchlights in commercial and recreational marine sectors.
Further, the report states that one challenge in the market is slow growth of shipbuilding industry in China. Fluctuations in commodity prices have a detrimental impact on the shipbuilding industry in China. The expectation of commodity with low prices means that there will be a readjustment in the current and future fleet of shipping companies. This directly affects the orders for new ships that shipping companies place with shipbuilders. There has been a severe downturn in the demand for new vessels, which has resulted in the shutdown of many shipyards in China.
The Carliste & Finch, Francis Company, IBAK Helmut Hunger, LUMINELL, Perko, R. STAHL TRANBERG, ACR Electronics, DHR, Easy Photovoltech, GOLIGHT, Hella Marine, JAINSONS ELECTRONICS, Karl Dose, Kavita Solar Energy, Phoenix Products, WISKA, XeVision, and Xylem.