The global emergency light stick market was valued at $45 million in 2015 and is expected to surpass $53 million by 2020, says Technavio.
Technavio has announced its latest market research report on emergency light sticks for the forecast period, 2016-2020. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global emergency light sticks market during the forecast period. Some of the top vendors listed in this industry analysis include Cyalume, Ready America, Lumica, and Coghlan’s.
In terms of geographical analysis, the Americas is expected to continue its dominance over the global market and is likely to reach a revenue of almost $24 million by 2020. The US will emerge as the key revenue-generator.
“Some vendors in the market are currently engaging in the manufacture of safety reusable light sticks that do not use batteries or electricity. They use glow crystals, which absorb normal light, both sunlight as well as artificial, to recharge and can illuminate for up to 10 hours. These lights have a low level of illumination, which can be used to see in the dark, but not suitable for reading,” says Abhay Sinha, a lead analyst at Technavio.
Click here to request a free sample of this report
The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increasing demand from military and law enforcement
Emergency light sticks are being used by military operations globally for training operations on the pacific coast, special forces missions in the Middle East, US coast guard, Canadian coast guard, Turkish special forces, US Navy, Canadian Navy, Royal Air Force (British Air Force), Canadian Air Force, search rescue departments, and police and fire departments all over North America. Almost every manufacturer in this industry passes NATO and DOD military specifications, which is indicative of the requirement in law enforcements. They are a part of standard issue military safety kits provided to military personnel.
Penetration of battery-operated emergency light sticks
Minimizing risks in emergency situations is one of the concerns for any country. For countries that are prone to natural disasters, robust safety strategies for evacuation and rescue operations become the top priority. One of the aspects of evacuation and rescue operations is emergency lighting, especially during night time. People should be able to use light sticks that are bright and easy-to-use, with controlling features during any emergency.
Low maintenance costs
Emergency light sticks are ideal for such situations as they are maintenance waterproof, lightweight, and non-flammable. Contrary to emergency light sticks, ceiling or wall-mounted emergency lights in buildings not only involve initial costs of purchase and installation, but also involve maintenance and power consumption costs. Therefore, the use of maintenance free emergency light sticks is increasing.
Some of the other prominent vendors identified in this report are 3M, AMPAC, Celplast Metallized Products, Charter Nex Films, Daibochi Plastic, Innovia Films, LINPAC Group, Mondi, Prairie State Group, Printpack, RPC Group, Schur Flexibles Group, Taghleef Industries, Toray Plastics (America), and Wipak.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Emergency Light Sticks Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global General Lighting Market 2016-2020
- Global Lighting Market in the Hospitality Sector 2016-2020
- Global SSL and Fluorescent Lighting Market 2016-2020
- Global Smart Lighting Market 2016-2020
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
