Global Boat Signaling Device Market Overview:
Boat signaling devices are used to help rescuers pinpoint the boat’s exact location in an emergency situation like a collision, a medical emergency, or a mechanical breakdown. There are different types of signaling devices that are used in boats such as aerial signals, handheld signals, and smoke signals. These devices are designed to be used in daylight, or in the dark at night. Some of the players profiled in the study are 3M (United States), ACR Electronics (United States), Orion Safety Products (United States), Glamox AS (Norway), Davis Instruments (United States), Forespar Corporation (United States), Schmitt & Ongaro (United States), Jim-Buoy (United States), Revere Survival (United States) and Taylor Made (United States).
On the basis of geography, the market of Boat Signaling Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Boat Signaling Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Boat Length, the sub-segment i.e. Up to 6M will boost the Boat Signaling Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand from Marine Industry Owing to Safety of Boats, Ships, and Yacht
- Increasing Use of SOLAS flares than non-SOLAS due to safer, brighter, and longer-lasting property and can be used at both day and night.
- Expenses Required to Replace the Expired Flares and Maintenance of Signalling Devices
- Stringent Government Regulations to On-board Signalling Devices
- Relatively Short Burn Time of Flares
The Canada Shipping Act, 2001 establishes a framework of rules and regulations and is the ‘umbrella’ act under which all boating regulations are developed in Canada. It incorporates international and federal laws and regulates all boats operating on Canada’s waterways.
Target Audience:Boat Signaling Device Manufacturers, Components and Parts Suppliers, Traders/Distributors/Exporters/Importers, Government and Defense, Industry Bodies & Associations, End-Use Industries and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Boat Signaling Device market on the basis of product [Flares (Parachute Flare, Smoke Flare, Multi-Star Flare), Safety Lights (Watertight Flashlight), Horns & Whistles (Trumpet Horn, Air Horn), Radar Reflectors and Others (Safety Flags, Mirrors & Dye)] , application [Inland Boats, Coastal Boats and Offshore Boats], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Boat Signaling Device market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Boat Signaling Device industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Wescom Signal & Rescue (United Kingdom), Weems & Plath (United States), Ocean Signal (United Kingdom), Plastimo (France) and BOATiD (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Boat Signaling Device market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.