Market Overview:
The global automotive flasher market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, the increasing adoption of advanced technologies in automotive flashers is also contributing to the growth of this market. The global automotive flasher market can be segmented on the basis of type into electronic flashers and thermal flashers. The electronic flasher segment is expected to grow at a higher CAGR than that of thermal flashers during the forecast period from 2018 to 2030 owing to its advantages such as low power consumption, compact size, and easy installation over thermal flashers.
Product Definition:
An automotive flasher is a device used to flash the turn signals on a car. It is usually an electronic device that plugs into the car's electrical system and flashes the turn signals by interrupting the flow of electricity to the light bulbs.
Electronic Flasher:
An electronic flasher is a device that controls and monitors the vehicle's headlight. It is also known as a light controller or lamp control unit. The primary function of an electronic flasher is to provide automatic headlights along with controlling other lights in low-beam mode.
Thermal Flasher:
Thermal flasher is a device that controls and monitors the vehicle's temperature. It helps in preventing the accidental heating of the car’s engine, brakes or other parts due to high/low temperatures. The thermal flasher regulates these components with help of two sensors which are mounted on engine block and one sensor which is mounted on exhaust pipe near tailpipe respectively. These sensors send information regarding heat to control unit where it is processed and stored for future references if required.
Application Insights:
The passenger cars segment held the largest share of over 60.0% in 2017. The growing demand for flashers with enhanced features, such as automatic flash mode, slow motion and fast forward modes is expected to drive the product demand in this segment over the forecast period. Flasher equipped vehicles are driven by common people and not only by VIPs or dignitaries which is a major factor boosting their sales across all regions.
The commercial vehicles segment is anticipated to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising government initiatives on safety standards coupled with an increase in fleet size post-2016-recession-era for businesses across all regions, including North America and Europe, Asia Pacific and Middle East & Africa countries driving this application market growth respectively over the forecast period (see Table 1).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, registering a CAGR of XX% from 2018 to 2030. The regional growth can be attributed to increasing automobile production in countries such as China and India. Furthermore, rising disposable income coupled with an increase in the purchasing power of consumers will also contribute toward market growth over the forecast period.
The European region accounted for more than 25% share of global revenue in 2017 owing to stringent government regulations regarding vehicle emissions and safety standards implemented by various regulatory bodies such as ETSO (European Standards Organization), UNECE (Union Européenne des États-Unis d'Europe) and NHTSA (National Highway Traffic Safety Administration). Moreover, technological advancements related to automotive lighting are anticipated favorably impact industry growth over the coming years.
Growth Factors:
- Increasing demand for automobiles
- Technological advancements in automotive flasher market
- Growing awareness about the benefits of using automotive flashers
- Rising disposable income of consumers globally
- Increasing number of online retail stores
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Flasher Market Research Report
By Type
Electronic Flasher, Thermal Flasher
By Application
Passenger Cars, Commercial Vehicles
By Companies
ANDEN (Japan), Denso (Japan), Imasen Electric Industrial (Japan), Miyamoto Electric Horn (Japan), PKC Group (Finland), Shanghai SIIC Transportation Electric Co., Ltd. (STEC) (China), Ubukata Industries (Japan), Wenzhou Laketec Electronic Parts (China), ANDEN (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Flasher Market Report Segments:
The global Automotive Flasher market is segmented on the basis of:
Types
Electronic Flasher, Thermal Flasher
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ANDEN (Japan)
- Denso (Japan)
- Imasen Electric Industrial (Japan)
- Miyamoto Electric Horn (Japan)
- PKC Group (Finland)
- Shanghai SIIC Transportation Electric Co., Ltd. (STEC) (China)
- Ubukata Industries (Japan)
- Wenzhou Laketec Electronic Parts (China)
- ANDEN (Japan)
Highlights of The Automotive Flasher Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic Flasher
- Thermal Flasher
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Flasher Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive flasher is a device that emits a series of short, bright flashes to warn drivers of potential hazards ahead on the road. Automotive flashers are typically used in conjunction with traffic signals and can help drivers avoid accidents.
Some of the major companies in the automotive flasher market are ANDEN (Japan), Denso (Japan), Imasen Electric Industrial (Japan), Miyamoto Electric Horn (Japan), PKC Group (Finland), Shanghai SIIC Transportation Electric Co., Ltd. (STEC) (China), Ubukata Industries (Japan), Wenzhou Laketec Electronic Parts (China), ANDEN (Japan).
The automotive flasher market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Flasher Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Flasher Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Flasher Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Flasher Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Flasher Market Size & Forecast, 2018-2028
4.5.1 Automotive Flasher Market Size and Y-o-Y Growth
4.5.2 Automotive Flasher Market Absolute $ Opportunity
Chapter 5 Global Automotive Flasher Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Flasher Market Size Forecast by Type
5.2.1 Electronic Flasher
5.2.2 Thermal Flasher
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Flasher Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Flasher Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Flasher Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Flasher Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Flasher Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Flasher Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Flasher Market Size Forecast by Type
9.6.1 Electronic Flasher
9.6.2 Thermal Flasher
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Flasher Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Flasher Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Flasher Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Flasher Market Size Forecast by Type
10.6.1 Electronic Flasher
10.6.2 Thermal Flasher
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Flasher Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Flasher Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Flasher Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Flasher Market Size Forecast by Type
11.6.1 Electronic Flasher
11.6.2 Thermal Flasher
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Flasher Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Flasher Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Flasher Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Flasher Market Size Forecast by Type
12.6.1 Electronic Flasher
12.6.2 Thermal Flasher
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Flasher Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Flasher Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Flasher Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Flasher Market Size Forecast by Type
13.6.1 Electronic Flasher
13.6.2 Thermal Flasher
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Flasher Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Flasher Market: Competitive Dashboard
14.2 Global Automotive Flasher Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ANDEN (Japan)
14.3.2 Denso (Japan)
14.3.3 Imasen Electric Industrial (Japan)
14.3.4 Miyamoto Electric Horn (Japan)
14.3.5 PKC Group (Finland)
14.3.6 Shanghai SIIC Transportation Electric Co., Ltd. (STEC) (China)
14.3.7 Ubukata Industries (Japan)
14.3.8 Wenzhou Laketec Electronic Parts (China)
14.3.9 ANDEN (Japan)
