Market Overview:
The global optical and acoustic signal devices 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 visual and audible signalling equipment in various industrial applications. Additionally, the growing awareness about safety and security among end-users is also propelling the demand for optical and acoustic signal devices globally. Based on type, the global optical and acoustic signal devices market can be segmented into visual signalling equipment, audible signalling equipment, visual-audible signalling equipment, and signal towers. The visual signalling equipment segment is expected to hold a major share of the global market during the forecast period owing to its wide application in various industries such as oil & gas, manufacturing/machine building, chemical & pharmaceuticals etc. Audible signalling equipment is also anticipated to witness significant growth during the forecast period due its increasing adoption in mining applications across different regions worldwide. On basis of application,the global optical and acoustic signal devices market can be divided into six segments namely oil & gas industry; manufacturing/machine building industry; chemical & pharmaceuticals industry; food processing & beverages industry; energy production& power generationindustry ;and other industrial sectors including construction ,transportation etc .
Product Definition:
An optical signal device is a piece of hardware that uses light to transmit data. An acoustic signal device is a piece of hardware that uses sound waves to transmit data. Both optical and acoustic signal devices are used in communication systems, where they are responsible for transmitting signals between two points.
Visual Signalling Equipment:
Visual Signalling Equipment is used to communicate with vessels at sea and also for road traffic incidents. It comprises of a range of devices such as semaphore, flashing light, and mast-mounted light. Visual Signalling is the most economical way to communicate in case of emergencies on water or land. It helps in increasing safety by reducing road accidents and vessel collisions at sea or while traveling through fog/haze.
Audible Signalling Equipment:
Audible Signalling Equipment is used in Optical and Acoustic Signal Devices to communicate information from one place to another. It’s a two-way communication system that uses sound waves for the transmission of messages. The audible signal devices are widely used in railways, roadways, airports, warehouses and storage facilities among others.
The audible signal devices can be broadly classified into two types: active and passive systems.
Application Insights:
The manufacturing/machine building application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for automation in manufacturing facilities, rising adoption of optical and acoustic signal devices by manufacturers as well as suppliers, and growing focus on safety at workplace across various industries worldwide.
The oil and gas industry is one of the major consumers of these products globally owing to its critical nature during exploration activities, drilling operations, production sites, offshore platforms along with other related infrastructure development activities such as pipeline installation or maintenance operations that require utmost care while installing or maintaining any equipment.
In addition to this end-use sector including oil.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period owing to increasing government investments and favorable regulations for infrastructural development. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 due to rapid industrialization, improving infrastructure, and rising demand for energy across various end-use industries in emerging economies such as China, India, Indonesia, Malaysia and Thailand. Moreover, growing foreign direct investments are projected to drive optical/acoustic signal devices manufacturing capacity across countries such as Japan and South Korea over the coming years.
Growth Factors:
- Increasing demand for optical and acoustic signal devices in the automotive industry for advanced safety features.
- Growing demand from the telecommunications sector for high-speed data transmission.
- Proliferation of 4G and 5G networks across the globe is expected to drive the growth of optical and acoustic signal devices market over the forecast period.
- Rising demand from consumer electronics sector for enhanced audio quality in portable devices such as smartphones, tablets, and laptops.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical and Acoustic Signal Devices Market Research Report
By Type
Visual Signalling Equipment, Audible Signalling Equipment, Visual-audible Signalling Equipment, Singal Towers
By Application
Oil and Gas, Manufacturing/Machine Building, Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining, Commercial and Civil, Others
By Companies
Patlite Corporation, Federal Signal Corporation, Werma Signaltechnik GmbH, Eaton Corporation PLC (Cooper Industries), Rockwell Automation, Inc., Potter Electric Signal Company, LLC, Honeywell (Novar GmbH), Siemens AG, Schneider Electric, R. Stahl AG, Auer Signal, E2S Warning Signals, Sirena S.p.A., Pfannenberg, Tomar Electronics, Inc, Edwards Signaling, AXIMUM, Moflash Signalling Ltd, Emerson Electric Co., D.G. Controls, Mircom, Pepperl+Fuchs, Leuze electronic GmbH, SM Electrics
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 Optical and Acoustic Signal Devices Market Report Segments:
The global Optical and Acoustic Signal Devices market is segmented on the basis of:
Types
Visual Signalling Equipment, Audible Signalling Equipment, Visual-audible Signalling Equipment, Singal Towers
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
Oil and Gas, Manufacturing/Machine Building, Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining, Commercial and Civil, Others
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:
- Patlite Corporation
- Federal Signal Corporation
- Werma Signaltechnik GmbH
- Eaton Corporation PLC (Cooper Industries)
- Rockwell Automation, Inc.
- Potter Electric Signal Company, LLC
- Honeywell (Novar GmbH)
- Siemens AG
- Schneider Electric
- R. Stahl AG
- Auer Signal
- E2S Warning Signals
- Sirena S.p.A.
- Pfannenberg
- Tomar Electronics, Inc
- Edwards Signaling
- AXIMUM
- Moflash Signalling Ltd
- Emerson Electric Co.
- D.G. Controls
- Mircom
- Pepperl+Fuchs
- Leuze electronic GmbH
- SM Electrics
Highlights of The Optical and Acoustic Signal Devices 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:
- Visual Signalling Equipment
- Audible Signalling Equipment
- Visual-audible Signalling Equipment
- Singal Towers
- By Application:
- Oil and Gas
- Manufacturing/Machine Building
- Chemical and Pharmaceutical
- Food and Beverages
- Energy and Power
- Mining
- Commercial and Civil
- Others
- 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 Optical and Acoustic Signal Devices 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
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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?
Optical and acoustic signal devices are used to transmit information through the air or through a medium such as water. Optical signals use light to carry information, while acoustic signals use sound waves.
Some of the key players operating in the optical and acoustic signal devices market are Patlite Corporation, Federal Signal Corporation, Werma Signaltechnik GmbH, Eaton Corporation PLC (Cooper Industries), Rockwell Automation, Inc., Potter Electric Signal Company, LLC, Honeywell (Novar GmbH), Siemens AG, Schneider Electric, R. Stahl AG, Auer Signal, E2S Warning Signals, Sirena S.p.A., Pfannenberg, Tomar Electronics, Inc, Edwards Signaling, AXIMUM, Moflash Signalling Ltd, Emerson Electric Co., D.G. Controls, Mircom, Pepperl+Fuchs, Leuze electronic GmbH, SM Electrics.
The optical and acoustic signal devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size & Forecast, 2018-2028
4.5.1 Optical and Acoustic Signal Devices Market Size and Y-o-Y Growth
4.5.2 Optical and Acoustic Signal Devices Market Absolute $ Opportunity
Chapter 5 Global Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size Forecast by Type
5.2.1 Visual Signalling Equipment
5.2.2 Audible Signalling Equipment
5.2.3 Visual-audible Signalling Equipment
5.2.4 Singal Towers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Manufacturing/Machine Building
6.2.3 Chemical and Pharmaceutical
6.2.4 Food and Beverages
6.2.5 Energy and Power
6.2.6 Mining
6.2.7 Commercial and Civil
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Analysis and Forecast
9.1 Introduction
9.2 North America Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size Forecast by Type
9.6.1 Visual Signalling Equipment
9.6.2 Audible Signalling Equipment
9.6.3 Visual-audible Signalling Equipment
9.6.4 Singal Towers
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 Optical and Acoustic Signal Devices Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Manufacturing/Machine Building
9.10.3 Chemical and Pharmaceutical
9.10.4 Food and Beverages
9.10.5 Energy and Power
9.10.6 Mining
9.10.7 Commercial and Civil
9.10.8 Others
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 Optical and Acoustic Signal Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size Forecast by Type
10.6.1 Visual Signalling Equipment
10.6.2 Audible Signalling Equipment
10.6.3 Visual-audible Signalling Equipment
10.6.4 Singal Towers
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 Optical and Acoustic Signal Devices Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Manufacturing/Machine Building
10.10.3 Chemical and Pharmaceutical
10.10.4 Food and Beverages
10.10.5 Energy and Power
10.10.6 Mining
10.10.7 Commercial and Civil
10.10.8 Others
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 Optical and Acoustic Signal Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size Forecast by Type
11.6.1 Visual Signalling Equipment
11.6.2 Audible Signalling Equipment
11.6.3 Visual-audible Signalling Equipment
11.6.4 Singal Towers
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 Optical and Acoustic Signal Devices Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Manufacturing/Machine Building
11.10.3 Chemical and Pharmaceutical
11.10.4 Food and Beverages
11.10.5 Energy and Power
11.10.6 Mining
11.10.7 Commercial and Civil
11.10.8 Others
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 Optical and Acoustic Signal Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical and Acoustic Signal Devices 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 Optical and Acoustic Signal Devices Market Size Forecast by Type
12.6.1 Visual Signalling Equipment
12.6.2 Audible Signalling Equipment
12.6.3 Visual-audible Signalling Equipment
12.6.4 Singal Towers
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 Optical and Acoustic Signal Devices Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Manufacturing/Machine Building
12.10.3 Chemical and Pharmaceutical
12.10.4 Food and Beverages
12.10.5 Energy and Power
12.10.6 Mining
12.10.7 Commercial and Civil
12.10.8 Others
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) Optical and Acoustic Signal Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical and Acoustic Signal Devices 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) Optical and Acoustic Signal Devices Market Size Forecast by Type
13.6.1 Visual Signalling Equipment
13.6.2 Audible Signalling Equipment
13.6.3 Visual-audible Signalling Equipment
13.6.4 Singal Towers
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) Optical and Acoustic Signal Devices Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Manufacturing/Machine Building
13.10.3 Chemical and Pharmaceutical
13.10.4 Food and Beverages
13.10.5 Energy and Power
13.10.6 Mining
13.10.7 Commercial and Civil
13.10.8 Others
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 Optical and Acoustic Signal Devices Market: Competitive Dashboard
14.2 Global Optical and Acoustic Signal Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Patlite Corporation
14.3.2 Federal Signal Corporation
14.3.3 Werma Signaltechnik GmbH
14.3.4 Eaton Corporation PLC (Cooper Industries)
14.3.5 Rockwell Automation, Inc.
14.3.6 Potter Electric Signal Company, LLC
14.3.7 Honeywell (Novar GmbH)
14.3.8 Siemens AG
14.3.9 Schneider Electric
14.3.10 R. Stahl AG
14.3.11 Auer Signal
14.3.12 E2S Warning Signals
14.3.13 Sirena S.p.A.
14.3.14 Pfannenberg
14.3.15 Tomar Electronics, Inc
14.3.16 Edwards Signaling
14.3.17 AXIMUM
14.3.18 Moflash Signalling Ltd
14.3.19 Emerson Electric Co.
14.3.20 D.G. Controls
14.3.21 Mircom
14.3.22 Pepperl+Fuchs
14.3.23 Leuze electronic GmbH
14.3.24 SM Electrics
