Market Overview:
The global turn indicators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for turn indicators in military and civil aircrafts. Additionally, the growing demand for advanced electronic type turn indicators is also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent regulatory norms are restraining the growth of this market.
Product Definition:
A turn indicator is a device on a vehicle that signals the driver when to make a turn. The indicators are usually located on the front and back of the vehicle. They may be either mechanical or electronic, and they may use light, sound, or vibration to communicate with the driver.
Electronic type:
Electronic type is a technology that involves the use of electronic components in the form of sensors, transducers, and microcontrollers for measuring or controlling some physical phenomenon. Electronic types are used as indicators for traffic signals and road signs to show red or green color respectively. They can also be used in combination with other traditional manual tools such as stop watches or timing belts to provide accurate results.
Mechanical type:
The mechanical type is used in turn indicators to indicate the direction of traffic. It consists of a series of discs or wheels that are turned by an electric motor and it shows the direction of traffic from left to right and vice versa. The size, shape, color, material used for manufacturing these products plays a very important role in influencing consumer buying behavior.
The global turn indicators market is segmented on the basis of product types such as disc type.
Application Insights:
The global turn indicators market is segmented by application into military aircraft and civil aircraft. The civil segment held the largest share of over 70.0% in 2017, owing to the growing demand for passenger travel and cargo transport services across various regions including Asia Pacific, North America and Europe. Moreover, increasing air traffic due to rise in tourism activities has increased the need for safe operations resulting in adoption of modern equipment such as turn indicators in civil aviation worldwide.
Military Aircrafts are expected to be one of the fastest-growing segments during forecast years with a CAGR exceeding 8% from 2018 to 2030 globally on account of high usage rateturn Indicatorsin Military Aircrafts compared with other types namely; business jets, helicopters & UAVs (unmanned aerial vehicles).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing military expenditure in countries such as China and India. For instance, according to IISS 2017, China’s defense budget was USD X billion which constituted 4% of GDP in 2016. In addition, rising tensions between Pakistan and India are expected to boost demand for turn indicators across Asia Pacific region.
North America accounted for a significant share of global market revenue owing to high demand from commercial aircraft manufacturers such as Boeing and Airbus who are investing heavily in R&D activities relatedturn indicatorsturn signalssmart aviation technology for future aircraft developments to enhance safety featuresin their products thereby boosting regional growth over the forecast period.
Growth Factors:
- Increasing demand for automobiles
- Technological advancements in turn indicators
- Rising disposable income of consumers
- Growing awareness about the benefits of turn indicators among consumers
- Government regulations mandating the use of turn indicators
Scope Of The Report
Report Attributes
Report Details
Report Title
Turn Indicators Market Research Report
By Type
Electronic type, Mechanical type
By Application
Military Aircrafts, Civil Aircrafts
By Companies
Kelly Manufacturing Company, Mikrotechna Praha a.s., Mid-Continent Instruments and Avionics, Bendix, Pioneer, Baocheng Group, Nu-Tek Aircraft Instruments, Tokyo Aircraft Instrument
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Turn Indicators Market Report Segments:
The global Turn Indicators market is segmented on the basis of:
Types
Electronic type, Mechanical type
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
Military Aircrafts, Civil Aircrafts
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:
- Kelly Manufacturing Company
- Mikrotechna Praha a.s.
- Mid-Continent Instruments and Avionics
- Bendix
- Pioneer
- Baocheng Group
- Nu-Tek Aircraft Instruments
- Tokyo Aircraft Instrument
Highlights of The Turn Indicators 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 type
- Mechanical type
- By Application:
- Military Aircrafts
- Civil Aircrafts
- 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 Turn Indicators 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?
Turn indicators are a type of indicator used on vehicles to indicate when the vehicle has completed a full turn.
Some of the major players in the turn indicators market are Kelly Manufacturing Company, Mikrotechna Praha a.s., Mid-Continent Instruments and Avionics, Bendix, Pioneer, Baocheng Group, Nu-Tek Aircraft Instruments, Tokyo Aircraft Instrument.
The turn indicators market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Turn Indicators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Turn Indicators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Turn Indicators Market - Supply Chain
4.5. Global Turn Indicators Market Forecast
4.5.1. Turn Indicators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Turn Indicators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Turn Indicators Market Absolute $ Opportunity
5. Global Turn Indicators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Turn Indicators Market Size and Volume Forecast by Type
5.3.1. Electronic type
5.3.2. Mechanical type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Turn Indicators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Turn Indicators Market Size and Volume Forecast by Application
6.3.1. Military Aircrafts
6.3.2. Civil Aircrafts
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Turn Indicators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Turn Indicators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Turn Indicators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Turn Indicators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Turn Indicators Demand Share Forecast, 2019-2026
9. North America Turn Indicators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Turn Indicators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Turn Indicators Market Size and Volume Forecast by Application
9.4.1. Military Aircrafts
9.4.2. Civil Aircrafts
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Turn Indicators Market Size and Volume Forecast by Type
9.7.1. Electronic type
9.7.2. Mechanical type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Turn Indicators Demand Share Forecast, 2019-2026
10. Latin America Turn Indicators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Turn Indicators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Turn Indicators Market Size and Volume Forecast by Application
10.4.1. Military Aircrafts
10.4.2. Civil Aircrafts
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Turn Indicators Market Size and Volume Forecast by Type
10.7.1. Electronic type
10.7.2. Mechanical type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Turn Indicators Demand Share Forecast, 2019-2026
11. Europe Turn Indicators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Turn Indicators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Turn Indicators Market Size and Volume Forecast by Application
11.4.1. Military Aircrafts
11.4.2. Civil Aircrafts
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Turn Indicators Market Size and Volume Forecast by Type
11.7.1. Electronic type
11.7.2. Mechanical type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Turn Indicators Demand Share, 2019-2026
12. Asia Pacific Turn Indicators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Turn Indicators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Turn Indicators Market Size and Volume Forecast by Application
12.4.1. Military Aircrafts
12.4.2. Civil Aircrafts
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Turn Indicators Market Size and Volume Forecast by Type
12.7.1. Electronic type
12.7.2. Mechanical type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Turn Indicators Demand Share, 2019-2026
13. Middle East & Africa Turn Indicators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Turn Indicators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Turn Indicators Market Size and Volume Forecast by Application
13.4.1. Military Aircrafts
13.4.2. Civil Aircrafts
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Turn Indicators Market Size and Volume Forecast by Type
13.7.1. Electronic type
13.7.2. Mechanical type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Turn Indicators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Turn Indicators Market: Market Share Analysis
14.2. Turn Indicators Distributors and Customers
14.3. Turn Indicators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kelly Manufacturing Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mikrotechna Praha a.s.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mid-Continent Instruments and Avionics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bendix
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pioneer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Baocheng Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nu-Tek Aircraft Instruments
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tokyo Aircraft Instrument
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
