LED Diving Torch Sales Market Size, Share, Growth, and Industry Analysis, By Type (Handheld Style, Canister Body Style, and Others), By Application (Primary Dive Lights, Secondary or Back-up Dive Lights, Underwater Photography and Video Lights, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

LED Diving Torch Sales Market Report Overview

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The global LED diving torch market size is expected to be USD 43 million in 2021 and is projected to touch USD 49.64 million by 2031, at a CAGR of 4.9% during the forecast period.

The LED lights used in the diving torch are called LED diving torch. It is a light source that can be used in torches. It is a source of light carried by the diver to illuminate the underwater environment. It is mostly used by scuba divers to carry a self-contained LED light. It is routinely used while cave dives and night dives and is also used when there is no natural light source. It makes the view of an object in greater depth and full color. For usage by divers wearing normal diving gear, the earliest underwater lighting options were either fixed electric flood lamps or portable lamps with dry batteries. A portable lamp with a parabolic lens that is attached to the diver's corset through a ball and socket joint was created by Siebe Gorman & Company Ltd., enabling the diver to operate with both hands.  

It is an advanced generation lighting technology that offers more efficient and flexible color terms, power consumption, and form factors compared to conventional incandescent lighting products. The industry continues to achieve great developments for achieving better light experience for customers and other end users, which includes higher efficiency, customizable technology, and low costs. Various flashlights were introduced in the market, including headlamps, spotlights, and weapon lights. The LED diving torch sales market is expected to grow due to its high performance and durability.

COVID-19 Impact: A Ban On Outings and Recreational Activities Hampered Growth.

The global COVID-19 pandemic has been unprecedented and staggering, with LED diving torch sales experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Since the pandemic breakout in December 2019, the disease has expanded to nearly every country in the world, prompting WHO to declare it a public health emergency. The market suffered significantly, then COVID-19's global repercussions. The growth of the marine bio products market was hampered by travel restrictions, flight cancellations, restaurant closings, quarantines, restrictions on all indoor and outdoor events, the declaration of states of emergency in every country, a significant slowdown in the stock market volatility supply chain, a decline in escalating public panic, business confidence, and uncertainty about the future.

LATEST TRENDS

"Rising Demand for the Product for Outdoor Recreational Activities to Bolster Market Growth"

The LED diving torch sales market growth is anticipated to be backed by the rising number of people doing recreational activities such as hunting, fishing, camping, and diving. As more young people go on adventurous vacations to discover nature, the demand for flashlights used in outdoor recreational activities is rising. When going on a night hike or camping trip, flashlights are needed for safety purposes. As a result, producers are concentrating primarily on producing torches and headlamps with comfortable shapes and water-resistant characteristics, which are perfect for outdoor activities like camping and hunting. The youngsters go on outings and camping frequently, which is expected to propel LED diving torch sales market growth.

LED Diving Torch Sales Market Segmentation

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• By Type Analysis

By type, the market is segmented into handheld style, canister body style, and others.

• By Application Analysis

Based on application, the market is classified into primary dive lights, secondary or back-up dive lights, underwater photography and video lights, and others.

DRIVING FACTORS

"Integration of Advanced Technologies to Propel Market Growth"

The market is anticipated to expand greatly in the future as LED light consumption rises as a result of new technologies and more effective energy sources. The market is expanding as a result of rising demand for engineered waterproof lights and declining pricing. A significant component of the marine sector is lighting. Lighting that functions correctly and enhances the aesthetic appeal of cruise ships is essential to the entire maritime sector. Global shipbuilding activity is on the rise, which is good news for the maritime trade sector. Boat lights serve a variety of functions, including navigation, docking, safety, and decoration. However, lighting is mostly used in the boating industry to ensure proper vessel function and attractive appearance.

Various Applications of the Product in to Cater to Product Demand

Any maritime vessel, including boats, cruise ships, commerce ships, and defense ships, benefits greatly from having a marine LED torch. Different uses for LED diving torches can be found on a ship. They are employed, among other things, in alarm systems, navigation systems, and underwater lighting. For signaling and other crucial uses, marine LED lights are also utilized in surface- and submerged-water ships and boats. The LED diving torch sales are expanding due to its usage in primary, secondary, and backup diving. Moreover, it is also used in underwater photography and videography. The rising demand of youngsters to get themselves recorded underwater is forecasted to boost product demand.

RESTRAINING FACTORS

"Lack of Awareness About the Product to Impede the Market Growth"

The lack of awareness and benefits associated with the usage of the product is forecasted to affect the LED diving torch sales market growth. The presence of alternative products with low cost may scatter the sales of the product. These factors are anticipated to affect market growth.

LED Diving Torch Sales Market Regional Insights

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"North America to Lead Global Market Owing to The Steady Adoption of Advanced Products"

North America is anticipated to hold a dominating part of the LED diving torch sales market share due to the rapid adoption of advanced products. Additionally, the rising government initiatives of the government for lasting battery equipment underwater. The region is estimated to hold approximately 60% of the total market share.

Europe is expected to hold impressive growth in the global market share owing to the growing focus on investing in research and development activities for the development of cost-effective and high-battery power products. 

Europe and the Asia Pacific are expected to hold about 25% of the total LED diving torch sales market share.

KEY INDUSTRY PLAYERS

"Key Players Focusing on Innovative Technology Development to Grow In Market"

The major market players are emphasizing on upgrading their product portfolio by adopting the usage of illumination technology. The visible adoption of technologies, lifespan, and durability of batteries s anticipated to develop as critical parameters. The companies are consistently focusing on innovation of the product in the LED diving torch sales. Various-level LED flashlight is one of the innovations that allow the extension of life and makes it more efficient by providing battery backup. The major market players are focusing on gaining mergers and acquisitions.

List of Market Players Profiled

• Pelican (U.S.)
• Light Monkey (U.S.)
• Hollis (U.K.)
• Halcyon (U.S.)
• Light & Motion (U.S.)
• SureFire (U.S.)
• Bigblue Dive Lights (U.S.)
• SecurityIng (U.S.)
• Underwater Kinetics (U.S.)
• INON (India)
• AmmoniteSystem (U.S.)
• Princeton (U.S.)
• Ultimate Sports Engineering (U.K.)
• Dive Rite (U.S.)
• Xiware Technologies (Canada)
• Shenzhen Yeguang (China)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.