Led Lantern Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0097799
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.23 |
Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries
Download Sample PdfReport Overview
The LED Lantern Market size is estimated to grow at a CAGR of 7.92% between 2022 and 2032. The market size is forecast to increase by USD 1,567.45 million. The growth of the market depends on several factors, including the increasing demand for portable lighting solutions, rising outdoor recreational activities, and the growing focus on energy efficiency. LED lanterns are a type of portable lighting device that utilizes LED technology to provide illumination in outdoor settings. They are commonly used for camping, hiking, emergency situations, and other activities where reliable and convenient lighting is required.
LED Lantern Market Overview:
Drivers:
One of the key factors driving the LED lantern market growth is the increasing demand for portable lighting solutions. LED lanterns offer the advantage of being compact, lightweight, and easy to carry, making them ideal for outdoor activities. They provide bright and efficient lighting, allowing users to navigate and perform tasks in dark environments. LED technology offers long battery life, reducing the need for frequent battery replacements and ensuring extended usage time. The convenience and versatility of LED lanterns make them popular among outdoor enthusiasts, campers, and adventurers.
Moreover, the rising trend of outdoor recreational activities is also driving the market growth. With the growing interest in camping, hiking, and other outdoor pursuits, there is a higher demand for reliable lighting solutions. LED lanterns provide a safe and efficient source of light in remote or off-grid locations, enhancing the overall outdoor experience. The durability and ruggedness of LED lanterns make them suitable for outdoor environments, with features such as water resistance and impact resistance.
Trends:
A key trend shaping the LED lantern market is the integration of advanced features and smart functionalities. Manufacturers are incorporating features such as adjustable brightness levels, multiple lighting modes, and built-in power banks for charging electronic devices. Some LED lanterns also offer Bluetooth connectivity or mobile app control, allowing users to customize the lighting settings and access additional functionalities. These smart features enhance the user experience and provide added convenience and versatility.
Furthermore, there is a growing focus on energy efficiency, which is driving the demand for LED lanterns. LED technology is known for its energy-saving capabilities, consuming less power compared to traditional lighting technologies. LED lanterns offer longer battery life and reduced energy consumption, making them an environmentally friendly lighting solution. The increasing awareness of sustainability and the desire for eco-friendly products contribute to the adoption of LED lanterns.
Restraints:
One of the key challenges hindering the LED lantern market growth is the initial cost of LED lanterns compared to traditional lanterns. LED lanterns generally have a higher upfront cost due to the advanced technology and features they offer. This cost factor may deter price-sensitive consumers from adopting LED lanterns, especially in price-sensitive markets. However, the long-term cost savings through energy efficiency and durability make LED lanterns a cost-effective choice in the long run.
LED Lantern Market Segmentation By Application:
The camping and outdoor activities segment is estimated to witness significant growth during the forecast period. LED lanterns are widely used for camping, hiking, and other outdoor recreational activities. They provide reliable and portable lighting solutions, allowing users to illuminate their surroundings and perform tasks in the dark. LED lanterns offer features such as adjustable brightness, long battery life, and durability, making them suitable for outdoor environments.
The emergency and backup lighting segment is also expected to contribute to the market growth. LED lanterns serve as a reliable source of light during power outages or emergency situations. They provide illumination for safety and convenience, ensuring visibility in critical situations. LED lanterns with built-in power banks or USB charging ports offer the additional benefit of charging electronic devices during emergencies.
LED Lantern Market Segmentation By Type:
The rechargeable LED lantern segment is expected to dominate the market during the forecast period. Rechargeable LED lanterns offer the advantage of convenience and cost savings. They can be easily recharged using various power sources such as USB ports, solar panels, or car chargers. Rechargeable LED lanterns eliminate the need for disposable batteries, reducing waste and operating costs. These lanterns are popular among outdoor enthusiasts and travelers who prefer sustainable and long-lasting lighting solutions.
Regional Overview:
Download the report summary now!
Request pdf Sample
North America is estimated to contribute significantly to the growth of the global LED lantern market during the forecast period. The region has a high prevalence of outdoor recreational activities and a strong camping culture, driving the demand for LED lanterns. The presence of key market players, technological advancements, and the availability of a wide range of LED lantern options further support market growth in North America.
Europe is also expected to witness substantial growth in the LED lantern market. The region has a growing interest in outdoor activities and a focus on energy efficiency. The increasing popularity of sustainable and eco-friendly products contributes to the adoption of LED lanterns in Europe.
LED Lantern Market Customer Landscape:
The LED lantern market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major LED Lantern Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the LED lantern market include:
- Black Diamond Equipment Ltd.
- Energizer Holdings, Inc.
- Goldmore Co., Ltd.
- Johnson Outdoors Inc.
- Nite Ize, Inc.
- Olight Technology Co., Ltd.
- Streamlight Inc.
- Vont
- Wagan Corporation
- Zippo Manufacturing Company
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The LED lantern market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Camping and Outdoor Activities
o Emergency and Backup Lighting
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Rechargeable LED Lanterns
o Battery-powered LED Lanterns
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL LED Lantern MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. LED Lantern MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. LED Lantern Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. LED Lantern MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. LED Lantern MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. LED Lantern MARKET REGIONAL OUTLOOK
7.1. LED Lantern Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America LED Lantern Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America LED Lantern Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America LED Lantern Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America LED Lantern Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America LED Lantern Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
Personalized Business Report Tailored to Your Requirements
- Our expert analysts collaborate directly with you to comprehend your specific needs.
- Get data on regions, segments, competitors, and vendors of your choice.
- Information is presented in alignment with your exact preferences and formatting.
Free Sample Report
"Find new revenue generation opportunities"