Signaling Devices Market - Forecast(2021 - 2026)

A signaling device is the electronic device that is capable of detecting flaws in the system and sending warning sign to mitigate the chances of accident. These devices are utilized in numerous applications and have found growing adoption in recent years. Signaling devices are an important aspect of any safety management system such as Dam Safety System, Earthquake Warning System, Fire alarm system and Defense warning systems and others.  They have an important role of highlight the target about the change in parameters. 

APAC was the largest market for signaling devices in 2017 followed by the Americas. The growth of signaling device market can be attributed to the growing focus on safety in industrial sector. Also, the flourishing E-Commerce sector is driving the growth of this market. The global market was estimated to be $ 1925 million in 2017 and it is expected that it will reach to $ 2391 million by 2023. The growth rate for the forecast period is expected to be 3.7%.

What are Signaling Devices?

Devices which are used to pass a signal intentionally from source to destination or raise an alarm that can be a sound or visual alarm depending on the type of device on the trigger from the control panel are considered as signaling devices. These devices are normally connected through the control panel. These devices are configured and positioned in the right places so that people can be aware of the intrusion easily and take corrective measures. Example of signaling devices are Hooters, Strobe lights etc. Signaling devices can be comprised of a variety of different styles, colors and shapes and are used for many different purposes. Signaling typically consists of lights combined with a variety of sound producing products.

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What are the major applications for Signaling Devices?

Signal Devices are used in various locations which are different in terms of situations and terrains. They are used to signal the status of machinery, conveyors, and automated lines using different colors to show the status from a distance. Other uses are for visibility of emergency vehicles, smoke alarms, school buses, fire escape, snow plows, wreckers, slower moving construction vehicles, such as end loaders and graders, and are commonly used in conjunction with back-up alarms on fork trucks. Entrances and exits in loud environments use signal lights as a way to warn of hazardous environments and dangerous areas. The lights are designed for indoor and indoor/outdoor use. Applications and other aspects of a signaling system need to be considered when purchasing signaling lights. Different applications may call for different bulb types, voltage and colors as well as how the light is going to be mounted. Besides visual devices audible alarms are also implemented for similar purposes.

Market Research and Market Trends of Signaling Devices Ecosystem

• Aqua Rimat is looking for partnership which can help them tailor their technologies and products to the markets in India and Asia. Aqua Rimat is a Hi-Tech and highly innovative company that is manufacturing a water meter, which is comprised of features like water alarm system as well as domestic water management and water damage prevention tools.  Many such companies including BAS - Biological Alarm Systems, Dr Ten, ICL Innovation are among the companies that are looking for Indian partners. Thus, there is a high scope of signaling devices expected in Southeast Asia. 
  
• Continuous research and development has led to improved devices for signaling in emergency situations. The growing disaster management concern is expected push the demand for signaling devices. . For implementation at emergency sites it is necessary to verify the sound intensity measured in DECIBEL (dB); the sound frequency measured in HERTZ (Hz), the distance between the audible warning device and the operator and the existing environment noise. The technical research still continues for better systems.
  
• Auer products are using the latest design and manufacturing techniques including camera controlled SMD machines (for placing surface mount devices), ultrasonic welding machines, test robots, as well as the latest software for 3D modeling, mold flow analysis and stereolithography which ensures that Auer products remain world class. Auer Signal Company has designed and manufactured high quality visual and audible signaling equipment and is considered greatly experienced firm throughout Europe.
  
• There are about 10 satellites around the world that are owned by different nations that make up the Cospas-Sarsat system. In the next few years, that10 is expected to rise to 70 or 80. Beacons are going to change in functionality. The whole concept of what beacons are and what they do is expected to change. A global change which analogues the shift from analog to digital technology is anticipated with the growing success in space technology.
  
• M-512 Signal Controller and Fog Signal Timer is one of the best new accessories which have recently been introduced by Kahlenberg. It significantly improves safety by producing automatic sound and light signals for navigation as required by the USCG, IMO and SOLAS  regulations, as they pertain to various ships and yachts .The M-512 is illuminated and dimmable, and can be linked to sound or light signal system, or any additional external push buttons, in multiple locations. Its capabilities include automatic or at-will control for up to two horns and/or Morse lights. Interface has simplicity of one touch incorporated for its user. 
  

Who are the Major Players in Signaling Devices market?

The players profiled in the report include Patlite Corporation, Siemens, NHP Electrical Engineering Products, General Electric, Rockwell Automation, ATLONA TECHNOLOGIES, AXIS COMMUNICATIONS, B+B SMARTWORX, BOSCH COMMUNICATIONS, BTU RESEARCH LLC, BUFFALO AMERICAS. 

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2024.

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Key Takeaways from this Report

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  
• Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  
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• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.