The global marine signalling devices market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors propelling the growth of the global marine signalling devices market include the stringent government regulations regarding marine safety and rising LED signalling devices adoption.
One of the most important pieces of safety equipment on a boat is the signalling device. Radar reflectors, horns, and whistles, as well as safety lights and a collection of safety flags, are instances. Several government rules, including the International Maritime Organization, are being created to control the usage of marine signalling devices (IMO). Furthermore, due to its energy-saving qualities, LED illumination is used in nautical signalling equipment. LED lights’ efficiency is expected to expand their use in nautical signalling systems.
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The major players contributing to the growth of the global marine signalling devices market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include ACR Electronics, Inc., Comet Group, E2S Warning Signals, Greatland Laser, Kahlenberg Industries, among others.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Type
· By Application
· Competitive Landscape- ACR Electronics, Inc., Comet Group, E2S Warning Signals, Greatland Laser, Kahlenberg Industries, among others.
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Global Marine Signaling Devices Market by Segments
By Type
• Visual Marine Signaling Devices
• Audible Marine Signaling Devices
By Application
• Cargo Ships
• Passenger Ships
• Boats
Global Marine Signaling Devices Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
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