Insights on the LED Flashlight
According to this report the market was valued at US$ 2,054. million in 2019 and is projected to reach US$ 2,884. million by 2027; it is expected to grow at a CAGR of 4.48% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.To get more news about Nitecore Flashlight, you can visit flashlightbrand.com official website.
A flashlight is a portable battery operated device used for illumination. LED flashlights are replacing traditional flashlights as these consume less power and therefore, work for more hours than normal flashlights while producing low heat. The new flashlights are less bright than conventional incandescent bulbs. LED flashlights are heavily used within residential, military law enforcement, and commercial sectors. As these are energy efficient and function for an extremely long life, they are drawing more attention to the masses. The LED flashlight manufacturers aim to continue enhancing the design of these flashlights. New models with better power sources are gaining high traction.
On the other hand, there is an increase in adoption of LED flashlight among military and law enforcement due to its rugged, compact size and weapon mounting capabilities. These flashlights are more sophisticated than the ones used by the consumer segment. Bayco Products Inc. Browning International S. A, Dorcy International, Duracell Inc. Coast Products Inc. Mag Instrument Inc. Energizer Holdings Inc. Pelican Products, Inc. and Streamlight Inc. are among the key LED flashlight market players that have been profiled during this market study.