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The global stroboscope industry is likely to witness a robust growth in the coming years. One of the main factors for the growth of the market is the rising use of stroboscopes for underwater photography. Since external strobes allow the diver to take sharp pictures by providing high-speed illumination, photographers are increasingly demanding stroboscope for underwater photography. The battery-powered strobe light equipment can also be turned into various positions, providing the user with comfort and meeting the consumer demand. The rising availability of the product on various e-retail sites such as Amazon (NASDAQ: AMZN) has further propelled the market growth.
The Asia Pacific is expected to be the leading regional market for stroboscope. The market in the region is finding impetus for its growth in the rising demand for the product from the expanding automobile industry. The growing industrial automation sector in the region is further contributing to the growth of the market. The rising expansion of the manufacturing industry in countries like India and China is expected to further aid the market growth in the region.
In October 2020, SKF, one of the leading key players in the Indian market, introduced a new range of stroboscopes. The new range of stroboscopes allows one to carry out visual inspections while it is rotating on machinery. The handheld equipment emits light flashes that coincide with the operating machine speed to create the optical effect that permanently freeze the moving parts. This makes it possible to perform a visual inspection. Such new product launches and enhancements are expected to propel the growth of the market.
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The major players in the global stroboscope market are Lutron Electronic Enterprise Co., Ltd., Monarch International, Inc., PCE Holding GmbH, and BBE Bamberg + Bormann Electronic GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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