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Global Stroboscope Market to Grow at a CAGR of 7% During 2021-2026, Driven by the Rising Use of the Product in Underwater Photography

According to a new report by EMR titled, ‘Global Stroboscope Market Report and Forecast 2021-2026’, the global market for stroboscope is expected to grow at a CAGR of 7% in the forecast period of 2021-2026.

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.

Market Analysis by Type, Modularity, Application, and Region:

  • The major types of the product can be divided into analogue type and digital type.
  • The modularity of stroboscope can be categorised into fixed and portable.
  • It finds wide applications in industrial, healthcare, and research and education, among others.
  • The regional markets for stroboscope include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The battery-powered strobe lighting equipment can be changed to different positions and provide the user comfort, thus driving the demand for stroboscope.
  • The rising economies of the major regions are driving the growth of the market.
  • The rapidly rising automotive industry is also boosting growth of the industry.
  • Factors like quick replacement for older vehicles, easier access to loans, as well as rising use of fuel-efficient automobiles are aiding the market growth.
  • The growing applications for detecting the actual location when the fuel injection valves open up will boost the adoption of stroboscope.
  • The rising use of stroboscopes in underwater photography is further driving the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for stroboscope for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, modularity, applications, and major regions of stroboscope.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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