Aptos, CA, March 21, 2018 --(PR.com
)-- ElectroniCast Consultants, a leading market and technology forecast firm covering photonic and electronic devices, today announced the findings of their market research study of the use of LED-based flashlights in the United States.
According to the study, the overall consumption value is forecast to decrease with rising volume (quantity) growth offset by overall declining average selling prices (ASPs). The quantity of LED flashlights is forecasted to increase from 177 million units in 2017 to 204 million in 2022, and the increase slightly to 208 million in 2027. Market forecast data in the study refers to consumption for a particular calendar year; therefore, the data is not cumulative data.
The market study segments the use of LED flashlights by end-user groups, including: Government use in Military/Law Enforcement/First Responders; other user groups in Government; Commercial/Industrial; and Consumer applications. Last year in 2017, the Commercial/Industrial application held a 45% market share in consumption value, followed by the household or Consumer application segment and then by the Military, Law Enforcement, First Responder sector, and finally the “Other” Government user group segment.
The market study also tracks the primary sales channels, which include in-store and e-commerce sales in specialty-type stores, such as Do-it-Yourself (DYI/hardware), sporting-goods (camping, guns, hunting, scuba/dive, other), and other; and general/variety stores (general merchandise stores, supermarkets/grocery, other), which sell just about anything; and finally, direct-sales from the flashlight brand company to large corporate or government users, as well as consumers making purchases via the Internet or telemarketing. The value of LED flashlights sold to the retail-specialty sales channel segment is forecast to reach $516 million in 2018, according to ElectroniCast Consultants.