Buoy Lanterns Research:CAGR of 3.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Buoy Lanterns- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Buoy Lanterns was estimated to be worth US$ 35.5 million in 2023 and is forecast to a readjusted size of US$ 45.8 million by 2030 with a CAGR of 4.0% during the forecast period 2024-2030.



【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/3182061/buoy-lanterns



Buoy Lanterns Definition

Buoy Lanterns are specialized lighting devices installed on buoys to assist navigation at sea. The light emitted by these lights helps ships identify the location of buoys, determine the type of buoys, and understand the navigation information they convey. They are essential to ensure safe passage, especially at night or in conditions of poor visibility, such as fog or heavy rain.



Buoy Lanterns Industry View

Buoy Lanterns are mainly used in the fields of channel marking, maritime navigation, and water obstacle warning. In terms of channel marking, Buoy Lanterns can clearly mark the direction and boundaries of the channel to help ships navigate safely. In terms of maritime navigation, Buoy Lanterns provide direction guidance and position reference for ships to ensure that ships can sail according to the predetermined route. In terms of water obstacle warning, Buoy Lanterns can warn ships to pay attention to obstacles ahead to avoid collision accidents. In addition, Buoy Lanterns can also be used in fields such as marine environmental monitoring and fishery production, providing strong support for the development of related fields.

In recent years, with the continuous development of global trade, maritime traffic has increased significantly, and the market demand for Buoy Lanterns has also increased accordingly. In addition, in order to improve maritime traffic safety, governments of various countries have increased their investment in navigation facilities such as Buoy Lanterns, further promoting the development of the product market. According to QYR research, the global buoy light market size in 2023 is about US$35.5 million, and it is expected to reach US$45 million in 2030, with a compound annual growth rate of about 4.0% during the forecast period.

Buoy Lanterns products can be divided into many types according to different classification standards. According to the installation method, they can be divided into fixed and floating types; according to the light form, they can be divided into long-brightness type, flashing type and stroboscopic type; according to the use environment, they can be divided into marine Buoy Lanterns, inland river Buoy Lanterns, etc. With the increasing popularity of silicon solar panels, more and more Buoy Lanterns are generally powered by silicon solar power panels and maintenance-free batteries, and are equipped with high-intelligence computer chips to ensure the best match of light control, flashing, and bright cycles. In 2023, the market share of Buoy Lanterns with integrated solar panels is about 86%.

Buoy Lanterns market players are mainly concentrated in Europe and the United States, among which SPX Technologies and Tideland Signal (Orga) lead the global market. In 2023, the market share of the top 5 players in the world exceeds 50%. From the perspective of consumption regions, Europe will have the highest market share in 2023, accounting for about 34%, followed by Asia Pacific and North America.

Today, innovations in GPS synchronization, remote monitoring, and advanced LED technology are changing the traditional single function of Buoy Lanterns. These updates support real-time location and status data to enhance the safety of navigation and marine activities. In addition to navigation, Buoy Lanterns are also increasingly used for environmental monitoring, research, etc. For example, they are equipped with sensors to collect data on water quality, temperature, and wave conditions. In the future, with the continuous innovation of technology and the continuous expansion of the market, the Buoy Lanterns industry will usher in a broader development prospect.



Buoy Lanterns Market Summary

According to the new market research report "Global Buoy Lanterns Market Report 2024-2030", published by QYResearch, the global Buoy Lanterns market size is projected to reach USD 0.04 billion by 2030, at a CAGR of 3.6% during the forecast period.



Global Buoy Lanterns MarketSize(US$ Million), 2019-2030
241204-165420.webp (26 KB)

Above data is based on report from QYResearch: Global Buoy Lanterns Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Buoy Lanterns Top20Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
241204-165455.webp (29 KB)

Above data is based on report from QYResearch: Global Buoy Lanterns Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Buoy Lanterns include SPX Technologies, Tideland Signal (Orga), Pharos Marine Automatic Power, Woori Marine, ITO Navaids, Mesemar, New Marine Engineering, Shanghai Nanhua Electronics, Gisman, Zeni Lite Buoy, etc. In 2023, the global top five players had a share approximately 50.0% in terms of revenue.



Buoy Lanterns,Global Market Size, Split by Product Segment
241204-165518.webp (23 KB)

Based on or includes research from QYResearch: Global Buoy Lanterns Market Report 2024-2030.

In terms of product type, currently Self-Contained Type is the largest segment, hold a share of 85.7%.

In terms of product application, currently Coastal & Port is the largest segment, hold a share of 52.7%.









The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Buoy Lanterns market is segmented as below:

By Company

SPX Technologies
Tideland Signal (Orga)
Pharos Marine Automatic Power
Woori Marine
ITO Navaids
Mesemar
New Marine Engineering
Shanghai Nanhua Electronics
Gisman
Zeni Lite Buoy
Shanghai Rokem
Ecocoast
Wealth Marine
CR Control Systems
Resinex
Floatex
Ryokuseisha
Jiangsu Xingbo Beacon Technology
Hi-Tech Elastomers
Shenzhen Green Source Light Equipment



Segment by Type

Self-Contained Type
Standalone Type



Segment by Application

Offshore
Coastal & Port
Others



Each chapter of the report provides detailed information for readers to further understand the Buoy Lanterns market:

Chapter 1: Introduces the report scope of the Buoy Lanterns report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Buoy Lanterns manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Buoy Lanterns market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Buoy Lanterns in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Buoy Lanterns in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Buoy Lanterns competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Buoy Lanterns comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Buoy Lanterns market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Buoy Lanterns Market Insights, Forecast to 2030
Global and United States Buoy Lanterns Market Report & Forecast 2024-2030
Global Buoy Lanterns Market Research Report 2024
Global Buoy Lanterns Market Report, History and Forecast 2019-2030
Global LED Buoy Lanterns Market Insights, Forecast to 2030
Global and United States LED Buoy Lanterns Market Report & Forecast 2024-2030
LED Buoy Lanterns- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global LED Buoy Lanterns Market Research Report 2024

About Us：

QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
Email: global@qyresearch.com
Tel: 001-626-842-1666(US)  
JP: https://www.qyresearch.co.jp

This release was published on openPR.