What is Global LED Diving Torch Market?
The Global LED Diving Torch Market is a specialized sector within the broader market of diving equipment. It specifically focuses on the production, distribution, and sales of LED diving torches, which are essential tools for divers. These torches are designed to withstand the high pressure and harsh conditions of underwater environments, providing reliable and efficient lighting solutions for divers. The market is driven by the increasing popularity of recreational diving and underwater photography, as well as the need for reliable lighting solutions in commercial and professional diving operations. The global market value of LED Diving Torch was estimated to be around US$ 43 million in 2022. It is projected to increase to approximately US$ 60 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period from 2023 to 2029. This growth is indicative of the increasing demand for these products in various diving applications.
Handheld Style, Canister Body Style, Others in the Global LED Diving Torch Market:
The Global LED Diving Torch Market is segmented based on the style of the torches, which include Handheld Style, Canister Body Style, and Others. The Handheld Style segment holds the largest share in the market, accounting for about 75% of the total market. These torches are preferred by divers due to their compact size, ease of use, and versatility. They can be easily carried and maneuvered underwater, making them ideal for a wide range of diving activities. The Canister Body Style segment, on the other hand, includes torches that are designed with a separate canister for the battery and light source. These torches are typically used in technical and cave diving, where longer battery life and high-intensity light are required. The Others segment includes specialized torches designed for specific applications or user requirements.
Primary Dive Lights, Secondary or Back-up Dive Lights, Underwater Photography and Video Lights, Others in the Global LED Diving Torch Market:
The Global LED Diving Torch Market also varies based on the usage of the torches. The primary uses include Primary Dive Lights, Secondary or Back-up Dive Lights, Underwater Photography and Video Lights, and Others. Primary Dive Lights are the main source of light for divers, providing illumination for navigation and exploration. Secondary or Back-up Dive Lights are used as a backup in case the primary light fails. Underwater Photography and Video Lights are specialized lights designed to enhance the quality of underwater photos and videos. The Others category includes torches used for specific applications such as cave diving, night diving, and wreck diving.
Global LED Diving Torch Market Outlook:
To rephrase the market outlook, the Global LED Diving Torch Market, which was valued at US$ 43 million in 2022, is expected to grow to US$ 60 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period from 2023 to 2029. The top three manufacturers in this market collectively hold a market share of about 25%. In terms of product segmentation, the Handheld Style segment is the most dominant, accounting for approximately 75% of the market.
| Report Metric | Details |
| Report Name | LED Diving Torch Market |
| Accounted market size in 2022 | US$ 43 in million |
| Forecasted market size in 2029 | US$ 60 million |
| CAGR | 4.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Consumption by Region |
|
| By Company | Pelican, Light Monkey, Hollis, Halcyon, Light & Motion, SureFire, Bigblue Dive Lights, SecurityIng, Underwater Kinetics, INON, AmmoniteSystem, Princeton, Ultimate Sports Engineering, Dive Rite, Xiware Technologies, Shenzhen Yeguang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
