USA – LED Flashlight Market Forecast

 

The consumption of new LED flashlights reached an estimated 126.6 million units in 2020

 July 7, 2021 -- 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 U.S. consumption value of LED-based Flashlights in 2020 was estimated at $487.5 million.  Due to the impact on production, sales, shipment, and implementation caused by the negative effects of the coronavirus (COVID-19), ElectroniCast estimated a continued slowdown in 2020 compared to the previous year, along with consumption value concerns this year (2021), since decreasing average selling prices are partially off-setting the increases in volume (quantity) of flashlight units.

 This year (2021), the consultancy forecasts an increase in the consumption value of LED-based flashlights in the United States, after the challenges, caused by the pandemic; however, their forecast presents a relatively “flat” growth pattern in value throughout the decade due mostly by flat-to-decreases in average selling prices, which is due mostly to automated packaged LED manufacturing technology advancements and competitive pressures; the relatively large use of LED-based products had initially been due to the displacement of the various other/competing light source technology. However, according to ElectroniCast, Laser Excited Phosphor (LEP) flashlights are set to take some market share from LED-based flashlights, especially in higher-end rechargeable units.

 The retail-specialty sales channel held a 57% relative market share of the United States’ consumption value in 2020 at nearly $280 million.  The retail-specialty sales channel is forecast to maintain the lead in relative market share throughout the next 10-years in terms of value; however, in terms of volume (quantity/units), the retail-general category will catch up to the retail-specialty sales channel towards the end of the forecast period, as general-type flashlights continue to incorporate increase capability at a lower average selling price.

Rechargeable versus Standard - The consumption value of flashlights in the United States (USA) was estimated at $487.5 million in 2020.  In terms of value, flashlights, which are sold and promoted to recharge the power source (batteries), are forecast to dominate the product mix; however, in terms of the volume (quantity/units), the Standard types of flashlights are forecast to maintain the market share lead. (The Standard-types of flashlights are priced considerably less than the Rechargeable-types). 

 This market forecast report, which is available immediately, is part of a consultant service from ElectroniCast Consultants to our clients. For detailed information on this or other services provided by ElectroniCast, please contact the ElectroniCast Internet site.

ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning, and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm serves industrial companies, trade associations, government agencies, communication, and data network companies and the financial community.  Reduction of the risk of major investment decisions is the main benefit provided.  ElectroniCast Consultants goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.