The new report by Expert Market Research titled, ‘Global Stroboscope Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global stroboscope market size, assessing the market based on its segments like types, modulatory, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7%
The increasing application of stroboscopes in the healthcare industry is driving the market growth. Stroboscopes are used in the flashing light therapy in the treatment of Alzheimer’s. In addition to this, the heightened demand for stroboscopes to improve the diagnosis of muscle tension dysphonia is further propelling the market growth.
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Moreover, the increasing application of the product in the industrial sector, owing to the rapid expansion of industries, such as automotive, is likely to aid the market growth in the coming years. On the basis of region, Asia Pacific accounts for a significant share of the market owing to the robust industrial developments across the emerging economies, such as India and China.
Stroboscope Industry Definition and Major Segments
Stroboscope is defined as an electronic instrument which enables the analysis of bodily motion by slowing down the speed of movement. It produces a flash of light, which is synchronised with the periodic movement of an object. The device find extensive applications in healthcare and industrial sectors.
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On the basis of type, the market can be segmented into:
- Analogue Type
- Digital Type
Based on modularity, the market has been segmented into:
- Fixed
- Portable
By application, the market has been bifurcated into:
- Industrial
- Healthcare
- Research and Education
- Others
The regional markets for stroboscope include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Stroboscope Market Trends
The key trends in the stroboscope market include the technological advancements in the automotive industry, which is propelling the demand for stroboscopes to bolster the efficiency of movements of components. The robust growth of electric car sales are boosting the demand for stroboscope.
Meanwhile, the increasing deployment of stroboscopes in the research and education field owing to facilitate better understanding of science and technology is likely to be another crucial trend in the market development. The increasing healthcare expenditure, rising cases of Alzheimer’s, and rising health awareness in the developing economies are some of the major factors bolstering the deployment of stroboscopes.
Key Market Players
The major players in the market are:
- Lutron Electronic Enterprise Co., Ltd.
- Monarch International, Inc.
- PCE Holding GmbH
- BBE Bamberg + Bormann Electronic GmbH
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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