Wireless Remote Control Lifebuoy Market
Wireless Remote Control Lifebuoy Market Forecasts to 2030 - Global Analysis By Type (Standard, Advanced, Customized, Inflatable and Other Types), Sales Channel (Direct Sales, Online Retail and Offline Retail), Technology, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $294.5 MN |
|
Projected Year Value (2030) |
US $531.5 MN |
|
CAGR (2023 - 2030) |
8.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Wireless Remote Control Lifebuoy Market is accounted for $294.5 million in 2023 and is expected to reach $531.5 million by 2030growing at a CAGR of 8.8% during the forecast period. A wireless remote control lifebuoy is a safety device used in water environments, typically designed to aid in rescue operations. It consists of a buoyant ring or device that can be thrown into the water to provide flotation support to a person in distress. This remote control feature might allow the rescuer to maneuver the lifebuoy towards the person in need, enabling easier and quicker assistance. Additionally, some advanced models might incorporate features such as GPS tracking or signaling mechanisms to enhance rescue operations further.
Market Dynamics:
Driver:
Growing water-based recreational activities
As demand for water-based recreational activities surges, the market is witnessing rapid growth. With safety being paramount, these innovative devices offer peace of mind to enthusiasts. From remote-controlled retrieval to real-time monitoring, they ensure swift assistance in emergencies. Boasting enhanced features such as GPS tracking and automated distress signals, they cater to diverse aquatic environments. This burgeoning market reflects the evolving needs of water sports enthusiasts, fostering a safer and more enjoyable experience on the water.
Restraint:
Limited awareness
Despite advancements in technology, many individuals remain unaware of the existence and functionality of these innovative devices. This lack of awareness poses a challenge for manufacturers and marketers striving to promote these products effectively. Efforts to educate the public about the convenience and safety advantages of wireless remote control lifebuoys are essential to enhance market penetration and ensure widespread adoption in water safety practices. This lack of awareness hampers market growth and adoption rates.
Opportunity:
Increasing maritime trade
The maritime trade sector is witnessing a surge in demand driven by their enhanced safety features and operational efficiency. With maritime traffic intensifying globally, the need for reliable safety equipment like remote-controlled lifebuoys is escalating. These innovative devices offer swift deployment and precise navigation, ensuring rapid response in emergency situations. As shipping volumes rise, stakeholders prioritize investments in cutting-edge safety solutions, further propelling the growth of the market.
Threat:
Cost constraints
Manufacturers strive to balance cost-effectiveness with features such as range, durability, and reliability. Cost constraints drive innovation, prompting companies to optimize production processes, utilize cost-efficient materials, and explore economies of scale. Competitive pricing strategies and market demand influence product pricing, compelling companies to offer competitive prices while ensuring profitability. Hence, these are the factors hampering the growth of the market.
Covid-19 Impact:
The COVID-19 pandemic has significantly impacted the market. With heightened awareness of hygiene and safety protocols, there has been an increased demand for contactless solutions, driving the adoption of remote-controlled lifebuoys. These devices offer hands-free operation, reducing the risk of virus transmission. However, supply chain disruptions and economic uncertainties have hampered market growth. Despite challenges, the market has shown resilience, with innovation driving product advancements to meet evolving safety needs amid the pandemic.
The bluetooth segment is expected to be the largest during the forecast period
The bluetooth segment is expected to be the largest during the forecast period. Utilizing Bluetooth connectivity, these life-saving devices can be remotely controlled and monitored, enabling swift deployment in emergency situations. It facilitates seamless communication between the lifebuoy and external devices such as smartphones or monitoring systems, ensuring effective operation and timely response. This connectivity feature significantly improves the reliability and efficiency of life-saving operations, contributing to enhanced water safety standards.
The recreational boating segment is expected to have the highest CAGR during the forecast period
The recreational boating segment is expected to have the highest CAGR during the forecast period. Boaters prioritize safety, leading to increased adoption of advanced rescue equipment like remote-controlled lifebuoys. These devices offer quick response times and ease of operation, enhancing safety measures during emergencies. With the growing popularity of recreational boating activities worldwide, the demand for wireless remote control lifebuoys continues to rise, prompting manufacturers to innovate and improve product features to meet evolving consumer needs.
Region with largest share:
North America is projected to hold the largest market share during the forecast period fueled by increasing awareness of water safety and advancements in technology. These innovative life-saving devices offer enhanced rescue capabilities and ease of operation through wireless remote control functionalities. With a focus on safety in recreational water activities and maritime operations, demand for these lifebuoys continues to rise across the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period driven by factors such as increasing awareness about water safety, rising demand for recreational boating activities, and advancements in technology. Key players in the market would likely include manufacturers of marine safety equipment, technology companies specializing in wireless communication, and potentially startups focusing on innovative solutions for water safety.
Key players in the market
Some of the key players in Wireless Remote Control Lifebuoy market include OceanAlpha, JTT Technology, Hoverstar, Noras Performance, FITURN, Shenzhen Fuyuda Electronics CO., LTD., Oceanring, Weihai Skysailing Technology Co., Ltd. and Norsta Asia.
Key Developments:
In March 2023, OceanAlpha delivered Dolphin1 Lifebuoys to leighton Asia for its boardwalk underneath island eastern corridor project in Hong Kong. These lifebuoys are equipped with a remote control system that allows rescuers to deploy them quickly in case of emergencies.
In October 2020, OceanAlpha released two new multi-purpose marine unmanned surface vessels(USVs), breaking through the technical barriers faced by most current unmanned marine survey platforms, and bringing revolutionary solutions to the marine survey industry.
Types Covered:
• Standard
• Advanced
• Customized
• Inflatable
• Other Types
Sales Channels Covered:
• Direct Sales
• Online Retail
• Offline Retail
Technologies Covered:
• Radio Frequency Identification (RFID)
• Bluetooth
• Global Positioning System (GPS)
• Wi-Fi
• Radio Frequency (RF)
• Other Technologies
Applications Covered:
• Maritime Safety
• Swimming Pools
• Water Parks
• Beaches
• Other Applications
End Users Covered:
• Commercial Shipping
• Public Swimming Facilities
• Military and Defense
• Recreational Boating
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wireless Remote Control Lifebuoy Market, By Type
5.1 Introduction
5.2 Standard
5.3 Advanced
5.4 Customized
5.5 Inflatable
5.6 Other Types
6 Global Wireless Remote Control Lifebuoy Market, By Sales Channel
6.1 Introduction
6.2 Direct Sales
6.3 Online Retail
6.4 Offline Retail
7 Global Wireless Remote Control Lifebuoy Market, By Technology
7.1 Introduction
7.2 Radio Frequency Identification (RFID)
7.3 Bluetooth
7.4 Global Positioning System (GPS)
7.5 Wi-Fi
7.6 Radio Frequency (RF)
7.7 Other Technologies
8 Global Wireless Remote Control Lifebuoy Market, By Application
8.1 Introduction
8.2 Maritime Safety
8.3 Swimming Pools
8.4 Water Parks
8.5 Beaches
8.6 Other Applications
9 Global Wireless Remote Control Lifebuoy Market, By End User
9.1 Introduction
9.2 Commercial Shipping
9.3 Public Swimming Facilities
9.4 Military and Defense
9.5 Recreational Boating
9.6 Other End Users
10 Global Wireless Remote Control Lifebuoy Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 OceanAlpha
12.2 JTT Technology
12.3 Hoverstar
12.4 Noras Performance
12.5 FITURN
12.6 Shenzhen Fuyuda Electronics CO., LTD.
12.7 Oceanring
12.8 Weihai Skysailing Technology Co., Ltd.
12.9 Norsta Asia
List of Tables
1 Global Wireless Remote Control Lifebuoy Market Outlook, By Region (2021-2030) ($MN)
2 Global Wireless Remote Control Lifebuoy Market Outlook, By Type (2021-2030) ($MN)
3 Global Wireless Remote Control Lifebuoy Market Outlook, By Standard (2021-2030) ($MN)
4 Global Wireless Remote Control Lifebuoy Market Outlook, By Advanced (2021-2030) ($MN)
5 Global Wireless Remote Control Lifebuoy Market Outlook, By Customized (2021-2030) ($MN)
6 Global Wireless Remote Control Lifebuoy Market Outlook, By Inflatable (2021-2030) ($MN)
7 Global Wireless Remote Control Lifebuoy Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Wireless Remote Control Lifebuoy Market Outlook, By Sales Channel (2021-2030) ($MN)
9 Global Wireless Remote Control Lifebuoy Market Outlook, By Direct Sales (2021-2030) ($MN)
10 Global Wireless Remote Control Lifebuoy Market Outlook, By Online Retail (2021-2030) ($MN)
11 Global Wireless Remote Control Lifebuoy Market Outlook, By Offline Retail (2021-2030) ($MN)
12 Global Wireless Remote Control Lifebuoy Market Outlook, By Technology (2021-2030) ($MN)
13 Global Wireless Remote Control Lifebuoy Market Outlook, By Radio Frequency Identification (RFID) (2021-2030) ($MN)
14 Global Wireless Remote Control Lifebuoy Market Outlook, By Bluetooth (2021-2030) ($MN)
15 Global Wireless Remote Control Lifebuoy Market Outlook, By Global Positioning System (GPS) (2021-2030) ($MN)
16 Global Wireless Remote Control Lifebuoy Market Outlook, By Wi-Fi (2021-2030) ($MN)
17 Global Wireless Remote Control Lifebuoy Market Outlook, By Radio Frequency (RF) (2021-2030) ($MN)
18 Global Wireless Remote Control Lifebuoy Market Outlook, By Other Technologies (2021-2030) ($MN)
19 Global Wireless Remote Control Lifebuoy Market Outlook, By Application (2021-2030) ($MN)
20 Global Wireless Remote Control Lifebuoy Market Outlook, By Maritime Safety (2021-2030) ($MN)
21 Global Wireless Remote Control Lifebuoy Market Outlook, By Swimming Pools (2021-2030) ($MN)
22 Global Wireless Remote Control Lifebuoy Market Outlook, By Water Parks (2021-2030) ($MN)
23 Global Wireless Remote Control Lifebuoy Market Outlook, By Beaches (2021-2030) ($MN)
24 Global Wireless Remote Control Lifebuoy Market Outlook, By Other Applications (2021-2030) ($MN)
25 Global Wireless Remote Control Lifebuoy Market Outlook, By End User (2021-2030) ($MN)
26 Global Wireless Remote Control Lifebuoy Market Outlook, By Commercial Shipping (2021-2030) ($MN)
27 Global Wireless Remote Control Lifebuoy Market Outlook, By Public Swimming Facilities (2021-2030) ($MN)
28 Global Wireless Remote Control Lifebuoy Market Outlook, By Military and Defense (2021-2030) ($MN)
29 Global Wireless Remote Control Lifebuoy Market Outlook, By Recreational Boating (2021-2030) ($MN)
30 Global Wireless Remote Control Lifebuoy Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
