Underwater Light Market to Witness Increase in Revenues by 2027

Valley Cottage, NY -- (SBWIRE) -- 05/17/2019 -- Various underwater activities have witnessed high growth over the last couple of decades. The increase in underwater sports and amusement activities, dive search operations in defense programs and inside sunken vessels, and examining underwater structures, these are some key factors augmenting the demand growth of underwater lights. Also, in emergency situations, divers use light signals for locating their position at depth. The factors which play a key role in designing an effective underwater light include, the brightness of the light (expressed in Lumens) and the beam angle (expressed in degree). During underwater diving operations, the large area is required to be illuminated with wide beam angle. In order to provide superior products at competitive prices, market players are found to have been involved in developing products with improved functionality and durability of the underwater lights. Also, supplying specially developed and related products such as cameras, accessories developed for use in hazardous environmentsalong with the underwater light, etc. is among the key trends observed in the underwater lights market. Owing to the technological developments to meet the increasing demand for high-end products, the market for underwater lights is expected to increase at a significant CAGR over the forecast period of 2017–2027.