Outdoor Warning Sirens Market Forecast, Trend Analysis & Competition Tracking - Global Review 2020 to 2030

Outdoor Warning Sirens Market Overview

The outdoor warning sirens market created an absolute $ opportunity of US$ 51 Mn during the historical period. However, the COVID-19 outbreak has halted the outdoor warning sirens production with a drastic drop in sales.  Nuclear plants and hazardous chemical factories which alert people through outdoor warning siren sounds, have shut down during this pandemic, resulting in a decline in demand for outdoor warning sirens. Moreover, with the pandemic having spread its tentacles, the testing of outdoor sirens has been extended in prominent countries like the US and UK. As a result of this extension, new sales of outdoor warning sirens are expected to have little impact in the short-term forecast. As the market rebounds, the outdoor warning sirens market is poised to witness lethargic growth of 3% and is set to be valued at US$ 206 Mn by the end of the forecast period (2020 – 2030).

Outdoor Warning Sirens Market Coverage Pattern Insights

In the coverage pattern category, the Omni-directional segment dominated the global outdoor warning sirens market by contributing 60% of the revenue share in 2019. The Omni-directional segment will grow at a relatively significant pace with a value CAGR of 3.5% between 2020 and 2030 and is expected to reach a valuation of US$ ~142 million by the end of the forecast period. Omni directional siren is a preferred choice for various agencies as it offers multiple benefits such as 360 degree sound emission, making it very effective for evacuation. Moreover, most of the emerging and developed economies are taking initiatives to replace their old outdoor warning sirens with new ones.

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Outdoor Warning Sirens Market: Source Insights

Over the last few years, most of the outdoor warning siren agencies like Homeland Security and others have undergone a seismic shift from mechanical to electromechanical systems. In many countries, mechanical outdoor warning sirens were used during the Second World War. These sirens are being quickly replaced by electromechanical sources, offering relatively low cost and less maintenance. Outdoor warning sirens manufacturers are now adopting newer technologies, such as the integration of Common Alerting Protocol, in their models to meet the growing demand. Moreover, Fact.MR finds that the electromechanical outdoor warning sirens are gaining popularity in the market and expected to create an absolute dollar opportunity of US$ ~36 Mn by the end of 2030. 

Outdoor Warning Sirens Market: Regional Insights

Natural disasters have become more frequent and severe. Violent changes in the atmosphere associated with extreme weather phenomena have caused some of the deadliest disasters. Some of the deadliest meteorological disasters recorded in 2019 include storms, cyclones, and floods .In order to reduce human casualties in such natural calamities, various developing and developed economies are setting up outdoor warning sirens to protect their people from such disasters, which in turn fosters market growth. Also, a large chunk of federal outdoor warning sirens are being installed in Europe, which means that the replacement cycle is fast and sales of outdoor warning sirens are higher. According to the Fact. MR analysis, Europe led the outdoor warning sirens market by contributing ~32% of revenue shares in 2019, closely followed by the North American market.

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COVID-19 Impact Insights:

The COVID-19 pandemic continues to rage aggressively, causing the outdoor warning sirens market to witness a considerable downturn during the short term forecast i.e. 2020-2022. The outdoor warning sirens market is niche in nature. The impact of COVID-19 on market growth has been severe, as a result of which it is estimated that year-on-year growth will fall by two digits by the end of 2020. Europe & North America are leading the way in global outdoor warning sirens market and the impact of COVID-19 is higher in both regions, owing to which the sales of outdoor warning sirens estimated to witness a decline in the short-term forecast. However, a significant recovery of outdoor warning sirens market is expected in the mid-term and long-term forecast period.

Analyst’s Viewpoint:

“The outdoor warning sirens are being primarily used as a back-up warning method in many regions and not being relied upon as the main support point for early warning. The COVID-19 crises is further causing a significant downturn of outdoor warning sirens sales in the short-term forecast period.”

Global Outdoor Warning Sirens Market: Scope of the Report:

The recent global outdoor warning sirens market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global outdoor warning sirens market. A detailed segmental analysis, based on coverage pattern, source, range and regions, has been provided in the report.

Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global outdoor warning sirens market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the outdoor warning sirens market.