Tritium Light Source Market By Visible Color (Green, Yellow, Red, Orange, Blue, White, Purple), Application (Directional Markers and Navigation Aids, Aviation Markers, Warning Lights / Markers, Firearm Accessories, Glow Pads), End-Use (Civil and Commercial, Industrial Infrastructure, Defense and Aerospace) & Region - Forecast 2021–2031

About the Report

The tritium light source market has been witnessing moderate growth in the last few years. This growth is projected to remain constant or decrease due to the lower amounts of tritium available each year. Gaseous tritium when decays reacts with zinc sulphide or phosphor amongst other compounds to produce light which is used as a light source. Tritium light sources are used across diverse applications including civil and commercial, industrial infrastructure and defense and aerospace. Tritium light sources are commonly found in directional markers, exit signs, firearm accessories, warning lights as well as in aviation markers.

In its new study, ESOMAR-certified market research and consulting firm, FMI (FMI), offers insights about key factors fueling the demand for Tritium Light Source. The report tracks the global sales of Tritium Light Source in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the building and construction industry in general, and Tritium Light Source in particular.

What is the Future Outlook on Tritium Light Source Market in Comparison to Historic Sales?

Manufacturers are focusing on the development of products in effective ways to prevent any form of leakage or discharge. Manufacturers are also providing value added services to their end – use customers regarding regulatory concerns and installation of the tritium light sources.

Due to the low availability and the decay life of tritium 12.3 years, which deems to be obsolete after approximately 25 years, manufacturers are in the process of replacing tritium with other alternatives such as photo luminescent emission in the light sources. Other manufacturers in the market are likely to follow this suit to keep pace with the dynamic market environment.

According to FMI’s analysis, tritium light source sales have grown at 2.3% CAGR between 2016 and 2021. These sources have been employed for their high luminescence and low maintenance cost. Owing to the ongoing crisis caused by the COVID-19 pandemic, there has been no major impact on the production of tritium or tritium light sources, however supply chain activities have seen a minor slump yet the consumption will improve with economic recovery post the containment period following the pandemic.

The COVID-19 pandemic has caused severe impact on the global economy at various levels and the impact is seen on electronic industry as well. The Tritium Light Source market growth is also projected to be affected by the COVID-19 pandemic crisis and is expected to witness a significant plunge in demand in 2020. With a number of end users affected in regions like East Asia and South Asia Pacific, the supply and shortage in demand are expected to result in a significant drop in Y-O-Y growth yet FMI expects global tritium light source market to grow at 2.3% CAGR through 2031.

What is the Commercial Potential of Tritium Light Sources?

Tritium light sources are mostly used in the defense and aerospace sector. They are used in applications such as directional markers, navigation aids, compasses, aviation markers, firearm accessories such as riflescopes and others.

Competitive price offering, increase in end user satisfaction, use of advanced materials for the containment of the tritium light source are the end results of the R&D activities. Manufacturers are increasing research and development along with improving facilities to avoid leakage and damage of the surrounding environment.

Moreover, establishing sales and service facilities in emerging countries coupled with establishing contracts with online sales channel paves the way for the expansion of channel reach.

Are Regulatory Hurdles Really A Challenge For Tritium Light Source Market?

Manufacturers and distributors of Tritium Light Sources must possess a distribution license issued by the Nuclear Regulatory Commission (NRC). They are also supposed to a license to use the material. In the US, 37 states have agreements with the NRC, which are also known as agreement states. Other countries all over the world, have similar regulations which prohibit risk of radiation exposures to the public from normal usage of the same, which is why some tritium products are not sold in the respective countries although available for sale internationally.

Country-wise Insights

Is Switzerland Carving Its Own Niche For Tritium Light Source Demand?

Approximately 95% of all watches above US$ 10,500 are produced in Switzerland. Swiss watches account for an estimated share of 53% by value, due to the average higher value of a Swiss watch, than other locations of the world. This can be attributed to the high cost of raw materials used in the watches such as tritium amongst others. Top end premium segment watches such as Traser, Luminox, Nite amongst others which incorporate the usage of tritium coupled with the country’s capacity for innovation and brand recognition is expected to drive the demand for tritium light source in the watches and dials application.

How Magnitude Of Industrial Production Driving Demand In China?

China is well known for the development of industrial methods and production planning across the globe. The tritium light source which is a self-illuminating device used in many end-use sectors. China is looking a way to get into the market of tritium light source due to the high growth of industrial infrastructure. China is also a huge production as well as importer market for all the global needs.

Does Geographical Location Make Canada Unique In Terms Of Demand Demographics?

As Canada has a manufacturing hub for tritium light source, the civil and commercial application accounts for 24.8% of the total sales in all over the Canada. Defence and aerospace hold the highest market share in Canada as well that of U.S.A., the directional marker is the necessity in the Canadian market due to the heavy snowfall if there is a breakdown of electricity the tritium will never lose its power.

How is Raw Material Supply Scenario Changing the Outlook for South Korea?

Commercial aviation sector witnessed a promising growth in the country prior to pandemic and the industry did observe entry of new players in the same period. Post pandemic the sector is set for recovery and new investments are likely to boost growth in near term. Adjacently, investments in military and defense has seen upgradation in infrastructure and facilities in the country. The unique characteristics and acceptance of tritium light sources in this regard and the country being self-sufficient in supply of its raw material is set to witness firm growth in this market.

ITTSAN GTLS a South Korean company is supplying tritium light source in the form of GTLS which is used in the exit marker and in the defence sector.

Which Applications In Civil And Commercial Aviation Are Set To Enable Growth in U.S.?

The U.S. has a long history of being amongst top countries in terms of tourism and foreign tourist arrivals. Aviation industry is quite mature in the region and is currently witnessing up-gradation and renovation activities in its aviation infrastructure. In terms of end-use, civil and commercial aviation is anticipated to be the back-bone for growth of the market.

A key application of tritium light source utilization stands to be its usage in aviation markers as these aviation markers are used as obstruction markers, aircraft landing aids, airport signs, markers and on airfield edges. With nearly over one-third share by value, it is expected to command leading share throughout the forecast period. Typically, lights containing 4 to 30 curies of tritium are used on commercial aircrafts as well as in public buildings and with substantial fleet size the market potential to remain attractive for tritium light source manufacturers.

Category-wise Insights

Which is the top End Use of Tritium Light Source?

Aviation industry is one amongst the forerunners in adoption of tritium light sources technology owing to its superior product performance and durability. Tritium light source also does not require any additional power source for its operation, which has been aiding its application in the sector. The defense and aerospace sector accounts for between 35% and 38% of the overall market followed by the civil and commercial end use sector; this trend is likely to continue over the forecast period.

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Which is the Preferred Tritium Light Source Visible Color?

Green color within the visible colors within tritium light source is expected to hold a higher market share due to uses in all applications mentioned in the scope of the report. Green usually appears as the brightest color, whereas red the least. Red which holds the second highest market share finds high number of applications in firearm accessories.

Why is Tritium Used as a Light Source in Firearm Accessories?

Firearm Accessories account for approximately 31% of the tritium light source market globally. Not only does tritium require no external electric energy but also is reliable considering its low intensity light. Tritium gun sights have a superior performance than that of battery powered lights and do not degrade the human night vision. GTLS sights also are not that bright enough to easily give away one’s location, therefore finding immense applications in tactical sights on handguns and rifles used for self-defense, military or police use.

Competitive Landscape

The tritium light source market is significantly competitive, with presence of large number of players. Some of the players are focusing to carve a niche for specific demography. The market has robust partnerships throughout the value chain, with high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing makes it challenging for new entrants in this market. Through these developments, companies are aiming at competitive advantage.

Some of the leading companies operating in the market are:

• Evenlite Inc
• Betalight b.v.
• Cammenga
• ITTSAN GTLS
• MB Microtec AG
• SRB Technologies
• Trigalight
• Trijicon

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report

Enquiry before Buying

Is this research conducted by FMI?

Yes, the research has been conducted by expert analysts of FMI through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst

What research methodology is followed by FMI?

FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology

Who are the respondents for primary research?

FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

What are the sources of secondary research?

FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

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Tritium Light Source Market

By Visible Color

• Green
• Yellow
• Red
• Orange
• Blue
• White
• Purple

By Application

• Directional Markers and Navigation Aids
• Aviation Markers
• Warning Lights / Markers
• Firearm Accessories
• Glow Pads

By End-Use Sector

• Civil and Commercial
• Industrial Infrastructure
• Defense and Aerospace

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa