Global Marine Lighting Market Report and Forecast 2024-2032

Global Marine Lighting Market Outlook

The global marine lighting market size is projected to grow at a CAGR of 5% over the forecast period of 2024-2032. The global marine lighting market is being driven by the increase in the use of LEDs and the strict safety lighting regulations for the marine industry.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

In any marine vessel, including boats, cruise ships, merchant ships, and defence ships, marine LED lights play an important role. Marine LED lighting is water-resistant, rust-resistant, and durable, and hence, its demand among consumers is increasing.

Market Segmentation

Marine lighting provides lighting solutions for the interior and exterior of boats, yachts, cruise ships, merchant ships, and defence ships. The marine lighting market can be divided based on segments like type, ship type, technology, and application.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The marine lighting fixtures can be divided into functional lights and decorative light, according to types. The marine lighting market, on the basis of its ship type, is segmented into passenger ship, commercial ship, and yacht. The industry is broadly categorised on the basis of its application into:

• Navigation Lights
• Dome Lights
• Compartment and Utility Lights
• Reading Lights
• Docking Lights
• Safety Light
• Decorative Lights

The industry can be divided on the basis of its technology into LED, fluorescent, halogen, and xenon.

The EMR report looks into the regional marine lighting markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Market Analysis

The growing demand for marine lighting is being driven by the increase in the use of LEDs and the strict safety lighting regulations for the marine industry. By 2026, functional lighting is expected to be the largest segment in the marine lighting market globally. It is estimated that light-emitting diodes (LEDs) have an important share in this industry. As LED lights are small in size, high in brightness, and high in luminous efficiency, they are replacing traditional marine lamps. Marine LED lights are used in a ship for various applications. They are used, among others, in alarm systems, navigation systems, and for reasons of underwater lighting. Marine LED lights are also used for signalling and other significant applications in underwater, as well as surface water ships/boats. They also last longer as compared to other lighting techniques. The compartment and utility light segment are expected to lead the global marine lighting market over the forecast period and aid the industry growth. The growing marine light market in countries like the UK is expected to propel the growth of the market further.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

The report presents a detailed analysis of the following leading marine lighting companies, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Signify N.V.
• Hella KGaA Hueck & Co.
• Koito Manufacturing Co., Ltd.
• OSRAM GmbH
• West Marine, Inc.
• Lumishore
• Lumitec, LLC
• NJZ Lighting Technology Co., Ltd.

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report