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Report Overview

The global marine lighting market size reached around USD 390.00 Million in 2024. The market is projected to grow at a CAGR of 6.80% between 2025 and 2034 to reach nearly USD 752.97 Million by 2034. The market growth can be attributed to the robust growth of the rising demand for LED lighting solutions, technological advancements, increasing solar power generation, surging recreational boating and leisure activities, and growing emphasis on marine vessels.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • The increasing solar power generation is surging the demand for solar-powered marine lighting products, especially in remote maritime locations where traditional power sources are unavailable or unreliable. In 2023, power generation from solar PV increased by a record 320 TWh, up by 25% from 2022. As the cost of solar technology decreases, the cost of implementing solar-powered marine lighting solutions is expected to decline, boosting the appeal of solar-powered marine lighting systems.

  • Increasing investments by governments to enhance port safety, reliability, and resilience are shaping the marine lighting market dynamics. In November 2024, the US government announced its plans to invest USD 580 million to fund 31 port improvement projects in 15 states and one US territory to strengthen supply chain reliability, enhance freight efficiency, and improve the safety, reliability, and resilience of ports. With the increasing focus on improving port infrastructure resilience, the demand for marine lighting products designed for enhanced durability, security, and visibility is rising.

  • The diversification of the marine industry is surging the demand for customised marine lighting systems to meet specific operational needs like colour specifications, brightness, corrosion resistance, and energy efficiency for offshore platforms, vessels, and ports. In the forecast period, the expansion of offshore platforms, including offshore wind farms, maritime oil rigs, and post-modernisation projects, is anticipated to bolster the demand for customisable marine lighting.

Compound Annual Growth Rate

Value in USD Million

6.8%

2025-2034


Marine Lighting Market Outlook

*this image is indicative*

Global Marine Lighting Market Growth

One of the key marine lighting market trends is the surge in recreational boating and leisure activities. As per the Boating Industry Association (BIA) of Australia, nearly 1 in 5 Australians participated in recreational boating activity on an annual basis as of 2024. With increasing recreational boating activities, the demand for customisable lighting solutions such as accent lighting, LED strip lights, and colour-changing lights, among others, boosts the aesthetic appeal of vessels.

The growing adoption of smart vessels integrated with navigation systems, integrated sensors, and automation is boosting the demand for marine lighting systems that can adjust themselves based on factors such as weather conditions, vessel speed, and proximity to other ships. In the forecast period, the development of autonomous vessels is anticipated to surge the demand for lighting systems that can optimise navigation, visibility, and safety without human intervention.

Advancements in underwater lighting technology aimed at creating waterproof, durable, and energy-efficient systems that enhance the functioning of vessels are expected to aid the market. The integration of sensor technology in marine lighting systems to provide real-time data on their operational status, increase uptime, lower unexpected failures, and minimise maintenance costs is anticipated to aid the market in the coming years.

Marine Lighting Market

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Key Trends and Development

Global Marine Lighting Market Trends

The growing emphasis on safety in the marine industry is surging the demand for reliable lighting solutions for applications such as signalling and navigation, even in low visibility conditions such as rain, fog, and other extreme weather conditions. With the introduction of various regulations by governments and international organisations aimed at mandating the installation of lighting solutions for safety applications, the demand for marine lighting is increasing.

The development of smart lighting systems that can be integrated with radars and navigation systems to optimise visibility for marine vessels is creating lucrative marine lighting market opportunities. Smart lighting solutions also automatically activate pathway lights and emergency beacons during emergencies, which makes them crucial for emergency response and alerts.

Marine Lighting Market By Segments

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Global Marine Lighting Industry Segmentation

The EMR’s report titled “Global Marine Lighting Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Functional Light
  • Decorative Light

Market Breakup by Ship Type

  • Passenger Ship
  • Commercial Ship
  • Yacht

Market Breakup by Application

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

Market Breakup by Technology

  • LED
  • Fluorescent
  • Halogen
  • Xenon

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Marine Lighting Market Share

As per the marine lighting market analysis, the market is segmented into functional light and decorative light. Functional light accounts for a significant share of the market as it plays a crucial role in ensuring the safety, operational efficiency, and navigation of marine vessels. The increasing demand for commercial vessels in countries such as South Korea, China, Japan, and Indonesia, among others, is also boosting the demand for functional lighting solutions. Meanwhile, decorative light, encompassing accent lighting, ambient lighting, and feature lighting, are witnessing a strong growth as they enhance the aesthetics and ambience of marine vessels to ensure a comfortable passenger experience.

Competitive Landscape

Key marine lighting market players are actively investing in LED technology due to its durability, low maintenance requirements, and energy efficiency. They are also capitalising on growing concerns regarding light pollution and focusing on developing eco-friendly lighting systems that reduce environmental disruption.

Signify N.V.

Signify N.V., founded in 2016 and headquartered in Eindhoven, the Netherlands, is one of the largest lighting companies in the world. Boasting 32,000 employees and a presence in over 70 countries, the company achieved sales of EUR 6.7 billion in 2023. Its leading brands include Philips, interact, Cooper Lighting Solutions, and Telensa, among others.

Hella KGaA Hueck & Co.

Hella KGaA Hueck & Co., founded in 1899 and headquartered in Lippstadt, Germany, is a company that is engaged in the manufacturing and development of lighting technology and electronics components and systems for the automotive industry. Employing 150,000 people worldwide, the company achieved sales of EUR 8.1 billion in FY 2023.

OSRAM GmbH

OSRAM GmbH, headquartered in Premstaetten/Graz, is a global leader in innovative light and sensor solutions. Its product portfolio includes high-quality semiconductor-based light emitters, traditional lighting technologies, sensors, and CMOS ICs for automotive and special applications. Boasting 19,700 employees, the company’s revenues amounted to EUR 3.4 billion in 2024.

Lumishore

Lumishore, founded in 2008 and headquartered in Swansea, United Kingdom, is a company that is engaged in the development and supply of high-performance underwater and above water LED lighting solutions for boats of all sizes. It designs, develops, and manufactures its entire portfolio of LED lighting systems in-house, utilising premium marine-grade materials.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the marine lighting market are Koito Manufacturing Co., Ltd., West Marine, Inc., Lumitec, LLC, and NJZ Lighting Technology Co., Ltd.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 6.80% between 2025 and 2034.

The major drivers of the industry include the rising disposable incomes, increasing population, and the product’s rising applications in underwater and surface water ships/boats.

The rising use of LEDs and the strict safety lighting regulations for the marine industry are expected to be the key trends guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading types of marine lighting in the industry are functional lights and decorative light.

The significant ship types in the market are passenger ship, commercial ship, and yacht.

The major application segments in the industry are navigation lights, dome lights, compartment and utility lights, reading lights, docking lights, safety light, and decorative lights.

The leading technologies of marine lighting in the market are LED, fluorescent, halogen, and xenon.

The leading players in the market are Signify N.V., Hella KGaA Hueck & Co., Koito Manufacturing Co.,Ltd., OSRAM Licht AG, West Marine, Inc., Lumishore, Lumitec, LLC, NJZ Lighting Technology Co.,Ltd., Others.

In 2024, the marine lighting market reached an approximate value of USD 390.00 Million.

The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 752.97 Million by 2034.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Ship Type
  • Technology
  • Application
  • Region
Breakup by Type
  • Functional Light
  • Decorative Light
Breakup by Ship Type
  • Passenger Ship
  • Commercial Ship
  • Yacht
Breakup by Technology
  • LED
  • Fluorescent
  • Halogen
  • Xenon
Breakup by Application
  • Navigation Lights
  • Dome Lights
  • Compartment & Utility Lights
  • Reading Lights
  • Docking Lights
  • Safety Light
  • Decorative Lights
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Signify N.V.
  • HELLA GmbH & Co. KGaA
  • Koito Manufacturing Co.,Ltd.
  • OSRAM GmbH
  • West Marine, Inc.
  • Lumishore
  • Lumitec LLC
  • NJZ Lighting Technology Co., Ltd.
  • Others
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