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Global Marine Lighting Market: By Type: Functional Lights, Decorative Light; By Ship Type: Passenger Ship, Commercial Ship, Yacht; By Technology: LED, Fluorescent, Halogen, Xenon; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
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 2023-2028. 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.
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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.
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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.
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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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Lights, 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Marine Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Marine Lighting Historical Market (2018-2022)
8.3 Global Marine Lighting Market Forecast (2023-2028)
8.4 Global Marine Lighting Market by Type
8.4.1 Functional Light
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Decorative Light
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Marine Lighting Market by Ship Type
8.5.1 Passenger Ship
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial Ship
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Yacht
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Marine Lighting Market by Technology
8.6.1 LED
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Fluorescent
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Halogen
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Xenon
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.7 Global Marine Lighting Market by Application
8.7.1 Navigation Lights
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Dome Lights
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Compartment and Utility Lights
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Reading Lights
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Docking Lights
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Safety Light
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Decorative Lights
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
8.8 Global Marine Lighting Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Signify N.V.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 HELLA GmbH & Co. KGaA
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Koito Manufacturing Co.,Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 OSRAM GmbH
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 West Marine, Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Lumishore
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Lumitec LLC
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 NJZ Lighting Technology Co., Ltd.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Marine Lighting Market: Key Industry Highlights, 2018 and 2028
2. Global Marine Lighting Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Marine Lighting Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Marine Lighting Historical Market: Breakup by Ship Type (USD Million), 2018-2022
5. Global Marine Lighting Market Forecast: Breakup by Ship Type (USD Million), 2023-2028
6. Global Marine Lighting Historical Market: Breakup by Technology (USD Million), 2018-2022
7. Global Marine Lighting Market Forecast: Breakup by Technology (USD Million), 2023-2028
8. Global Marine Lighting Historical Market: Breakup by Application (USD Million), 2018-2022
9. Global Marine Lighting Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Global Marine Lighting Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Marine Lighting Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Marine Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Marine Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Marine Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Marine Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Marine Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Marine Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Marine Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Marine Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Marine Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Marine Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Marine Lighting Market Structure
Key Questions Answered in the Report
The global marine lighting market is projected to grow at a CAGR of nearly 5% in the forecast period of 2023-2028.
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.
Analyst Review
The global marine lighting market is primarily being driven by the rising applications of the product in underwater and surface water ships/boats. Aided by the rising use of LEDs and the strict safety lighting regulations for the marine industry, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into functional lights and decorative light. By ship type, the industry can be divided into passenger ship, commercial ship, and yacht. On the basis of application, the industry can be divided into navigation lights, dome lights, compartment and utility lights, reading lights, docking lights, safety light, and decorative lights. Based on technology, the market can be segmented into LED, fluorescent, halogen, and xenon. The major regional markets for marine lighting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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