Marine Lighting Market by Ship (Passenger, Commercial, Yachts), Technology (LED, Fluorescent, Halogen, Xenon), Application (Navigation, Dome, C&U, Reading, Docking, Safety, Decorative), Type (Functional, Decorative), and Region - Global Forecast to 2027

Increasing demand for Maritime transportation to drive the Marine lighting market
The marine lighting market is projected to grow to USD 495 million by 2027 from USD 328 million in 2019, at a CAGR of 5.3% during the forecast period. The increasing demand for lighting is driven mainly by the growing usage of LEDs, and the stringent regulations for the marine industry, increasing demand for luxury yachts, and increasing shipping activities across the globe.

Passenger ships are the fastest growing marine lighting market, by ship type

Passenger ships are projected to be the fastest-growing segment of the marine lighting market by 2027. The demand for passenger ships is increasing in Europe and Asia Pacific regions due to the increasing consumer preference for luxury cruises. This has led to an overall increase in the demand for decorative lighting in the shipping industry. Commercial ships are the second-fastest-growing marine lighting market owing to increasing trade worldwide.

LEDs are the largest technology segment of the marine lighting market

LEDs are estimated to hold the largest share of the marine lighting market, by technology. Light-emitting diode (LED) lamps have a lifespan and electrical efficiency superior to that of both, halogen and xenon lamps. Shipyards all over the world are switching to LED lights as not only are they energy efficient but also provide better luminosity. They are being used in passenger ships, commercial ships, and yachts. Hence, LEDs are projected to be the largest segment by technology.

North-America to be the fastest-growing market for marine lighting, whereas Asia Pacific is the largest

North America is the fastest-growing region in the marine lighting market owing to the increasing passenger ships and yachts registration. The demand for commercial ships has increased as the US is focusing on its domestic manufacturing industry.

Asia Pacific, on the other hand, is the largest manufacturing hub in the world. China, Japan, and Indonesia account for the largest demand for ships in the region. India is the fastest-growing country in terms of the usage of marine lighting in the Asia Pacific region. Factors such as low production cost, abundant availability of raw materials, and safety norms have made this the largest region in the marine lighting market.

The breakup of primary respondents

By Company Type: Tier I - 30%, Tier II - 40%, and OEMs -30%
By Designation: C level - 40%, D level - 30%, Others – 30%
By Region: Europe - 30%, North America - 20%, Asia Pacific - 40%, RoW – 10%

The marine lighting market is dominated by global players and comprises several regional players as well. The key players in the marine lighting market are, Signify (Netherlands), Hella(Germany), Koito (Japan), Osram (Germany), West Marine (US), Lumishore (UK), Foresti & Saurdi (Italy), Shadow Caster (US), Lumitec (US), NJZ Lighting (China), Shadow Caster (US), Lumitec (US), NJZ Lighting (China), Taco meta(US), ITC Marine(US), Britmar Marine(US), Myotek (US), Techno Marine (US), Ensto(Finland), LED Flex(UK), Savage Marine (UK), Palagi (Italy), Ushio Lighting(Japan), Deyuan Marine(China), Ajmera Electrotech (India). The study includes an in-depth competitive analysis of these key players in the marine lighting market with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

Research Coverage
The study segments the marine lighting market and forecasts the market size based on ship type (passenger ship, commercial ship, and yachts), technology (halogen, LED, xenon, and fluorescent), application (navigation lights, dome lights, reading lights, compartment lights, docking lights, safety lights, decorative lights), type (functional and decorative) and region (North America, Europe, Asia Pacific, and RoW).

Key Benefits of Buying the Report:
This report provides insights with reference to the following points:
Country-level marine lighting market by technology: The report offers in-depth market sizing and forecasts up to 2027, by technology (LED, Fluorescent, Halogen, and Xenon). The market sizing for marine lighting market is covered at the country and regional levels that are considered in this study.
Market coverage by application type into navigation lights, dome lights, reading lights, compartment lights, docking lights, safety lights, and decorative lights at the regional level.
The report provides “Market Share” of the leading players in the marine lighting market.
Market Development: The report provides comprehensive information about lucrative emerging markets for marine lighting across different regions.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the marine lighting market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the marine lighting market.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 17
1.3.1 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 18
1.5 PACKAGE SIZE 18
1.6 LIMITATIONS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.2 SECONDARY DATA 21
2.3 PRIMARY DATA 21
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 22
2.3.2 PRIMARY PARTICIPANTS 22
2.4 MARKET ESTIMATION 23
2.4.1 BOTTOM-UP APPROACH 23
2.5 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.6 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN MARINE LIGHTING MARKET 29
4.2 MARINE LIGHTING MARKET BY REGION AND SHIP TYPE 30
4.3 MARINE LIGHTING MARKET GROWTH, BY COUNTRY 30
4.4 MARINE LIGHTING MARKET, BY SHIP TYPE 31
4.5 MARINE LIGHTING MARKET, BY TECHNOLOGY 31
4.6 MARINE LIGHTING MARKET, BY APPLICATION 32
4.7 MARINE LIGHTING MARKET, BY TYPE 32
5 MARKET OVERVIEW 33
5.1 INTRODUCTION 33
5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Increased demand for luxury cruises and yachts 34
5.2.1.2 Lighting regulations providing an impetus for innovation 34
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5.2.2 RESTRAINTS 35
5.2.2.1 Heavy investments in R&D and complex lighting systems 35
5.2.2.2 Fluctuating prices of raw materials 35
5.2.3 OPPORTUNITIES 35
5.2.3.1 Organic light emitting diodes 35
5.2.3.2 Replacement of traditional lighting with LED 35
5.2.4 CHALLENGES 36
5.2.4.1 High initial costs associated with LEDs 36
6 MARINE LIGHTING MARKET, BY SHIP TYPE 37
Note: This chapter has been further segmented by region into Asia Oceania, Europe, North America and RoW
6.1 INTRODUCTION 38
6.1.1 RESEARCH METHODOLOGY 38
6.1.2 ASSUMPTIONS/LIMITATIONS 38
6.1.3 BY SHIP TYPE: INDUSTRY INSIGHTS 39
6.2 PASSENGER SHIP 40
6.2.1 NORTH AMERICA IS THE FASTEST GROWING MARKET FOR PASSENGER SHIP LIGHTING DUE TO INCREASING DEMAND FOR PASSENGER SHIPS 40
6.3 COMMERCIAL SHIP 41
6.3.1 EUROPE IS THE FASTEST GROWING MARKET FOR COMMERCIAL SHIP LIGHTING DUE TO INCREASING REGIONAL TRADE 41
6.4 YACHT 42
6.4.1 ASIA PACIFIC IS THE LARGEST MARKET FOR YACHT LIGHTING DUE TO INCREASING DEMAND FOR RECREATIONAL BOATS 42
7 MARINE LIGHTING MARKET, BY TECHNOLOGY 44
Note: This chapter has been further segmented by ship type into Passenger Ships, Commercial Ships and Yachts
7.1 INTRODUCTION 45
7.1.1 RESEARCH METHODOLOGY 45
7.1.2 ASSUMPTIONS/LIMITATIONS 45
7.1.3 BY TECHNOLOGY: INDUSTRY INSIGHTS 46
7.2 LED 47
7.2.1 COMMERCIAL SHIP IS THE LARGEST SEGMENT DUE TO LOWER ENERGY CONSUMPTION 47
7.3 FLUORESCENT 48
7.3.1 PASSENGER SHIP IS THE FASTEST GROWING MARKET FOR FLUORESCENT MARINE LIGHTS 48
7.4 HALOGEN 49
7.4.1 COMMERCIAL SHIP IS THE LARGEST MARKET FOR HALOGEN MARINE LIGHTS AS THEY ARE REQUIRED FOR SAFETY APPLICATIONS 49
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7.5 XENON 50
7.5.1 COMMERCIAL SHIP IS THE LARGEST MARKET FOR XENON MARINE LIGHTS 50
8 MARINE LIGHTING MARKET, BY APPLICATION 52
Note: This chapter has been further segmented by region into Asia Oceania, Europe, North America and RoW
8.1 INTRODUCTION 53
8.1.1 RESEARCH METHODOLOGY 53
8.1.2 ASSUMPTIONS/LIMITATIONS 53
8.1.3 BY APPLICATION: INDUSTRY INSIGHTS 53
8.2 NAVIGATION LIGHTS 55
8.2.1 EUROPE IS THE FASTEST GROWING MARKET FOR NAVIGATION LIGHTS DUE TO INCREASING DEMAND FOR PASSENGER SHIPS AND YACHTS 55
8.3 DOME LIGHTS 56
8.3.1 ASIA PACIFIC IS THE LARGEST MARKET FOR DOME LIGHTS DUE TO INCREASING REQUIREMENT OF PASSENGER SHIPS 56
8.4 COMPARTMENT AND UTILITY LIGHTS 57
8.4.1 NORTH AMERICA IS THE SECOND FASTEST GROWING MARKET FOR COMPARTMENT AND UTILITY LIGHTS DUE TO INCREASING DEMAND FOR LUXURY CRUISES 57
8.5 READING LIGHTS 58
8.5.1 ASIA PACIFIC IS THE LARGEST MARKET FOR READING LIGHTS DUE TO INCREASING DEMAND FOR PASSENGER SHIPS 58
8.6 DOCKING LIGHTS 59
8.6.1 EUROPE IS THE FASTEST GROWING MARKET FOR DOCKING LIGHTS DUE TO STRINGENT REGULATIONS FOR MARINE INDUSTRY 59
8.7 SAFETY LIGHTS 60
8.7.1 ASIA PACIFIC IS THE LARGEST MARKET FOR SAFETY LIGHTS DUE TO LARGE-SCALE REGISTRATION OF COMMERCIAL SHIPS 60
8.8 DECORATIVE LIGHTS 61
8.8.1 EUROPE IS THE FASTEST GROWING MARKET FOR DECORATIVE LIGHTS DUE TO INCREASING DEMAND FOR PASSENGER SHIPS AND YACHTS 61
9 MARINE LIGHTING MARKET, BY TYPE 63
Note: This chapter has been further segmented by region into Asia Oceania, Europe, North America and RoW
9.1 INTRODUCTION 64
9.1.1 RESEARCH METHODOLOGY 64
9.1.2 ASSUMPTIONS/LIMITATIONS 64
9.1.3 BY TYPE: INDUSTRY INSIGHTS 64
9.2 FUNCTIONAL LIGHTS 66
9.2.1 ASIA PACIFIC IS THE LARGEST MARKET FOR FUNCTIONAL LIGHTS DUE TO INCREASING COMMERCIAL SHIP REGISTRATION 66
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9.3 DECORATIVE LIGHTS 67
9.3.1 EUROPE IS THE FASTEST GROWING MARKET FOR DECORATIVE LIGHTS DUE TO INCREASING REGISTRATION OF PASSENGER SHIPS AND YACHTS 67
10 MARINE LIGHTING MARKET, BY REGION 68
Note: This chapter has been further segmented by material type (LED, Fluorescent, Halogen and Xenon)
10.1 INTRODUCTION 69
10.1.1 RESEARCH METHODOLOGY 69
10.1.2 ASSUMPTIONS/LIMITATIONS 70
10.1.3 BY TECHNOLOGY: INDUSTRY INSIGHTS 70
10.2 ASIA PACIFIC 72
10.2.1 CHINA 74
10.2.1.1 LED is the fastest growing technology in owing to increasing demand for commercial ships 74
10.2.2 INDIA 75
10.2.2.1 LED is the fastest growing technology due to increasing commercial ship requirement 75
10.2.3 JAPAN 76
10.2.3.1 LED is the fastest growing technology due to increasing requirement in passenger ships 76
10.2.4 SOUTH KOREA 77
10.2.4.1 Fluorescent light is the second largest technology segment due to its longevity 77
10.2.5 INDONESIA 78
10.2.5.1 LED is the fastest growing marine lighting technology due to increasing passenger and commercial ship requirements 78
10.2.6 REST OF ASIA PACIFIC 79
10.2.6.1 Halogen is the second fastest growing technology due to extensive usage in safety applications 79
10.3 EUROPE 80
10.3.1 FRANCE 82
10.3.1.1 LED is the fastest growing technology due to increasing commercial ship requirement 82
10.3.2 SPAIN 83
10.3.2.1 Halogen is the second fastest growing technology due to widespread use in safety applications 83
10.3.3 TURKEY 84
10.3.3.1 Fluorescent light is the second largest technology segment due to its longevity 84
10.3.4 NORWAY 85
10.3.4.1 LED is the largest technology segment due to increasing passenger and commercial ship requirements 85
10.3.5 GREECE 86
10.3.5.1 LED is the fastest growing technology due to increasing demand for passenger ships 86
10.3.6 RUSSIA 87
10.3.6.1 LED is the largest technology segment due to growing demand for commercial and passenger ships 87
10.3.7 REST OF EUROPE 88
10.3.7.1 Halogen is the second fastest growing technology due to extensive usage in safety applications 88
10.4 NORTH AMERICA 89
10.4.1 US 90
10.4.1.1 LED is the largest technology segment due to increasing demand for commercial ships 90
10.4.2 CANADA 91
10.4.2.1 LED is the largest technology segment due to increasing demand for commercial ships 91
10.4.3 MEXICO 92
10.4.3.1 LED is the fastest growing technology due to increasing commercial ship registrations 92
10.5 ROW 93
10.5.1 IRAN 94
10.5.1.1 LED is the largest technology segment due to large-scale commercial ship registrations 94
10.5.2 BRAZIL 95
10.5.2.1 Halogen is the second fastest growing technology due to widespread use in safety applications 95
10.5.3 REST OF ROW 96
10.5.3.1 LED is the fastest growing technology due to widespread use in commercial ships 96
11 COMPETITIVE LANDSCAPE 97
11.1 OVERVIEW 97
11.2 MARKET RANKING ANALYSIS 97
11.3 COMPETITIVE SCENARIO 99
11.3.1 PARTNERSHIPS/AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/
JOINT VENTURES 100
11.4 COMPETITIVE LEADERSHIP MAPPING 101
11.4.1 VISIONARY LEADERS 101
11.4.2 INNOVATORS 101
11.4.3 DYNAMIC DIFFERENTIATORS 101
11.4.4 EMERGING COMPANIES 101
11.5 STRENGTH OF PRODUCT PORTFOLIO 103
11.6 BUSINESS STRATEGY EXCELLENCE 104
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12 COMPANY PROFILES 105
(Business overview, Products offered, Recent developments & SWOT analysis)*
12.1 SIGNIFY 105
12.2 HELLA 107
12.3 KOITO 110
12.4 OSRAM GMBH 112
12.5 WEST MARINE 115
12.6 LUMISHORE 117
12.7 LUMITEC 120
12.8 FORESTI & SAURDI 121
12.9 NJZ LIGHTING TECHNOLOGY 122
12.10 TACO MARINE 124
12.11 ADDITIONAL COMPANIES 125
12.11.1 NORTH AMERICA 125
12.11.1.1 ITC Marine 125
12.11.1.2 Britmar Marine 125
12.11.1.3 Myotek 125
12.11.1.4 Techno Marine Corporation 125
12.11.2 EUROPE 125
12.11.2.1 Ensto 125
12.11.2.2 LED Flex 125
12.11.2.3 Savage Marine 125
12.11.2.4 Palagi 125
12.11.3 ASIA PACIFIC 126
12.11.3.1 Ushio Lighting 126
12.11.3.2 Deyuan Marine 126
12.11.3.3 Ajmera Electrotech 126
*Details on Business overview, Products offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
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13 APPENDIX 127
13.1 INSIGHTS OF INDUSTRY EXPERTS 127
13.2 DISCUSSION GUIDE 127
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 130
13.4 AVAILABLE CUSTOMIZATIONS 132
13.4.1 MARINE LIGHTING MARKET, BY PASSENGER SHIP, BY APPLICATION 132
13.4.1.1 Navigation lights 132
13.4.1.2 Dome lights 132
13.4.1.3 Compartment and utility lights 132
13.4.1.4 Reading lights 132
13.4.1.5 Docking lights 132
13.4.1.6 Safety lights 132
13.4.1.7 Decorative lights 132
13.4.2 MARINE LIGHTING MARKET, BY COMMERCIAL SHIP, BY APPLICATION 132
13.4.2.1 Navigation lights 132
13.4.2.2 Compartment and utility lights 132
13.4.2.3 Docking lights 132
13.4.2.4 Safety lights 132
13.4.2.5 Pickup Truck 132
13.5 RELATED REPORTS 132
13.6 AUTHOR DETAILS 133