Market Overview:
The global ship navigation lights market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LED lamps and the growing maritime trade. Based on type, the market is segmented into incandescent lamp and LED lamp. The LED lamp segment is expected to grow at a higher CAGR than the incandescent lamp segment during the forecast period. This can be attributed to factors such as low power consumption, longer life span, and low heat generation of LEDs as compared with incandescent lamps. Based on application, cargo ships are expected to hold a major share of the global ship navigation lights market during the forecast period owing to their high usage in maritime trade activities across different regions worldwide.
Product Definition:
Ship Navigation Lights are a set of lights that are used on a ship to indicate the direction in which the ship is travelling. Ship Navigation Lights are also used to indicate when a vessel is restricted in its ability to manoeuvre.
Incandescent Lamp:
An incandescent lamp is a small, compact, and lightweight source of electric energy. It consists of an filament wire that is heated to a temperature much higher than that of the gas phase and therefore produces light when it is connected in an electrical circuit. Incandescent lamps are used as navigation lights on ships or boats because they produce less light (lumens) but with high intensity (Watts).
LED Lamp:
LED lamps are used in ship navigation lights to provide a steady and clear image of the desired destination. The light from these lamps is projected onto the water surface, which helps in providing directions to reach the destination safely. These LED lights have several advantages over conventional incandescent and halogen lamp counterparts; they consume less power, offer better illumination with enhanced quality, last longer and are more reliable.
Application Insights:
The cargo ship application segment led the global ship navigation lights market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to the growing demand for efficient lighting systems that help in avoiding collision while loading and unloading at night time. Moreover, these lights also serve as an important safety mechanism, which helps other ships identify your position during foggy weather conditions.
The yacht application segment is expected to witness significant growth over the forecast period owing to rising disposable income among certain groups of people, especially in countries such as U.S., China and India. Increasing leisure activities have resulted in an increase in demand for yachts across various regions including Europe, North America and Asia Pacific thus fueling product demand globally over the coming years.
Regional Analysis:
Europe dominated the global ship navigation lights market in 2017 owing to the presence of major shipping companies such as A.P. Moller-Maersk Group, DFDS Seaways, and Hapag-Lloyd Express Services Ltd., among others. Europe is also one of the most popular tourist destinations across the globe and hence has a large number of recreational vessels plying across various parts of this region. The region is expected to maintain its dominance over the forecast period as well owing to increasing investments in marine lighting infrastructure by countries such as Norway and U.K.
Asia Pacific is anticipated to be one of fastest growing regions due to rising disposable income especially in developing economies including China, India, Indonesia among others have huge potential for growth on account with increasing maritime trade activities between these nations along with other leisure activities associated with it like fishing & hunting expeditions undertaken by individuals along coastal areas etc.).
Growth Factors:
- Increasing demand for maritime transport: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by factors such as globalization, rise in disposable income, and growth of e-commerce. This is expected to result in an increase in demand for ship navigation lights.
- Stringent safety regulations: Governments across the world are implementing stringent safety regulations for maritime vessels, which is resulting in an increase in demand for ship navigation lights.
- Technological advancements: Ship navigation light manufacturers are constantly innovating and introducing new technologies that improve the efficiency and performance of their products. This is resulting in increased adoption of ship navigation lights by vessel operators worldwide.
- Growing awareness about safety at sea: There has been a growing awareness among seafarers about the importance of using ship navigation lights during night sailing operations, which is driving demand for these products globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Navigation Lights Market Research Report
By Type
Incandescent Lamp, LED Lamp
By Application
Cargo Ship, Yacht, Other
By Companies
Canepa & Campi, Den Haan Rotterdam, Famor, Lopolight, Perko, TRANBERG, WISKA Hoppmann & Mulsow, Canepa & Campi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Ship Navigation Lights Market Report Segments:
The global Ship Navigation Lights market is segmented on the basis of:
Types
Incandescent Lamp, LED Lamp
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cargo Ship, Yacht, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Canepa & Campi
- Den Haan Rotterdam
- Famor
- Lopolight
- Perko
- TRANBERG
- WISKA Hoppmann & Mulsow
- Canepa & Campi
Highlights of The Ship Navigation Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Incandescent Lamp
- LED Lamp
- By Application:
- Cargo Ship
- Yacht
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ship Navigation Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ship navigation lights are a type of lighting used on ships to help guide them in the night or in fog.
Some of the major companies in the ship navigation lights market are Canepa & Campi, Den Haan Rotterdam, Famor, Lopolight, Perko, TRANBERG, WISKA Hoppmann & Mulsow, Canepa & Campi.
The ship navigation lights market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ship Navigation Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ship Navigation Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ship Navigation Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ship Navigation Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ship Navigation Lights Market Size & Forecast, 2020-2028
4.5.1 Ship Navigation Lights Market Size and Y-o-Y Growth
4.5.2 Ship Navigation Lights Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Incandescent Lamp
5.2.2 LED Lamp
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cargo Ship
6.2.2 Yacht
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship Navigation Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ship Navigation Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Incandescent Lamp
9.6.2 LED Lamp
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cargo Ship
9.10.2 Yacht
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Incandescent Lamp
10.6.2 LED Lamp
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cargo Ship
10.10.2 Yacht
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Incandescent Lamp
11.6.2 LED Lamp
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cargo Ship
11.10.2 Yacht
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Incandescent Lamp
12.6.2 LED Lamp
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cargo Ship
12.10.2 Yacht
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Incandescent Lamp
13.6.2 LED Lamp
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cargo Ship
13.10.2 Yacht
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ship Navigation Lights Market: Competitive Dashboard
14.2 Global Ship Navigation Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Canepa & Campi
14.3.2 Den Haan Rotterdam
14.3.3 Famor
14.3.4 Lopolight
14.3.5 Perko
14.3.6 TRANBERG
14.3.7 WISKA Hoppmann & Mulsow
14.3.8 Canepa & Campi
