Market Overview:
The global marine lighting 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 energy-efficient and low-maintenance lighting solutions in boats and ships. Additionally, the increasing popularity of LED lights is also contributing to the growth of this market. The marine LED lighting segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, owing to its energy efficiency and low maintenance requirements as compared with other types of marine lights such as fluorescent and halogen lights.
Product Definition:
Marine lighting is the use of artificial light to improve the visibility of a maritime environment, for navigational, security or aesthetic purposes. Marine lighting is often used in coastal areas and on boats.
LED:
The global LED lighting market is expected to witness significant growth over the forecast period. The growth of this industry can be attributed to several factors such as low power consumption, longer life span, and high efficiency among others. Moreover, increasing demand for energy-efficient lighting solutions in marine applications is also anticipated to drive the market during the forecast period.
Fluorescent:
Fluorescent lamps are one of the most commonly used lighting sources in marine applications. They produce a wide range of light with an extended spectrum that is suitable for deep-sea angling or fish farming. The high intensity discharge (HID) and incandescent lights use up to 80% less energy than fluorescent lights, however they do not offer any advantages over them regarding quality or reliability.
Application Insights:
The navigation application segment led the global marine lighting market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of LED lights for nautical purposes, such as bridge illumination, deckhouse lighting, and masthead lightings. Moreover, an increase in maritime trade across the globe has resulted in increased demand for vessels with advanced navigational capabilities that include GPS systems with enhanced accuracy and vessel-initiated waypoints that aid ships¢â‚¬â„¢ position fix during nighttime hours. This factor is anticipated to boost product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in total revenue owing to increasing demand from countries such as China, Japan, South Korea, and India. Increasing adoption of marine lighting for recreational activities such as fishing and white-water rafting has been driving regional growth. Moreover, growing awareness regarding maritime safety among boaters is anticipated to fuel product demand over the coming years.
Europe was estimated at USD X million in 2017 owing to high consumption levels from countries including Germany, Italy, France U K.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lights over traditional lighting sources
- Proliferation of smart marine lighting systems that can be controlled and monitored remotely
- Growing popularity of recreational boating and sailing activities
- Emerging applications such as underwater illumination, boat dock lighting, and marina lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Lighting Market Research Report
By Type
LED, Fluorescent, Halogen, Xenon
By Application
Interior Decoration, Navigation, Inboard Lighting
By Companies
Aqualuma, Signify, Koito, West Marine, Nemalux, Quick SpA, Hella marine, Lumitec, Marine Light Corp, DRSA, PTLX Global, ITC Marine, Ensto, E-LED Lighting, Lumishore, Attwood, BGB
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Marine Lighting Market Report Segments:
The global Marine Lighting market is segmented on the basis of:
Types
LED, Fluorescent, Halogen, Xenon
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
Interior Decoration, Navigation, Inboard Lighting
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:
- Aqualuma
- Signify
- Koito
- West Marine
- Nemalux
- Quick SpA
- Hella marine
- Lumitec
- Marine Light Corp
- DRSA
- PTLX Global
- ITC Marine
- Ensto
- E-LED Lighting
- Lumishore
- Attwood
- BGB
Highlights of The Marine Lighting 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:
- LED
- Fluorescent
- Halogen
- Xenon
- By Application:
- Interior Decoration
- Navigation
- Inboard Lighting
- 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 Marine Lighting 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Marine lighting is a type of lighting that is used on boats and ships. It includes both general illumination and navigation lights.
Some of the major companies in the marine lighting market are Aqualuma, Signify, Koito, West Marine, Nemalux, Quick SpA, Hella marine, Lumitec, Marine Light Corp, DRSA, PTLX Global, ITC Marine, Ensto, E-LED Lighting, Lumishore, Attwood, BGB.
The marine lighting market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Lighting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Lighting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Lighting Market - Supply Chain
4.5. Global Marine Lighting Market Forecast
4.5.1. Marine Lighting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Lighting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Lighting Market Absolute $ Opportunity
5. Global Marine Lighting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Lighting Market Size and Volume Forecast by Type
5.3.1. LED
5.3.2. Fluorescent
5.3.3. Halogen
5.3.4. Xenon
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Lighting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Lighting Market Size and Volume Forecast by Application
6.3.1. Interior Decoration
6.3.2. Navigation
6.3.3. Inboard Lighting
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Lighting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Lighting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Lighting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Lighting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Lighting Demand Share Forecast, 2019-2026
9. North America Marine Lighting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Lighting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Lighting Market Size and Volume Forecast by Application
9.4.1. Interior Decoration
9.4.2. Navigation
9.4.3. Inboard Lighting
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Lighting Market Size and Volume Forecast by Type
9.7.1. LED
9.7.2. Fluorescent
9.7.3. Halogen
9.7.4. Xenon
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Lighting Demand Share Forecast, 2019-2026
10. Latin America Marine Lighting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Lighting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Lighting Market Size and Volume Forecast by Application
10.4.1. Interior Decoration
10.4.2. Navigation
10.4.3. Inboard Lighting
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Lighting Market Size and Volume Forecast by Type
10.7.1. LED
10.7.2. Fluorescent
10.7.3. Halogen
10.7.4. Xenon
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Lighting Demand Share Forecast, 2019-2026
11. Europe Marine Lighting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Lighting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Lighting Market Size and Volume Forecast by Application
11.4.1. Interior Decoration
11.4.2. Navigation
11.4.3. Inboard Lighting
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Lighting Market Size and Volume Forecast by Type
11.7.1. LED
11.7.2. Fluorescent
11.7.3. Halogen
11.7.4. Xenon
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Lighting Demand Share, 2019-2026
12. Asia Pacific Marine Lighting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Lighting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Lighting Market Size and Volume Forecast by Application
12.4.1. Interior Decoration
12.4.2. Navigation
12.4.3. Inboard Lighting
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Lighting Market Size and Volume Forecast by Type
12.7.1. LED
12.7.2. Fluorescent
12.7.3. Halogen
12.7.4. Xenon
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Lighting Demand Share, 2019-2026
13. Middle East & Africa Marine Lighting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Lighting Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Lighting Market Size and Volume Forecast by Application
13.4.1. Interior Decoration
13.4.2. Navigation
13.4.3. Inboard Lighting
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Lighting Market Size and Volume Forecast by Type
13.7.1. LED
13.7.2. Fluorescent
13.7.3. Halogen
13.7.4. Xenon
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Lighting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Lighting Market: Market Share Analysis
14.2. Marine Lighting Distributors and Customers
14.3. Marine Lighting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aqualuma
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Signify
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Koito
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. West Marine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nemalux
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Quick SpA
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hella marine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lumitec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Marine Light Corp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DRSA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PTLX Global
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ITC Marine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ensto
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. E-LED Lighting
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lumishore
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Attwood
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. BGB
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
