Marine Lighting Market

Marine Lighting Market

Marine Lighting Market Forecasts to 2030 - Global Analysis By Type (Decorative Lights and Functional Lights), Ship Type (Yachts, Passenger Ships and Commercial Ships), Installation, Technology, Application, End User and By Geography

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Published: 2023 ID: SMRC23479

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Marine Lighting Market is accounted for $2.55 billion in 2023 and is expected to reach $4.89 billion by 2030 growing at a CAGR of 9.7% during the forecast period. Marine lighting is an essential part of the marine sector since the maritime industry depends so heavily on lighting for both efficient operation and the attractive appearance of ships. Due to the increased usage of LEDs and the stringent regulations for the maritime industry regarding safety lights, there is now a significant awareness of and demand for marine lighting all over the world. On a ship, marine LED lights are used for a number of purposes, such as underwater illumination, alarm systems, and navigational systems. These small lights ultimately replace conventional maritime lights because of their excellent brightness and luminous efficiency.

According to the 2018 Cruise Industry Overview Report released by the Florida Caribbean Cruise Association, the Cruise industry is the fastest-growing category in the leisure travel market with a CAGR of 20.5% in the past five years.

Market Dynamics:


Economical nature of water transportation

Many rich and developing countries are refocusing their efforts to expand their international trade through sea transportation since it is the most cost-effective method of transportation. Navy, maritime security, and patrol's increased reliance on water has greatly increased manufacturers' desire to ship their goods via sea. Over the course of the forecast period, an increase in demand for maritime transportation is anticipated to drive the marine lighting market.


Regular replacements

When converting LED lights, the headliner in a cabin might be the largest obstacle. In certain cases, the headlining might even need to be changed. Some older boats still have lights that are wired to run on AC electricity. The majority of contemporary LED lights made for boats run on low-voltage DC electricity. Switches and dimmers can also be problematic. Since LEDs are dimmed differently from halogen and incandescent lights, the dimming switches for the older types of lights are virtually always incompatible with LED lights.


Lowers operating costs and high security by LED lights

The marine lighting may stop serious mishaps on all vessels, regardless of size. The energy needed to light your sailboat is reduced by 50% with marine LED lights. Marine LED lights can resist collisions that traditional lights can't, like stray gulls, because they are shatterproof. Their endurance to extremes of scorching sun and cold water is advantageous. Additionally, there is no noise or radiation produced while the boat LED light is in operation, and it has no negative effects on health. This aspect fuels the market demand.


High initial investments

Marine lighting is used in the maritime industry for several purposes, including navigation, communication, safety, and aesthetics. The lighting equipment is made to withstand the extreme maritime environment, which includes exposure to moisture, salt, humidity, vibrations, and other difficult circumstances. Marine lights are extremely stable, able to withstand conditions of high temperature, high salt content, and high-frequency vibration, and can have a long service life. It is required to adhere to the fundamental criteria of the ship standards and international treaties. At first, all these necessities will cost a lot of finances. Specialized knowledge and experience are needed to maintain a high degree of safety and decrease technological complexity. The market growth is hampered by this problem.

Covid-19 Impact

The marine sector has been negatively impacted by COVID-19. Due to the stranding of ships and the ports' prohibition on ship entry, demand and income have severely decreased. The epidemic has slowed down freight flow and caused anxiety over stockpiling in ports and warehouses. Currently, COVID-19 is only causing a tiny amount of attritional claims in terms of activity loss, but if things stay the same, that number might rise. Large losses over long periods of time and greater values might result in disproportionate losses, which would lower the premium base.

The functional lights segment is expected to be the largest during the forecast period

The functional lights segment is estimated to have a lucrative growth. Functional lights include docking lights, safety lights, compartment & utility lights, and navigation lights. The outside functioning lights are built to withstand severe weather. They create relatively little heat, are strong, and use minimal energy. The rising need for effective illumination is significantly influenced by the rising demand for commercial ships in nations like China, Indonesia, Japan, South Korea, Russia, and Greece.

The light-emitting diode (LED) segment is expected to have the highest CAGR during the forecast period

The light-emitting diode (LED) segment is anticipated to witness the fastest CAGR growth during the forecast period. Compared to other forms of lighting technology, LEDs have a longer lifespan. A typical lifespan for them is 50,000 operational hours. Not only do they take up less room, but they also come in a variety of hues. Additionally, LEDs are safer for maritime applications since they don't generate heat radiation. Due to the numerous advantages LEDs provide, shipyards in major ports are replacing conventional lighting technologies with them. Consequently, technology predicts that the fastest-growing market will be LEDs.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. The desire for commercial ships has been sparked by factors including expanding international trade and maritime legislation, which in turn has increased demand for marine lighting in the area. Over 85% of the world's maritime output, according to the OECD, is produced in China, Korea, and Japan. A substantial portion of this market is anticipated to be accounted for by China due to the country's increasing demand for commercial ships, particularly tankers and bulk cargo ships. It is anticipated that it would continue to be the biggest market in Asia Pacific due to rising demand.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to its dynamic, as well as competitive growth. It has the presence of many major key players. Nearly a third of the world's commercial fleet is located in the Europe area, which has 329 major seaports along its coastline. Additionally, it serves as a centre for the booming maritime services and marine equipment industries. The presence of sizable ship fleets in nations like Greece, Germany, and the United Kingdom is largely to blame for the increasing rate. Therefore, throughout the projection period, it is anticipated that the growing maritime transportation operations along with the existence of a sizable fleet in the European area would provide significant possibilities for the marine lighting producers.

Key players in the market

Some of the key players profiled in the Marine Lighting Market include Hella GmbH, Signify, Attwood Corporation, Koito Manufacturing Co Ltd., Osram GmbH, West Marine, Lumishore, Lumitec LLC, Foresti & Saurdi, R.STAHL TRANBERG, Taco Marine, Aqualuma LED Lighting, E-Led Lighting Inc., PTLX GLOBAL, LLC, Ajmera Electrotech, Britmar Marine, NJZ Lighting Technology, Savage Marine, Techno Marine Corporation and Ushio Lighting.

Key Developments:

In September 2019, Hella launched Sea Hawk 470 LED lamps, which are ideal for lighting up decks and walkways beside boats or any other close-range applications.

In June 2019, R.STAHL TRANBERG launched the TRANBERG BlueLine Lighting Series. It is a completely high-quality, cost-effective next-generation lighting for the maritime sector.

In February 2019, Hella Marine Lighting secured a contract to fit Haines Hunter SP725 with Navi LED Compact port/starboard navigation lamps, Navi LED Compact 20” fold-down anchor pole light, Sea Hawk-470 LED Floodlight, Euro LED Touch 130 interior lights, and the Red LED Round Courtesy Lamps.

Types Covered:
• Decorative Lights
• Functional Lights

Ship Types Covered:
• Yachts
• Passenger Ships
• Commercial Ships

Installations Covered:
• Interior
• Exterior

Technologies Covered:
• Halogen
• Light-emitting Diode (LED)
• Fluorescent
• Xenon

Applications Covered:
• Docking lights
• Navigation lights
• Decorative lights
• Reading lights
• Dome lights
• Safety lights
• Compartment & Utility lights
• Other Applications

End Users Covered:
• Military Use
• Civil Use
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Marine Lighting Market, By Type
5.1 Introduction
5.2 Decorative Lights
5.3 Functional Lights

6 Global Marine Lighting Market, By Ship Type
6.1 Introduction
6.2 Yachts
6.3 Passenger Ships
6.4 Commercial Ships
6.4.1 Oil Tankers
6.4.2 Bulk Cargos
6.4.3 General Cargos
6.4.4 Other Commercial Ships

7 Global Marine Lighting Market, By Installation
7.1 Introduction
7.2 Interior
7.3 Exterior

8 Global Marine Lighting Market, By Technology
8.1 Introduction
8.2 Halogen
8.3 Light-emitting Diode (LED)
8.4 Fluorescent
8.5 Xenon

9 Global Marine Lighting Market, By Application
9.1 Introduction
9.2 Docking lights
9.3 Navigation lights
9.4 Decorative lights
9.5 Reading lights
9.6 Dome lights
9.7 Safety lights
9.8 Compartment & Utility lights
9.9 Other Applications

10 Global Marine Lighting Market, By End User
10.1 Introduction
10.2 Military Use
10.3 Civil Use
10.4 Other End Users

11 Global Marine Lighting Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Hella GmbH
13.2 Signify
13.3 Attwood Corporation
13.4 Koito Manufacturing Co Ltd.
13.5 Osram GmbH
13.6 West Marine
13.7 Lumishore
13.8 Lumitec LLC
13.9 Foresti & Saurdi
13.11 Taco Marine
13.12 Aqualuma LED Lighting
13.13 E-Led Lighting Inc.
13.15 Ajmera Electrotech
13.16 Britmar Marine
13.17 NJZ Lighting Technology
13.18 Savage Marine
13.19 Techno Marine Corporation
13.20 Ushio Lighting

List of Tables
1 Global Marine Lighting Market Outlook, By Region (2021-2030) ($MN)
2 Global Marine Lighting Market Outlook, By Type (2021-2030) ($MN)
3 Global Marine Lighting Market Outlook, By Decorative Lights (2021-2030) ($MN)
4 Global Marine Lighting Market Outlook, By Functional Lights (2021-2030) ($MN)
5 Global Marine Lighting Market Outlook, By Ship Type (2021-2030) ($MN)
6 Global Marine Lighting Market Outlook, By Yachts (2021-2030) ($MN)
7 Global Marine Lighting Market Outlook, By Passenger Ships (2021-2030) ($MN)
8 Global Marine Lighting Market Outlook, By Commercial Ships (2021-2030) ($MN)
9 Global Marine Lighting Market Outlook, By Oil Tankers (2021-2030) ($MN)
10 Global Marine Lighting Market Outlook, By Bulk Cargos (2021-2030) ($MN)
11 Global Marine Lighting Market Outlook, By General Cargos (2021-2030) ($MN)
12 Global Marine Lighting Market Outlook, By Other Commercial Ships (2021-2030) ($MN)
13 Global Marine Lighting Market Outlook, By Installation (2021-2030) ($MN)
14 Global Marine Lighting Market Outlook, By Interior (2021-2030) ($MN)
15 Global Marine Lighting Market Outlook, By Exterior (2021-2030) ($MN)
16 Global Marine Lighting Market Outlook, By Technology (2021-2030) ($MN)
17 Global Marine Lighting Market Outlook, By Halogen (2021-2030) ($MN)
18 Global Marine Lighting Market Outlook, By Light-emitting Diode (LED) (2021-2030) ($MN)
19 Global Marine Lighting Market Outlook, By Fluorescent (2021-2030) ($MN)
20 Global Marine Lighting Market Outlook, By Xenon (2021-2030) ($MN)
21 Global Marine Lighting Market Outlook, By Application (2021-2030) ($MN)
22 Global Marine Lighting Market Outlook, By Docking lights (2021-2030) ($MN)
23 Global Marine Lighting Market Outlook, By Navigation lights (2021-2030) ($MN)
24 Global Marine Lighting Market Outlook, By Decorative lights (2021-2030) ($MN)
25 Global Marine Lighting Market Outlook, By Reading lights (2021-2030) ($MN)
26 Global Marine Lighting Market Outlook, By Dome lights (2021-2030) ($MN)
27 Global Marine Lighting Market Outlook, By Safety lights (2021-2030) ($MN)
28 Global Marine Lighting Market Outlook, By Compartment & Utility lights (2021-2030) ($MN)
29 Global Marine Lighting Market Outlook, By Other Applications (2021-2030) ($MN)
30 Global Marine Lighting Market Outlook, By End User (2021-2030) ($MN)
31 Global Marine Lighting Market Outlook, By Military Use (2021-2030) ($MN)
32 Global Marine Lighting Market Outlook, By Civil Use (2021-2030) ($MN)
33 Global Marine Lighting Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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