Marine Lighting - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Marine Lighting market accounted for $311.49 million in 2018 and is expected to reach $587.28 million by 2027 growing at a CAGR of 7.3 % during the forecast period. Increasing seaborne trade activities, growth of shipbuilding industry, and growing demand for cruise & commercial ships are the factors driving the market growth. However, price fluctuations of raw materials may hamper the market growth.
Marine Lighting is utilized to give the general position of the boats. The lights arrangement is ordered by common specialists or universal shows. These are utilized in constrained perceivability, for example, downpour, low light or mist and to advise the predefined position on vessels.
By Application, compartment and utility segment is constantly enhancing during forecast period due to its significance in commercial vessels applications. These lights are practical and ordered by guidelines to be made of blast confirmation materials. Commercial ships and container ships are the major users of compartment & utility lights. Based on geography, Asia Pacific is likely to have a huge demand due to factors such as rising global trade and high demand of for commercial ships.
Some of the key players profiled in the Marine Lighting market include Foresti & Saurdi, Hella, NJZ Lighting Technology, West Marine, Signify, Taco Marine, Osram GmbH, Lumitec, Britmar Marine, Ajmera Electrotech, Techno Marine Corporation, Savage Marine, Lumishore, Koito, and Ushio Lighting.
Ship Types Covered:
• Commercial Ship
• Passenger Ship
• Decorative Lights
• Functional Lights
• Other Technologies
• Navigation Lights
• Docking Lights
• Compartment and Utility Lights
• Reading Lights
• Dome Lights
• Safety Lights
• Inboard Lighting
End Users Covered:
• Civil Use
• Military Use
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Supply chain trends mapping the latest technological advancements
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