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Pulished Date April, 2021
ID: 9819
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Marine Lighting Market segmentation By Ship Types (Commercial Ship, Passenger Ships, Yacht), By Type (Decorative Lights, Functional Lights), By Technology (Fluorescent, LED, Xenon, Halogen, Others), By Applications (Navigation Lights, Docking Lights, Compartment And Utility Lights, Reading Lights, Dome Lights, Safety Lights, Inboard Lighting), By End-Users (Civil Use, Military Use, Others) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9819
Pages: 175

Market Overview:

The global Marine Lighting market represented $311.49 million in 2021 and is foreseen to reach $587.28 million by 2027, developing at a CAGR of 7.3 % during the estimated time frame.

Marine lighting is used to give the general position of the vessels. Regular experts or popular shows request the arrangement of the light. These are used in compelled detectable quality, for instance, downpour, low light or fog and to advise the predefined position on ships. Lighting is a fundamental piece of the marine industry. The marine industry is profoundly subject to the illuminations for its legitimate working and for giving an aesthetic appearance to the boat.

The worldwide market for marine lighting is severe and is primarily determined by the rising interest for energy effective lighting items, propelled water obstruction lighting and scaled-down costs. Developing seaborne exchange exercises over the globe infer-able from the foundation of healthy trade relations and positive financial development is anticipated to fuel the growth of shipbuilding industry during the estimated time frame. This is additionally expected to make sound interest for marine lighting later on.

Recent Developments:

· Among the lighting items, a genuine new is the STRIPLIGHT series, that incorporates distinctive expelled profiles with the base structure of aluminum and LED innovation at its best. Each STRIPLIGHT part is deliberately planned and made for the use in a marine situation, as they're impervious to consumption and forceful agents, on account of the execution of devoted seals and plastic components, explicitly treated to keep going forever even in the nearness of sharp saltiness and dampness. 

· Taking the prevalence of the new NaviLED 360 Compact All Round/Anchor Lamp, Hella Marine has discharged a shaft mount range with fixed, fold down, and module base alternatives. An aggregate of 18 styles and types are accessible in the Navico anchor light range - there's one reason for any size and kind of vessel and use. 

· Following three years of examination into the utilization of LED light to develop coral, the new Philips luminaire empowers coral to develop with splendidly, striking hues. Additionally, it was demonstrated that with equal force and light settings as customary lighting, corals will expand at a similar rate yet while keeping up their general appearance and health. This outcome's in critical energy reserves, on standard diminishing power utilization costs by 30% to half.

Drivers and Restraints of the Marine Lighting Market:

Drivers:

Expanding seaborne exchange activities, development of shipbuilding industry, and developing interest for the voyage and business ships are the components driving the market development. Also, generally conservative nature of water transportation contrasted with other transportation modes is heightening the development of the shipping industry, which will trigger the interest for marine lightings during the anticipated timeframe. The naval force, ocean security and patrol are the noticeable end-user segments which are utilizing the marine light to a critical degree. The marine lighting makers are taking a shot at the creation of the waterproof light that can withstand extreme natural condition around the water bodies. In this way, the worldwide market for marine lighting is anticipated to observe health Y-o-Y development all through the conjecture time frame.                                                                        

Restraints:

Be that as it may, price fluctuations of crude materials may hinder the market development. The necessity of the market to upgrade the lighting experience of any boat and the high initial venture may go about as a boundary to the growth of this market.

Market Segmentation:

By Application:

  • Navigation Lights
  • Docking Lights
  • Compartment and Utility Lights
  • Reading Lights
  • Dome Lights
  • Safety Lights
  • Inboard Lighting

Compartment and utility lights segment is continually improving because of its significance in commercial ships applications. These lights are practical and ordered by rules to be made of impact affirmation materials.

By Ship Types: 

  • Commercial Ship
  • Passenger Ship
  • Yacht

Commercial ships and container boats are the significant users of compartment & utility lights.

By Types:

  • Decorative Lights
  • Functional Lights

By Technology:

  • Fluorescent
  • LED
  • Xenon
  • Halogen
  • Others

LED-based marine lighting encourages simple establishment, a little impression in terms of structure, simple accessibility, negligible upkeep, and similarity with the existing foundation. LEDs in boat's lighting can be utilized ideally with specialized ability. LEDs, by and large, have a life expectancy of around 50,000 working hours. Also, they consume less power and intake less electricity making them energy proficient when contrasted with any of their substitute innovations.

By End-Users:

  • Civil Use
  • Military Use
  • Others

Both civilian and military uses are predicted to expand with notable CAGR in the coming years with the increasing trade activities and security concerns around the world.

Marine Lighting Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America is one of the leading markets for marine lighting worldwide and is likewise anticipated to develop with decent pace over the anticipated period. European shipbuilding industry is also foreseen to assume a significant job in the sound development of marine lighting market. This can be ascribed to the presence of an immense fleet of boats in the European nations, for example, Germany, U.K. and, Greece. In this manner, with the developing marine transportation activities combined with the presence of an enormous fleet, Europe is anticipated to make substantial opportunities for the marine lighting makers during the estimated time frame. Asia-Pacific is the biggest market for the Ship Building Industry. As per OECD, over 85% of worldwide transportation manufacturing happens in China, Korea, and Japan. The other significant boat manufacturing nations in the area are the Philippines and Indonesia. India is one of the quickest developing customers of marine lighting in the locale. The expanding shipping activities in the nations of Latin America, for example, Brazil, Mexico, Colombia and Panama are promoting the marine lighting business in the region to hold noteworthy potential. The oil and gas industry of the Middle East and Africa is assuming an outstanding job in water transportation activities. This is additionally anticipated to make the Middle East and Africa a decent marine lighting market.

Key Players of Market:

Some of the major players accounted in the Marine Lighting market are 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.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Marine Lighting Market, By Ship Type                  

                    6.1.1 Commercial Ship      

                    6.1.2 Passenger Ships       

                    6.1.3 Yacht  

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Marine Lighting Market, By Type                

                    6.2.1 Decorative Lights     

                    6.2.2 Functional Lights     

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Marine Lighting Market, By Technology                

                    6.3.1 Fluorescent    

                    6.3.2 LED     

                    6.3.3 Xenon 

                    6.3.4 Halogen         

                    6.3.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.6 Y-o-Y Growth Rate Analysis         

                    6.3.7 Market Attractiveness Index         

          6.4 Marine Lighting Market, By Application                

                    6.4.1 Navigation Lights     

                    6.4.2 Docking Lights        

                    6.4.3 Compartment And Utility Lights    

                    6.4.4 Reading Lights         

                    6.4.5 Dome Lights  

                    6.4.6 Safety Lights  

                    6.4.7 Inboard Lighting      

                    6.4.8 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.9 Y-o-Y Growth Rate Analysis         

                    6.4.10 Market Attractiveness Index       

          6.5 Marine Lighting Market, By End-Users                  

                    6.5.1 Civil Use        

                    6.5.2 Military Use   

                    6.5.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.4 Y-o-Y Growth Rate Analysis         

                    6.5.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Ship Type  

                    7.2.3 By Type         

                    7.2.4 By Technology          

                    7.2.5 By Application

                    7.2.6 By End-Users 

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Ship Type  

                    7.3.3 By Type         

                    7.3.4 By Technology          

                    7.3.5 By Application

                    7.3.6 By End-Users 

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Ship Type  

                    7.4.3 By Type         

                    7.4.4 By Technology          

                    7.4.5 By Application

                    7.4.6 By End-Users 

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Ship Type  

                    7.5.3 By Type         

                    7.5.4 By Technology          

                    7.5.5 By Application

                    7.5.6 By End-Users 

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Ship Type  

                    7.6.3 By Type         

                    7.6.4 By Technology          

                    7.6.5 By Application

                    7.6.6 By End-Users 

8. Key Player Analysis                           

          8.1 Foresti & Saurdi          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Hella                

          8.3 NJZ Lighting Technology                  

          8.4 Signify              

          8.5 Taco Marine               

          8.6 Osram GmbH              

          8.7 Lumitec            

          8.8 Britmar Marine            

          8.9 Ajmera Electrotech                

          8.10 Techno Marine Corporation           

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Marine Lighting Market By Region, From 2021-2026 ( USD Billion )
  2. Global Marine Lighting Market By Ship Type, From 2021-2026 ( USD Billion )
  3. Global Commercial Ship Market By Region, From 2021-2026 ( USD Billion )
  4. Global Passenger Ships Market By Region, From 2021-2026 ( USD Billion )
  5. Global Yacht Market By Region, From 2021-2026 ( USD Billion )
  6. Global Marine Lighting Market By Type, From 2021-2026 ( USD Billion )
  7. Global Decorative Lights Market By Region, From 2021-2026 ( USD Billion )
  8. Global Functional Lights Market By Region, From 2021-2026 ( USD Billion )
  9. Global Marine Lighting Market By Technology, From 2021-2026 ( USD Billion )
  10. Global Fluorescent Market By Region, From 2021-2026 ( USD Billion )
  11. Global LED Market By Region, From 2021-2026 ( USD Billion )
  12. Global Xenon Market By Region, From 2021-2026 ( USD Billion )
  13. Global Halogen Market By Region, From 2021-2026 ( USD Billion )
  14. Global Marine Lighting Market By Application, From 2021-2026 ( USD Billion )
  15. Global Navigation Lights Market By Region, From 2021-2026 ( USD Billion )
  16. Global Docking Lights Market By Region, From 2021-2026 ( USD Billion )
  17. Global Compartment And Utility Lights Market By Region, From 2021-2026 ( USD Billion )
  18. Global Reading Lights Market By Region, From 2021-2026 ( USD Billion )
  19. Global Dome Lights Market By Region, From 2021-2026 ( USD Billion )
  20. Global Safety Lights Market By Region, From 2021-2026 ( USD Billion )
  21. Global Inboard Lighting Market By Region, From 2021-2026 ( USD Billion )
  22. Global Marine Lighting Market By End-Users, From 2021-2026 ( USD Billion )
  23. Global Civil Use Market By Region, From 2021-2026 ( USD Billion )
  24. Global Military Use Market By Region, From 2021-2026 ( USD Billion )

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