Marine Lighting Market worth $495 million by 2027
                     MarketsandMarkets 
Presents
Marine Lighting Market worth $495 
million by 2027
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et-212556746.html
 
The report "Marine Lighting Market by Ship (Passenger, 
Commercial, Yachts), Technology (LED, Fluorescent, Halogen, 
Xenon), Application (Navigation, Dome, C&U, Reading, Docking, 
Safety, Decorative), Type (Functional, Decorative), and Region - 
Global Forecast to 2027" The marine lighting market size is projected 
to grow from USD 328 million in 2019 to USD 495 million by 2027, at a 
CAGR of 5.3% during the forecast period. 
The increasing demand for cruise & commercial ships in Asia Pacific and 
Europe is the primary driver impacting the marine lighting market. 
Maritime safety regulations have also played a significant role in 
increasing the demand for marine lighting.
Browse 96 market data Tables and 41 Figures spread 
through 133 Pages and in-depth TOC on "Marine Lighting 
Market”
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Commercial ships accounted for the largest share of the marine 
lighting market
Commercial ships are the backbone of global trade. There has been a 
trend of increasing trade activities due to numerous factors such as 
rising manufacturing output, reduction in shipping costs & taxes, and the 
emergence of new trading partners. Thus, the demand for commercial 
ships goes hand in hand with the global economy. This has resulted in 
commercial ships being the largest users of marine lighting.
General cargo, bulk carriers, and oil tankers have a significant 
requirement of marine lighting among all the commercial ships. 
According to industry experts’, compartment and utility lighting is the 
largest application of lights in commercial vessels. The rise in trade and 
shipbuilding activities is expected to drive the growth of this segment in 
the near future.
Fluorescent lights are one of the most widely used technologies 
of marine lighting
The luminous efficiency of fluorescent lights is between 9% and 11% 
while that of halogen is 3.5%. Fluorescent lamps have an operational life 
span ranging between 6,000 and 15,000 hours. Halogen lamps have an 
operational life of 3,000 hours. As marine applications require long-
lasting lamps, fluorescent lamps are used more commonly as compared 
to halogen lamps. Among all the lighting technologies available, 
fluorescent is the second most long-lasting lights after LEDs. 
Europe is estimated to be the second-largest market for marine 
lighting globally
The European marine industry is well developed in the world. Russia, 
Greece, Turkey, and Norway have the largest registration of commercial 
ships. Moreover, Turkey, Norway, and Greece also have a huge 
passenger ship registration. The demand for yachts is also the largest in 
Europe. Additionally, the maritime regulations for lighting are stringent 
in this region with safety lights and navigation lights required to follow 
all the stipulated guidelines. This makes Europe a key marine lighting 
market for major lighting manufacturers. Hence, Europe is projected to 
be the second-largest market for marine lighting globally.
The marine lighting market is dominated by global players and 
comprises several regional players as well. The key players in the marine 
lighting market are Signify (Netherlands), Hella (Germany), Koito (Japan), 
Osram (Germany), West Marine (US), Lumishore (UK), Foresti & Saurdi 
(Italy).
Don’t miss out on business opportunities in Marine Lighting Mar
ket. Speak to our analyst and gain crucial industry insights that 
will help your business grow.
Recent Developments
• 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.
• In September 2018, Hella launched Sea Hawk 470 LED lamps. They 
are ideal for illuminating decks and walkways beside boats and other 
close-range applications where large amounts of light are needed. The 
ultra-smooth spread has no harsh borders or hotspots, therefore 
reducing eye strain and fatigue.
• In October 2018, OSRAM established a new manufacturing facility for 
digital lighting components in Plovdiv, Bulgaria, ensuring flexible 
deliveries and shorter response times. The manufacturing facility 
focuses on LED drivers, but also manufactures light management 
systems and traditional ECGs.
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