How big is the Marine Lighting Market?

The Marine Lighting Market size is expected to reach USD 358.91 million in 2024 and grow at a CAGR of 5.5% to reach USD 494.88 million by 2029. Read More

What is the current Marine Lighting Market size?

In 2024, the Marine Lighting Market size is expected to reach USD 358.91 million. Read More

Who are the key players in Marine Lighting Market?

OSRAM Licht AG, Hella GmbH & Co KGaA, KOITO MANUFACTURING CO., LTD., Aqualuma LED Lighting and Lumishore Ltd. are the major companies operating in the Marine Lighting Market. Read More

Which is the fastest growing region in Marine Lighting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Marine Lighting Market?

In 2024, the North America accounts for the largest market share in Marine Lighting Market. Read More

What years does this Marine Lighting Market cover, and what was the market size in 2023?

In 2023, the Marine Lighting Market size was estimated at USD 339.17 million. The report covers the Marine Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Marine Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Marine Lighting Market - Companies, Size & Trend

Marine Lighting Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Marine Lighting Market is Segmented by Technology (LED, Fluorescent, Others), Type (Underwater Lighting, Dock Lights, Surface Mount, Interior & Deck Lighting), Application (Navigation, Safety, Decorative, Docking) and Geography (North America, Europe, Asia Pacific, Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Marine Lighting Industry Overview

The marine lighting market is a highly competitive market with a number of players offering solutions. The solutions offered by the companies vary in scale depending on the size of the vendor and its ability to produce hardware. Some of the recent developments in the market are:

In March 2022, Lumishore, a prominent designer and manufacturer of high-performance marine LED lighting systems, invested in a bespoke Surface Mount Technology facility to produce printed circuit boards for its entire product range. The facility, which would generate additional jobs locally, is estimated to produce upwards of 150,000 circuit boards annually.

In January 2022, to achieve its combined Group sales aspirations of EUR 33 billion (USD 36.57 billion) in 2025, which represents significant leverage, Faurecia announced the completion of the purchase of Hella. This transformative acquisition brings together two lucrative and complementary firms. The businesses decided to collaborate in order to start putting the large and verified synergies that have been found into practice right away and provide lasting value for all their stakeholders.