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Marine Lightning Market Size - By Product Type, By Ship Type, By Technology, By Voltage, By Application - Global Forecast, 2025 - 2034
Report ID: GMI14534
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Published Date: July 2025
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Report Format: PDF
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Authors: Suraj Gujar , Alina Srivastava
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Base Year: 2024
Companies covered: 25
Tables & Figures: 548
Countries covered: 19
Pages: 170
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Marine Lightning Market
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Marine Lightning Market Size
The global marine lightning market was estimated at USD 412.4 million in 2024 with a volume of 206,209 units. The market is expected to grow from USD 438 million in 2025 to USD 610.1 million in 2030 and USD 768.1 million by 2034, at a CAGR of 7.2% during the forecast period of 2025โ2034.
Top two companies hold 12.10% market share
Collective market share in 2024 is 42.90%
Marine Lightning Market Trends
Marine Lightning Market Analysis
Based on product type, the market is segmented into Functional (e.g., navigation, safety, utility lighting), Decorative (interior, ambient aesthetic lighting). The functional segment accounts for the highest market share of 60.1% and also the fastest-growing segment with a CAGR of 8.6% during the forecast period.
Based on ship type, the marine lightning market is segmented into passenger ships, commercial ships, yachts. The passenger ships segment account for the highest market share of 45.2%.
Based on the technology, the marine lightning market is segmented into LED, Fluorescent, Halogen, Xenon. The LED segment accounts for the highest market share of 40.1% and is projected to grow with a CAGR of 8.3% during the forecast period.
Based on the voltage, the marine lightning market is segmented into 12V, 24V, 120V, 230V. The 12V segment accounts for the highest market share of 39.1% and is projected to grow with a CAGR of 7.5% during the forecast period.
Based on the application, the marine lightning market is segmented into Navigation lights, Dome lights, Compartment & Utility lights, Reading lights, Docking lights, Safety lights, Others. The navigation segment accounts for the highest market share of 27.2% and is projected to grow with a CAGR of 9% during the forecast period.
The North America marine lightning market held a 36% market share in 2024 and is projected to grow at a CAGR of 7.6% during the forecast period. This growth is primarily fueled by the regionโs large commercial shipping fleet, strong presence of recreational boating activity, and strict maritime safety regulations that mandate high-quality, energy-efficient lighting systems.
Europe held a 23.9% share of the marine lightning market in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. The region is witnessing steady growth driven by increasing investments in naval modernization, port infrastructure upgrades, and the expansion of the commercial shipping and cruise tourism sectors.
The Asia-Pacific marine lightning market accounted for 19.6% of the global market share in 2024, supported by rapid growth in commercial shipbuilding, naval modernization, and coastal infrastructure development across countries like China, Japan, South Korea, and India. The regionโs strong focus on maritime trade, port expansion, and passenger ferry services is fueling the demand for efficient and compliant marine lighting systems.
Latin America held a 12% share of the marine lightning market in 2024 and is projected to grow at a CAGR of 6.4% during the forecast period. Growth is supported by rising maritime trade, port infrastructure development, and increasing adoption of efficient lighting systems across fishing fleets, commercial vessels, and coastal patrol operationsโparticularly in Brazil, Mexico, and Argentina.
The Middle East & Africa market was valued at USD 35.1 million in 2024, driven by increasing investments in port infrastructure, naval expansion, and offshore oil & gas operations. Countries across the Gulf region and South Africa are accelerating modernization of commercial fleets and naval assets, prompting growing demand for energy-efficient, durable lighting systems tailored to harsh marine environments.
Marine Lightning Market Share
Marine Lightning Market Companies
Some of the prominent market participants operating in the marine lightning industry include:
Marine Lightning Industry News
The marine lightning market research report includes in-depth coverage of the industry with estimates and forecasts in terms of revenue in (USD million) and units from 2021 โ 2034 for the following segments:
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Market, By Product Type
Market, By Ship Type
Market, By Technology
Market, By Voltage
Market, By Application
The above information is provided for the following regions and countries: