Marine Lighting Market is segmented By Technology (LED Lighting, Fluorescent Lighting, Halogen Lighting, Xenon Lighting), By Product Type (Functional ....
Market Size in USD
CAGR5.3%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 5.3% |
Market Concentration | Medium |
Major Players | Phoenix Marine Lighting, LGS Marine Lighting, Hella Marine, Lumitec Lighting, Garmin Switzerland GmbH |
The marine lighting market is estimated to be valued at USD 426.33 Mn in 2024 and is expected to reach USD 612.78 Mn by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The marine lighting market is witnessing high growth due to increasing maritime tourism and water sport activities globally.