Market Share of Marine Lighting Industry
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.
Marine Lighting Market Leaders
OSRAM Licht AG
Hella GmbH & Co KGaA
KOITO MANUFACTURING CO., LTD.
Aqualuma LED Lighting
Lumishore Ltd.
*Disclaimer: Major Players sorted in no particular order
