Online customer service
Online customer service system

The global marine strobe lights market survey and estimation from 2020 to 2030

The global market volume for marine strobe lights is estimated to be up to US$1.7 billion by 2030. Increasing demand for marine vessels and growing military applications are the key factors driving the growth of this market. 

Basically,based on types, the market is divided into LED light, Xenon light and others.

the market percentage of marine strobe lights for different vessels
For applications, the market covers passenger ship, cargo ship, fish boat and others.Marine Strobe Lights are installed onto Passenger ships for the purpose of signaling, collision avoidance, and navigation.On cargo ships, marine strobe lights are used to communicate with other ships in order to avoid collision.

In recent years, the marine transport is in steady increase around the world.The increasing demand for goods and services across industries result in more market requirement for marine strobe lights. The increasing demand for marine lighting is driven by the growth in the usage of waterproof LED work lights and the stringent regulations for the marine industry. 

By geography, the global market of marine strobe lights are categorized into north America,Latin America,Europe,Asia, the middle east and Africa.

the market share estimation of marine strobe lights by geography
Now North American takes the lead in the market for Marine Strobe Lights. The growing demand for marine vessels and increasing military expenditure are the key factors driving the growth of this market in the US and Canada. Also, large-scale construction projects to improve infrastructure along coastal areas will further boost demand. Latin American market covers Brazil, Mexico, Argentina, Chile, and the Rest of South America regions. 

The Asia-Pacific region will see the strongest growth in the coming years with a compound annual growth rate of 7% due to increased demand for marine strobes in passenger ships and cargo ships. Asia Pacific is expected to hold the largest market share, by value finally.China is estimated to covered the largest share of this market owing to the high demand of for commercial ships including tankers and bulk cargo ships

The global key players operating in the market include

Ultimate Sports Engineering
Canepa & Campi
Cooper Industries
Veleria San Giorgio
Paradox Marine

Share to the following social media