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Follow on Google News | LED Lighting: Public Transportation Vehicles Market Forecast (2010-2017)LED-based lamps/devices in public transportation vehicles reached 17.0 million units worldwide in 2010 (a 22% increase over 2009)
By: stephen_montgomery@electronicastconsultants.com For the purposes of this study, ElectroniCast defines public transportation (public-transit / mass-transit) • Bus • Rail and Rapid Transit Vehicles o Light- o Rapid Transit/Metro and Subway/Underground o High-Speed, Commuter/Intercity and Long-Distance • Ferries/ The market forecast is also segmented into the following product-type: • LED Linear Lamps (Tubes) • LED-based Back Light Unit (BLU) Bars for LCD Display Screens • LED Signage/Destination Sign Board Modules • Other/ “Market analysis and technology forecasting are complex tasks. Any predictions of the shape and trends of technology and economic movement start from the notion that the germ of what will be important tomorrow is present, although smaller or larger or in a different form, in our environment today. However, taking as a basis for a prediction the assumptions of current, conventional belief creates a set of preconceived notions that can lead to serious mistakes. ElectroniCast, instead, looks to the basic driving forces,” said Jeff D. Montgomery, chairman and founder of ElectroniCast Consultants. “ElectroniCast then considers customer expectations of near term growth in their application, plus forecasted economic payback of investment, technology trends and changes in government regulations and funding/tax- According to Electronicast, in 2010 the quantity (volume) of LED-based lamps/devices used in public transportation vehicles reached 17.0 million units. During the 2010-2017 timeline, ElectroniCast forecasts the quantity consumption will grow at an average annual rate of 28.5 percent, reaching 92.2 million units in 2017 (see Figure). The market forecast data in the ElectroniCast report refers to consumption for a particular calendar year; therefore, this data is not cumulative data. The Asia Pacific region (APAC) American region is forecast to maintain the lead in relative market share throughout the forecast period; however growing at a slightly slower pace than the EMEA region. In general, the EMEA region (Europe, Middle East and Africa countries) has been a bit slower to embrace some of the LED lighting solutions versus other regions; however, the trend is changing and the EMEA consumption is set to increase at a steady pace. The America region, especially the United States, loves the automobile with one occupant per car during the commuting process. However, pushed by many ecological concerns, economical pressures and other factors, the call for public transportation is considered an option for some commuters. The America region has a relatively high LED product take-rate per vehicle, especially in the United States and Canada. The America region is forecast to maintain strong growth, especially with the assistance of the U.S. Department of Energy green-tech stimulus funding and other programs that are supportive of LED-based lighting solutions. Also, Latin America, with an emerging modernization of public transit in the bus category, will provide new opportunities for LED producers throughout the forecast period. This 559-page market forecast report is available immediately from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; (Telephone/USA: ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communications and manufacturing companies, as well as the investment/financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ According to ElectroniCast, the annual global consumption quantity (unit volume) of LED-based lamps/devices in public transportation vehicles is forecast to increase from 17 million units last year in 2010 to 98.2 million units in the year 2017. LED Lamps/Devices Used in Public Transportation Vehicles Global Consumption Quantity/Volume Market Forecast (Source: ElectroniCast Consultants) # # # ElectroniCast Consulatants ( www.electronicastconsultants.com ) , a technology-based independent forecasting firm, specializes in forecasting trends in technology, markets and applications forecasting, strategic planning and consulting. End
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