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the company will be the leader in driving LED adoption rates within the auto industry

In short, Philips Lumileds’ existing product line offers automakers and lamp manufacturers the clearest pathway to LED Linear high bay light develop automotive lighting systems that will attract customers to their brands at the lowest possible cost.

“By 2020, revenues for LED lighting will exceed all other lighting technologies within the global auto industry,” concludes Spivey. “Considering Philips Lumileds’ enhanced technologies and relationships with automakers and headlamp manufacturers across the world, the company will be the leader in driving LED adoption rates within the auto industry.”

Thus, for successfully differentiating itself in a difficult global market and expanding the market potential for automotive LED systems, Frost & Sullivan is proud to present the 2010 Global Technology Innovation of the Year Award in the automotive LED market to Philips Lumileds. Each year, Frost & Sullivan presents this award to the company that has demonstrated uniqueness in developing a technology, which significantly impacts both the functionality and the customer value of new products and applications. The award lauds the relevance of the innovation to the industry.

Frost & Sullivan’s led high bay light recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
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