Date Announced: 12 Nov 2012 LED Lighting: Public Transportation Vehicles Market Forecast (2011-2018)The use of LED-based lamps/devices in public transportation vehicles is forecast to reach $2.17 Billion in 2018Upper Lake, CA (USA) – November 12, 2012 -- ElectroniCast Consultants, a leading market research firm, today announced the release of their annual market research study of the worldwide use of light emitting diode-lighting lamps/devices used in Public Transportation Vehicles. According to the ElectroniCast report, the global consumption value of LED-based lamps/devices in public transportation vehicles is estimated to reach $945 million in 2012, up from $865 million in 2011. During the 2011-2018 timeline, the consultancy forecasts that the use will increase at an average annual rate of 14 percent to $2.17 billion in the year 2018. The Asia Pacific region (APAC) leads in global consumption with 49.4 percent in relative market share or an anticipated $467 million in 2012. The EMEA region (Europe, Middle East and Africa countries) holds a 26 percent share in 2012 and the American region (South, Central and North America) region is forecast to remain in the third-place position throughout the forecast period. Note: the market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data. For the purposes of this study, ElectroniCast defines public transportation as a shared passenger transportation service, which is available for use by the general public. Public transportation vehicles, included in this study, are listed below. The LED lighting public transportation vehicles global market is segmented into the following vehicle (type) categories:•Bus •Rail and Rapid Transit VehiclesoLight-Rail, Tram/Trolley/StreetcaroRapid Transit/Metro and Subway/UndergroundoHigh-Speed, Commuter/Intercity and Long-Distance•Ferries/WatercraftThe 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/Miscellaneous LED Lamps and Luminaries This 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; [email protected] 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’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.According to ElectroniCast, the worldwide use of LED-based lamps/devices in public transportation vehicles is forecast to reach $2.17 billion in the year 2018…
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