IN 2015, the Boston Consulting Group examined the LED lighting market and trends in its article, "How to Win in a Transforming Lighting Industry." It stated, "The upheaval stems from two powerful shifts: the move toward light-emitting-diode (LED) lighting and the growing adoption of connected lighting systems. These trends, which reinforce one another, are fundamentally altering the underlying economics and dynamics of the market. The result: companies across the complex lighting ecosystem must evaluate where they can compete effectively amid the changes and adopt new strategies to win in the future." They were upbeat then, and their prophecy seems to hold.
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