Philips 2013 Annual Report Download - page 82

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5 Sector performance 5.3 - 5.3.1
82 Annual Report 2013
5.3 Lighting
“ In 2013 our industry experienced a huge transformation as the
shift to LED lighting gathered pace. We delivered value by
improving our profitability and achieved a leading position in
LED lighting solutions. Going forward, we will accelerate the
drive to LED and help our customers to realize the benefits of
intelligent connected lighting, serving both consumers and the
growing professional market for integrated systems and
services.” Eric Rondolat, CEO Philips Lighting
• The lighting industry is undergoing a radical
transformation.
• The lighting market is being driven by the transition to
LED and digital applications.
• Our four-pillar strategy will enable us to improve
performance, maximize growth and strengthen our
position as a global leader in the lighting market.
5.3.1 Lighting business landscape
We are witnessing a number of trends and transitions
that are aecting the lighting industry and changing the
way people use and experience light.
We serve a large and attractive market that is driven by
the need for more light, energy-efficient lighting, and
digital lighting. Over half the world’s population
currently lives in urban areas: a figure that is expected to
rise to over 70% by 2050. That means 3 billion extra city