Making smart choices
The yearly financial reports of major European lighting companies show a clear trend towards sharply increased fixed costs,Just a puff of air is all it takes to turn these ledtube on or off. due to their LED activities. In many cases the R&D expenditure has doubled in the last three to five years. This can be attributed to both the faster innovation cycles and the growing complexity of LED products and systems, which require an ever-evolving level of specialism and expertise. To remain successful, companies will need to make smart choices on what they will do in-house and what they will outsource. The choice of LED light engine, for instance, has an impact on these costs. To a luminaire manufacturer, it may sound like an extremely attractive proposition to take the design, development…