I would imagine that none of the LED research and development is funded with flashlights in mind. We're just lucky that our hobby benefits from it.
However, hobbyists surely help define the features that appear in high end flashlights. We may not direct the whole industry, but...
...we know that the 4Sevens lights are designed with us directly in mind.
...we've recently seen HDS adjust their designs to accommodate our wishes.
...ITP adjusted their level order from M-L-H to L-M-H on some of their models and it's probably not too unreasonable to believe that CPF members and other hobbyists are the target consumers for those models since typical consumers don't care about having Low, let alone where it is in the mode ordering.
...maybe I'm just ignorant, but since LEO and Military aren't interested in AAA and AA lights and most consumers won't pay $20+ for such a small light, it seems like any expensive AA and AAA light must be targeted specifically at hobbyists (think Zebralight, Liteflux, etc).
...the whole 18650 market is probably hobbyist driven (pure speculation based on the fact that no top tier battery maker is willing to sell cells to individuals).
If I'm wrong on any of the above, please let me know. Everything after the first two is pure speculation, so I could be wrong.
--flatline