Study: Auto Electronics to Slow in '07
Published: 06 February 2007
by Mike Buetow
LOS ALTOS, CA – Chinese vehicle production is estimated to have risen 12.1% during 2006, according to analyst Henderson Ventures' latest forecast summary.
The research group says world unit vehicle sales rose 4.4% last year, after a 5.2% gain in 2005. Unit production of cars and light trucks is expected to be up 2.9% in 2007, in part as a result of higher-end vehicles with electronic modules.
Automotive electronics is reportedly going to take a disproportional
hit. Global automotive electronics production will grow 6.6% in 2007,
the report says, after a 10.1% gain last year. However, it is predicted
that global automotive electronics production will accelerate to 8.4%
in 2008, with China achieving high double-digit growth rates.
The research group says world unit vehicle sales rose 4.4% last year, after a 5.2% gain in 2005. Unit production of cars and light trucks is expected to be up 2.9% in 2007, in part as a result of higher-end vehicles with electronic modules.
