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News Release from: Strategy Analytics
Edited by the Electronicstalk Editorial
Team on 26 April 2006
Hybrid vehicles offer electronics
expansion
A report forecasts demand for hybrid vehicles to grow from 335,000 units in 2005 to over 3 million units in 2013, representing 4% of worldwide vehicle production.
"Hybrid vehicles: opportunity for profits through electronics" is the latest report from the Strategy Analytics Automotive Electronics Service, which forecasts demand for hybrids to grow from 335,000 units in 2005 to over 3 million units in 2013, representing 4% of worldwide vehicle production Despite their relative low volume sales numbers, as compared with worldwide vehicle production, hybrid vehicles include more electronic content than a traditional vehicle
This article was originally published on Electronicstalk on 4 Nov 2005 at 8.00am (UK)
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Strategy Analytics provides analysis of the markets for hybrid specific items such as power electronics, sensors and high voltage batteries.
"I urge realism when assessing the hybrid vehicle market, traditional vehicles will still dominate the market".
"This does not mean, however, that the hybrid vehicle market should be ignored", notes Mark Fitzgerald, Senior Analyst.
"With hybrid vehicles using up to three times the amount of electronics found in traditional cars, they offer automotive suppliers growth potential through hybrid-specific electronics".
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