Electronics Supplier Growth Opportunities
Boston, MA - April 25, 2006 -- Strategy Analytics, the global research and consulting company, recently released, "Hybrid Vehicles: Opportunity for Profits Through Electronics," from its 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 percent 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. 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."