While global vehicle production is forecast to grow at a compound annual growth rate (CAGR) of around 3.6%, the automotive electrical products market is expected to have a CAGR of over 8% through to 2011 from an estimated volume of $74bn in 2006. Within the forecasts of high overall growth are some spectacular growth sectors. EEDS for telematics systems and local interconnect networks (LIN) are forecast to grow at over 20% during the next few years, while those for advanced safety and driver assistance applications could achieve CAGR as high as 37%.
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