New drivers of growth set to reshape global auto components sector
Despite extended operational life for most major car components, prospects indicate that the overall demand is set to rise to 2005, according to a new 600-page study of the world automotive components market published by the Economist Intelligence Unit (EIU). The EIU also forecasts strong demand through 2005 for adaptive cruise control (using radar and sensors), keyless entry systems, air conditioning, cabin filters, fuel filters, entertainment systems, seat comfort features, electronic braking systems, and automatic transmissions.
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