Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
The latest September revision of the global light vehicle production forecast following the semiconductor shortage issue will see this impact filter through IHS Markit’s component forecasts. This article highlights the fitments of features and technologies that are expected to be affected and the extent of the impact.
The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively.
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