Part $1$ of $7$

The table below gives a detailed forecast of the size of the market by production volume. Assume that KXS expects to capture $10\mathrm{.}20\%$ of the market share in $2018$ and expects that percentage will increase by $0\mathrm{.}23\%$ per year. KXS currently has the capacity to produce a maximum of $1100$ thousand units. What production capacity will KXS require each year? When will an expansion become necessary $($that is$,$ when will production volume exceed $1100$ thousand units$)?$

KXS$\text{'}$s market share for $2018$ is $$ thousand units. $($Round to the nearest integer.$)$