Japan xEV System, Semiconductor and Sensor Demand Forecast 2021 to 2030 - July 2023
This TechInsights data model presents a view of the Japan outlook for xEV systems and associated semiconductor and sensor demand. The market will remain geared towards full hybrid platforms, but growth is emerging for mild and battery electric vehicle platforms. Deployment of plug-in hybrid remains at an early stage but also has growth potential. This will help to sustain demand for xEV semiconductor and sensor components, and the market will grow at a CAAGR of 17% over 2022 - 2027, from $672 million to $1.5 billion. The continued momentum will push market demand to $1.9 billion by 2030.
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