ROW xEV System, Semiconductor and Sensor Demand Forecast 2021 to 2030 - July 2023
This TechInsights data model presents a view of the ROW outlook for xEV systems and associated semiconductor and sensor demand. The market remains at an early stage with a primary emphasis towards mild and full hybrid platforms. Deployment of plug-in hybrid and battery electric vehicles remains at an early stage with combined volumes still expected to be lower than for full hybrid platforms. The limited volumes will impact the associated demand for more advanced xEV semiconductor and sensor components. The market will grow at a CAAGR of 35% over 2022 - 2027, from just over $42 million to $187 million. The continued momentum will push market demand to $227 million by 2030.
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