ROW xEV System, Semiconductor and Sensor Demand Forecast 2022 to 2031 - May 2024
Share This Post
This TechInsights data model presents a view of the rest of world (ROW) outlook for xEV systems and associated semiconductor and sensor demand. The market remains at an early stage with a primary emphasis towards hybrid platforms. Deployment of battery electric vehicles remains at an early stage with volumes still expected to be lower than for the combined 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 28% over 2023–2028, from just $62.0 million to $214.6 million. The continued momentum will push market demand to $260.7 million by 2031.
