xEV Systems Demand Outlook 2021-2030

xEV production is forecast to grow at a CAAGR of 18%, with volumes reaching 57.8 million units by 2029. The corresponding xEV powertrain electronics systems demand is forecast to grow at a CAAGR of 23% from $34.7 billion in 2022 to $98.6 billion in 2027 and reach $133.0 billion by 2030.

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