Forecast: ROW xEV System, Semiconductor and Sensor Demand Forecast 2022 to 2031 – August 2024
Explore the evolving xEV systems market with TechInsights' data model, highlighting the early-stage focus on hybrid platforms and the growing demand for advanced semiconductor and sensor components.
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 combined volumes still expected to be lower than for 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 27% over 2023–2028, from just $62.9 million to $206.5 million. The continued momentum will push market demand to $262.3 million by 2031.
