Forecast: Russia xEV System, Semiconductor and Sensor Demand Forecast 2022 to 2031 – August 2024
TechInsights' data model provides insights into Russia's xEV systems market, highlighting early-stage development and the impact of international OEMs exiting the market.
This TechInsights data model presents a view of the Russia outlook for xEV systems and associated semiconductor and sensor demand. The market remains at an early stage and is further impacted by international OEMs pulling out of the market. Deployment of battery electric vehicles remains at an early stage, though the market will be larger than the hybrid market by the end of the forecast period. The limited volumes will impact the associated demand for more advanced xEV semiconductor and sensor components. The market will grow at a CAAGR of 30% over 2023–2028, from just $4.1 million to $15.3 million. The continued momentum will push market demand to $17.8 million by 2031.
