ROW xEV System, Semiconductor and Sensor Demand Forecast 2021 to 2030 - October 2023
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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 38% over 2022–2027, from just $42.0 million to $209.1 million. The continued momentum will push market demand to $265.6 million by 2030.
