Russia xEV System, Semiconductor and Sensor Demand Forecast 2022 to 2031 - May 2024
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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 limited, though the market will be larger than the hybrid market by the end of the forecast period. The restrained 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 $4.1 million to $14.7 million. The continued momentum will push market demand to $19.2 million by 2031.
