xEV power chip market to more than double to $14.5bn by 2031
- Source
- Semiconductor Today
- Source link
- https://semiconductor-today.com/news_items/2026/aug/yole-170826.shtml
- Published
- 2026-08-17 08:42:43
- Discovered by ProcIntel
- 2026-08-17 10:29:43
- Category
- Procurement Technology & AI
- Geography
- Global
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Following a “reality check” in 2024–2025, when sales of hybrid electric vehicles gained ground and battery-electric vehicles growth slowed temporarily, the xEV industry is regaining momentum, notes Yole Group in its report ‘Automotive Powertrain and Electrification 2026 – Focus on Power Electronics’. The market research firm estimates that xEV production is growing at a double-digit compound annual growth rate (CAGR) during 2025–2031 to about 70% of global light vehicle production, with battery-electric vehicles (BEVs) alone accounting for 33 million units. In turn, the xEV power device market is growing at a 14% CAGR to $14.5bn by 2031...
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
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Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.