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Author: Asif Anwar
Publication Date: Jul 26 2022
Pages: 8
Report Type: Regional Data Table, Excel
Electric Vehicles Service

South Korea xEV System, Semiconductor and Sensor Demand Forecast 2020 to 2029 - July 2022

Report Summary:

This data model presents a view of the South Korea outlook for xEV systems and associated semiconductor and sensor demand. The ongoing COVID situation and the war in Ukraine, and subsequent fears over the global economy, are the dominant factors in this update. Despite these challenges, the push towards electrification and battery electric vehicles in particular is not currently expected to slow down even if volume demand will be lower. This will help to sustain demand for xEV semiconductor and sensor components, and the market will still grow at a CAAGR of 32% over 2021 - 2026, from $0.2 billion to $0.9 billion. The continued momentum will push market demand to $1.0 billion by 2029.
Table of Contents

Total EV-HEV
Total Mild Hybrid
Total Full Hybrid
Total Plug-in Hybrid
Total Battery EV
Electronics System Data
Semiconductor Data

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Electric Vehicles

Governments and environmentalists alike continue to push, rightfully so, to create cleaner methods of transport. But can electric vehicles fill that requirement? How can consumers be persuaded to switch? And is the automotive supply chain actually ready for this change?

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