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IT Home reported on August 23 that market research firm TechInsights released a report titled "Sustainable xEV Networks: Opportunities for the Semiconductor Industry" this afternoon.

The report states that the baseline growth forecast for battery electric vehicles (BEVs) shows that the automotive semiconductor market will account forNearly doubled growthEven in the scenario of a declining BEV market, semiconductor demand will still increase significantly, thanks to peripheral systems such asAutonomous driving assistance technology ADAS and infotainment system) are becoming increasingly complex and evolving.

So far, the largest markets for electric vehicles (EVs) are concentrated in high-income countries, with Norway in particular emerging as a success story.Concerns about relatively poor performance of electric vehicles in cold climatesContradictory.

However, new car sales in Norway todayMore than 80% All electric vehicles. Sweden is next.60%, while China 37% of electric vehicle salesFollowing closely behind (IT Home Note: Data from the China Passenger Car Association on August 7 showed that new energy vehicles accounted for 50.84% ​​of retail sales in July 2024).

TechInsights predicts that China will maintain its position as the world's largest electric vehicle market until 2030, with annual production doubling to nearly 60 million vehicles.

Previously, another organization, IDC, also predicted in a report that by 2027, the global automotive semiconductor market will exceed US$88 billion (currently about RMB 628.572 billion). As the value of semiconductors per vehicle continues to grow, the attention and importance of semiconductor companies in the automotive industry chain have further increased.