NuAxiSemiconductor trade intelligence
xEV power chip market to more than double to $14.5bn by 2031
What happened
Yole Group forecasts the xEV power device market to reach $14.5 billion by 2031, recovering from a 2024-2025 slowdown. The report projects xEV production will account for 70% of global light vehicle production by 2031. Bullish: The 14% CAGR indicates strong future demand for power electronics.
Impact and signal
Low impactImpact score: 25/100
Affected components and suppliers
Power ElectronicsxEV Power Devices
Yole Group
market forecastgrowthdemand
Source and time
Source: Semiconductor Today · 8/17/2026 · View original source
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