EV Engineering News

IDTechEx forecasts 21% growth in EV semiconductor demand

IDTechEx’s “Semiconductors for Autonomous and Electric Cars 2023-2033” report predicts a 20.9% one-year compound annual growth rate (CAGR) in semiconductors for electric powertrains due to the mainstream adoption of EVs.

The report breaks down chips and wafers and notes that the battery management system (BMS) contributes to one-third of the silicon used to make electric powertrains. A BMS has one master controller chip and several battery monitoring and balancing (BMB) integrated circuits (ICs) that monitor groups of cells. BMB ICs can monitor 10 to 20 cells in a battery pack and this number is growing. As silicon processes improve, more powerful and capable BMB ICs are being produced, reducing battery pack chips, and growing cell capacities are reducing the number of cells per vehicle.

IDTechEx predicts that the automotive semiconductor industry will grow by 9.4% over the next decade, and the battery EV market will grow by 15%.

Source: IDTechEx

Create Account. Already Registered? Log In

Virtual Conference on EV Engineering: Free to Attend

Don't miss our next Virtual Conference on April 15-18, 2024. Register for the free webinar sessions below and reserve your spot to watch them live or on-demand.


EV Engineering Webinars & Whitepapers

EV Tech Explained