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The demand for passenger electric vehicles is significantly higher than for commercial vehicles, leading to a higher demand for testing equipment in passenger EVs. (Source: NVB Stocker - stock.adobe.com)
EV TEST EQUIPMENT MARKET REPORT 2022

Increasing demand for efficient and low-emission commuting to drive market

The global EV test equipment market size is projected to reach USD 242 million by 2027, from an estimated USD 79 million in 2022, at a CAGR of 25.2 %. The market for EVs has been growing over the past few years due to the increasing demand for emission-free vehicles around the world, combined with the rising cost of fuel. Various renowned OEMs have been working on developing EVs with advanced electronic/electric components over the past few years. This is according to a report by ResearchAndMarkets.com.

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The transaction strengthens power semiconductor production in Germany. (Source: gabriellefaithhenderson - unsplash.com)
POWER SEMICONDUCTERS

Elmos: Sale of Dortmund wafer fab to Littelfuse

Elmos Semiconductor SE, a global supplier of mixed-signal automotive semiconductors, and Littelfuse, Inc., USA, today entered into a definitive agreement on the sale of the Elmos wafer fab at the Dortmund site to Littelfuse. Elmos has agreed to sell the wafer fab at a net purchase price of approximately 93 million Euro. Under the agreement, Littelfuse will acquire the Dortmund wafer fab with a highly skilled technology team of approximately 225 employees. All other activities, including testing operations, will remain with Elmos.

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