(EMAILWIRE.COM, December 22, 2018 ) The system basis chip market is expected to grow from USD 15.12 Billion in 2015 to USD 28.39 Billion by 2022, at a CAGR of 9.1% between 2016 and 2022. The system basis chip market size, in terms of volume, is expected to reach 31.19 billion units by 2022, at a CAGR of 11.8% between 2016 and 2022. This report provides the market size and future growth potential of the market across different segments such as vehicle type, application, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the market. The demand for system basis chip in automobiles is expected to increase owing to the increasing vehicle production and rising trend of vehicle electrification.

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The scope of this report covers the system basis chip market on the basis of vehicle types, applications, and geography. The system basis chip for passenger car segment is expected to hold the largest market share during the forecast period. The market for HCV segment is expected to grow at the highest rate during the forecast period.

The system basis chip market for passenger car held the largest size in terms of vehicle type in 2015. Passenger cars comprise sedans, hatchbacks, station wagons, sport utility vehicle (SUVs), multi-utility vehicles (MUVs), and vans. This is the most promising market for system basis chips owing to the fact that this is the largest segment in the automotive industry.

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The market for the body electronics application is also expected to gain momentum during the forecast period. Automotive body electronic applications are becoming increasingly complex as the demand for these systems extend to higher interaction between systems and the vehicle. The growing demand for LED lighting in automobiles is expected to be a major driver for the system basis chip market. The demand for LED lights for high-end cars and a few mid-range cars are rising significantly. LED has been widely used in many automotive dashboard backlighting, interior lighting, and brake lights. In addition, the luxury car manufacturers have significantly increased the usage of the LED lightings. The demand for SBCs containing LED drivers is expected to grow at a high rate during the forecast period.

APAC held the largest share of the system basis chip market in 2015

The APAC held the largest share of the system basis chip market in 2015 because the region has emerged as a major automotive hub with a maximum market share in terms of vehicle production as well as sales. The primary reason behind this trend is the growing Chinese automotive market. This market has evolved into the largest producer and consumer of automobiles across the globe. Apart from China, the other major country-level markets in the region include Japan, South Korea, and India.

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Some of the major players in the system basis chip market are NXP Semiconductor NV (Netherlands), Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), Robert Bosch GmbH (Germany), STMicroelectronics NV (Switzerland), ON Semiconductor Corp. (U.S.), Atmel Corporation (U.S.), Microchip Technology Inc. (U.S.), Elmos Semiconductor AG (Germany), and Melexis Semiconductors (Belgium) among others.

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