System Basis Chip Market expected to be worth 28.39 Billion USD by 2022

(IT-NEWSWIRE.COM, April 13, 2019 ) 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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Passenger cars to lead the system basis chip market

The system basis chip market for passenger car is expected to hold the largest share between 2016 and 2022. The increasing demand for passenger cars promotes vehicle production that accelerates the global market for automotive semiconductor, especially in countries such as China, the U.S., Germany, South Korea, India, Mexico, and Brazil. The increase in vehicle production is expected to drive the market for cost and energy efficient solutions such as system basis chip.

Body electronics application market for system basis chip to grow at the highest rate 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 common body electronics applications include power windows, door controls, power seat controls, keyless entry, HVAC system controls, lighting systems, and steering angle measurement among others. SBCs turn out to be an effective and cost-efficient solution to be used on the printed circuit board (PCB) of these systems. The growing demand for LED lighting in automobiles is also expected to be a major driver for the system basis chip market..

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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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System Basis Chip Market expected to be worth 28.39 Billion USD by 2022