According to the
MarketsandMarkets forecast, the System Basis Chip Market size, in terms of value, 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 units by 2022, at a CAGR of 11.8% between
2016 and 2022. The major growth drivers for the market include the increasing
vehicle production, increase in the use of electronics in vehicles, demand for
advanced safety, convenience, and comfort systems, and increasing focus on CO2
emission reduction from the vehicles.
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.
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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.
The APAC held a major share
of the system basis chip market, mainly because region has emerged as a major
automotive hub with a maximum market share in terms of vehicle production as
well as sales. The APAC held the largest share of the global market in 2015;
however, North America is the most promising region for the system basis chip
market and is expected to witness the highest CAGR because the region is one of
the most technologically advanced automotive sectors. The demand for premium
cars with high semiconductor content is more in the region.
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