System Basis Chip Market Scope
Continues growth of the automobile industry, as well as growing adoption of electronics components in the automobile industry, will generate significant demand for system basis chips. In addition to this, the system basis chips which were already available in high-end cars are now being adopted by the economic automobile manufacturers. Increasing use of these chips has also minimized the global carbon dioxide (CO2) emission. Moreover, The rapid industrialization and urbanization in the regions have raised the standard of living of the people thus the demand for the technologically advanced cars has also increased that has improved safety features within it. The system basis chip is an electronic device which assists in regulating the voltage, power saving modes, transceivers, fail-safe input-outputs, and scalability. Also, with continued technological advancements and ongoing research and developments will further escalate the demand for system basis chips.
The market study is being classified by Type (Passenger Cars, LCVs, HCVs, AGVs and Autonomous Vehicles), by Application (Powertrain, Safety, Body Electronics, Chassis and Telematics & Infotainment) and major geographies with country level break-up. According to AMA, the Global System Basis Chip market is expected to see growth rate of 9.23% and may see market size of USD3385.41 Million by 2024.
The Players having a strong hold in the market are NXP Semiconductor NV, Infineon Technologies AG, Texas Instruments, and Robert Bosch. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global System Basis Chip market throughout the predicted period.
NXP Semiconductor NV (Netherlands), Infineon Technologies AG (Germany), Texas Instruments, Inc. (United States), Robert Bosch GmbH (Germany), STMicroelectronics NV (Switzerland), ON Semiconductor Corp. (United States), Atmel Corporation (United States), Microchip Technology Inc. (United States), Elmos Semiconductor AG (Germany) and Melexis Semiconductors (Belgium) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global System Basis Chip market by Type, Application and Region.
On the basis of geography, the market of System Basis Chip has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Upsurging Adoption of Electronics Vehicles across the Globe
- Increasing Demand for Technologically Enhanced Cars with Better Safety Provision
- Increasing Global Vehicle Consumption and Production
- Growing Use of Electronic Components in the Automobile Industry
- Increasing Demand for Convenient, Advanced Safety, and Comfort Systems
- Rising Focus on Minimizing CO2 Emission From Fuel Based Vehicles
- Higher Initial Investments in Small-and Medium-End Car Manufacturers Restricting Adoption of New Features
- Volatile Raw Material Prices leading to Changing Manufacturing Costs
- Continuously Changing Consumer Preferences as well as Depreciation of Oil Prices
Key Target AudienceRaw Material Suppliers, Semiconductor Component and Device Manufacturers, Original Equipment Manufacturers (OEMs), Component and Device Suppliers and Distributors, Automotive Control System Integrators, Automobile Manufacturers, Market Research and Consulting Firms, Government Agencies and Others
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