System Basis Chip Market by Vehicle Type, Application, and Geography - Global Forecast to 2022

LONDON, Sept. 14, 2016 /PRNewswire/ -- "Growing demand for advanced safety, convenience, and comfort systems drives the system basis chip market"

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 by 2022, at a CAGR of 11.8% between 2016 and 2022. More electronic systems are being utilized to provide better safety, comfort, and convenience in the automobiles which is the major driver for the system basis chip market

"Telematics and Infotainment application was the largest market for system basis chip in 2015"
The infotainment and telematics systems in today's vehicles have multiple capabilities. They are interconnected with one another and with other systems such as GPS and entertainment systems. Automobile manufacturers use telematics that focus on the wireless connectivity to computer-based controllers called electronic control units . The increasing use of semiconductor components into the ECU creates an opportunity of a cost-effective and smart solution such as system basis chip.

"North American system basis chip market to grow at the highest CAGR"
North America holds a tremendous market potential in the near future and is expected to grow at the highest CAGR during the forecast period. The North American region is one of the most technologically advanced automotive sectors. The demand for premium cars with high semiconductor content is more in the region. This is mainly because of the high standard of living and high per capita income in the region. Furthermore, the government regulations pertaining to vehicle emissions and safety are very stringent. The demand for safe and secure vehicles with increased electronic contents would drive the growth of the system basis chip market in this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profile of primary participants is given below:
- By Company Type: Tier 1 - 55 %, Tier 2 - 20%, and Tier 3 - 25%
- By Designation: C-Level Executives - 75% and Managers - 25%
- By Region: APAC - 40%, Europe - 30%, The Americas - 20%, and RoW - 10%

Companies that provide a range of customized solutions are expected to emerge as the ame changers as customers find it easier to sync up with such devices for use in the specific industry. The major focus for the system basis chip market is on the automotive inductry.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/system-basis-chip-market-by-vehicle-type-application-and-geography---global-forecast-to-2022-300328358.html

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