Market Size – The system-basis chip market size has grown strongly in recent years. It will grow from $24.58 billion in 2023 to $27.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to the expansion of the automotive sector, demand for integrated communication systems, rising demand for safety features, growth in fleet management solutions, and increasing focus on cybersecurity.
The system-basis chip market size is expected to see rapid growth in the next few years. It will grow to $39.58 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed increasing demand for electric vehicles, expansion of 5G connectivity, increasing disposable income, increasing integration of IoT devices, increasing demand for advanced safety. Major trends in the forecast period include increasing demand for automotive electronics, advancements in semiconductor technology, integration of AI and IoT in devices, expansion of 5g networks, and growing focus on energy-efficient solutions.
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Scope Of System Basis Chip MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
System Basis Chip Market Overview
Market Drivers –The rising adoption of electric vehicles is anticipated to drive the growth of the system-basis chip market in the future. Electric vehicles are automobiles powered by electric motors and rechargeable batteries or other energy storage devices instead of internal combustion engines that run on gasoline or diesel. The adoption of electric vehicles (EVs) is increasing due to several factors, including environmental concerns, expanded charging infrastructure, and government incentives. System basis chips play a crucial role in electric vehicles by enhancing efficiency, reducing power consumption, and enabling advanced features such as battery management and vehicle-to-grid communication through effective power distribution and communication management. For instance, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that over 2.3 million electric cars were sold in the first quarter of the year, representing a 25% increase from the previous year. Furthermore, by the end of 2023, sales are projected to reach 14 million, indicating a 35% year-on-year increase, with growth expected to accelerate in the latter half of the year. Thus, the rising adoption of electric vehicles is a key factor driving the growth of the system-basis chip market.
Market Trends – Major companies operating in the system-basis chip market are focused on developing automotive safety mini-controller area network flexible data-rate system basis chip (CAN FD SBC) devices to enhance vehicle communication reliability and ensure robust safety and diagnostic capabilities in modern automotive systems. Mini CAN FD SBC devices are specialized integrated circuits built for in-vehicle communication and safety purposes. They regulate and distribute power to various components of the vehicle’s electrical systems. For instance, in June 2024, NXP Semiconductors, a Netherlands-based semiconductor manufacturing company, launched the FS24 SBC. It is designed to ensure high reliability in safety-sensitive applications. It has a battery-connected switched-mode regulator that delivers up to 400 mA and a linear regulator that delivers up to 150 mA, allowing it to support a wide range of microcontrollers and communication devices efficiently. The CAN-FD interface enables high-speed data transmission, which is crucial for automobile communication networks. The chip is optimized for low power utilization, with advanced settings consuming less than 40 µA, making it ideal for battery-powered applications. The FS24 SBC supports applications such as digital key functionality, kid proximity detection, and kick-sensing for trunk access, which improves user convenience and safety.
The system basis chip market covered in this report is segmented –
1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Automated Guided Vehicles (AGVs), Autonomous Vehicles
2) By Functionality: Voltage Regulation, Diagnostic And Supervision, Drivers And Switches, Watch Dog Functions, Wake Up Logic, Power Switches, Other Functionalities
3) By Transmission Rate: 2 Megabits Per Second (MBitps), 5 Megabits Per Second (MBitps), Other Transmission Rates
4) By Current: 150 Milliampere (mA), 250 Milliampere (mA), 500 Milliampere (mA)
5) By Application: Powertrain, Safety, Body Electronics, Chassis, Telematics And Infotainment, Other Applications
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Regional Insights – North America was the largest region in the system basis chip market in 2023. The regions covered in the system basis chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Robert Bosch GmbH, Qualcomm Technologies Inc., Broadcom Inc., Micron Technology Inc., Toshiba Corporation, NVIDIA Corporation, Avnet Inc., Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Onsemi, Microchip Technology Inc., Marvell, Ams AG, ROHM CO. LTD., Xilinx Inc., Diodes Incorporated, Elmos Semiconductor SE
Table of Contents 1. Executive Summary2. System Basis Chip Market Report Structure3. System Basis Chip Market Trends And Strategies4. System Basis Chip Market – Macro Economic Scenario5. System Basis Chip Market Size And Growth…..27. System Basis Chip Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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