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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