System Basis Chip Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2033

As per Persistence Market Research, the global market for system basic chips will reach US$ 62 billion by 2033. According to forecasts, the market is expected to grow by 8.1% between 2023 and 2033.

As electric and hybrid cars gain popularity worldwide, there is a significant demand for the expansion of the global system-based chip (SBC) market. This market's expansion is also being driven by increasing demand from emerging nations such as India and China. Moreover, chip fabrication technology is expected to progress, enhancing the capabilities of fundamental chips in the years to come.

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To meet the requirements of emerging technologies like artificial intelligence, fundamental chip systems can integrate specialized accelerators. These accelerators not only enhance the efficiency of AI-related computations but also facilitate swifter and more precise execution of AI workloads using tensor processing units (TPUs). Basic chip systems are expected to incorporate even more capabilities in the future, driven by the push for smaller, energy-efficient devices. This shift has the potential to enhance performance and decrease power consumption by consolidating CPUs, GPUs, and memory onto a single chip.

Advanced chip architectures may improve energy efficiency and performance in future basic chip systems. The use of neuromorphic or quantum-inspired architectures could make AI and machine learning computations faster and more efficient.

As part of the European Union's plan to boost domestic semiconductor production, a €43 billion bid has been finalized. The European Commission announced that it had entered into a provisional agreement to implement the European Chips Act, with the goal of increasing the European Union's semiconductor market share from 10 to 20 percent by 2020. Europe is about to undergo a real revolution in the semiconductor industry with the new rules.

Key Takeaways from Market Study

The system basic chip market for passenger cars is expected to grow at an 8% CAGR by 2033.

System basic chip revenue in the United States is expected to reach US$ 8.7 billion by 2033.

The system basic chip market for body electronics is expected to grow by 7.9% by 2033

China is projected to account for 52% of all systems basic chips in 2033.

System basic chips are expected to generate US$ 1.6 billion by 2033 in the United Kingdom.

According to forecasts, Japan will hold a 32% CAGR in the system basic chip market from 2023 to 2033.

Between 2023 and 2033, PMR forecasts the system basic chip system market to grow at a CAGR of 8.1%.

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Key Market Players :

NXP Semiconductors N.V.
Infineon Technologies
Texas Instruments Incorporated
Robert Bosch GmbH
STMicroelectronics N.V.
Onsemiconductor Corp.
Microchip Technology
Melexis N.V.
Elmos Semiconductor AG
Market Key Segments

By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Autonomous Vehicles, Automated Guided Vehicles)

By Application
Power Train (Engine Control Module, Hev/Ev Motor, Transmission)

Safety (Airbags, Electronic Stability Control, Adaptive Cruise Control, Night Vision, Tire Pressure Monitoring System, Parking Assistance)

Body Electronics (Body Control Modules, Door Control Unit, Led Lighting, Mirror & Window Control, Hvac System)

Chassis (Brake Control Module, Steering Control Module, Suspension Control Module, Traction Control Module, Vehicle Dynamics Management)

Telematics & Infotainment (Dashboards, Navigation, Connectivity Devices, Audio-Video Systems)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)

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This release was published on openPR.