Emerging Trends to Drive System Basis Chip Market Growth at 9.4% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

System Basis Chip Market Size Growth Forecast: What to Expect by 2025?
In recent years, the system basis chip market size has seen substantial growth. It is projected to increase from $27.01 billion in 2024 to $29.32 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. The growth during the historical period is attributed to several factors including the growth of the automotive sector, increased demand for integrated communication systems and safety features, expansion in fleet management solutions, and heightened focus on cybersecurity.

How Will the System Basis Chip Market Size Evolve and Grow by 2029?
Predictions suggest a robust growth in the system basis chip market size in the upcoming years, with an estimate of reaching $41.99 billion by 2029, progressing at a compound annual growth rate (CAGR) of 9.4%. The anticipated growth over the prediction timeframe is fueled by factors such as the escalating demand for electric vehicles, the broadening of 5G connectivity, the surge in disposable income, the intensified integration of IoT devices, and the rising demand for advanced safety measures. The forecast period will notice major trends like the amplified demand for automotive electronics, breakthroughs in semiconductor technology, the incorporation of AI and IoT in devices, the spread of 5G networks, and an increased concentration on energy-efficient resolutions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/system-basis-chip-global-market-report

What Drivers Are Propelling the Growth of System Basis Chip Market Forward?
The growth of the system-basis chip market is anticipated to be driven by the increasing adoption of electric vehicles. Unlike traditional cars powered by gasoline or diesel, electric vehicles operate on electric motors and rechargeable batteries or other energy storage units. Various elements, including concern for the environment, enhanced charging facilities, and governmental incentives, contribute to the rising adoption of electric vehicles (EVs). System basis chips in EVs facilitate enhanced efficiency, reduced energy consumption, and the introduction of advanced features such as battery control and vehicle-to-grid communication by managing power distribution and communication. For example, the International Energy Agency, based in France, reported in July 2023 that over 2.3 million electric cars had been sold in the year's first quarter. This reflected a 25% increase from the previous year. Furthermore, by the close of 2023, electric car sales are projected to hit 14 million, indicating a 35% growth year-on-year, with the pace quickening in the latter half of the year. Consequently, the system-basis chip market is being propelled by the surging adoption of electric vehicles.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18752&type=smp

What Are the Key Trends Driving System Basis Chip Market Growth?
System-basis chip market's significant players are prioritizing the development of automotive safety mini-controller area network flexible data-rate system basis chips (CAN FD SBC), aiming to improve communication reliability in vehicles and ensure enhanced safety and diagnostic features in contemporary automotive systems. These devices, also known as Mini CAN FD SBC, are specialized integrated circuits designed specifically for car communication and safety. They manage and supply power to different elements within the car's electrical system. For example, the FS24 SBC was launched by NXP Semiconductors, a semiconductor manufacturing firm based in the Netherlands, in June 2024. It is engineered for high reliability in safety-critical applications and features a battery-connected switched-mode regulator delivering up to 400 mA and a linear regulator providing up to 150 mA, which allows it to efficiently support a broad spectrum of microcontrollers and communication devices. The CAN-FD interface promotes high-speed data transmission, a vital aspect of vehicle communication systems. It also optimizes low power usage, with its advanced settings consuming less than 40 μA, showcasing its suitability for battery-powered applications. The FS24 SBC enables applications like digital key functionality, child proximity detection, and kick-sensing for trunk access, thereby boosting user safety and convenience.

What Are the Key Segments in the System Basis Chip Market?
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

Subsegments:
1) By Passenger Cars: Electric Passenger Cars, Internal Combustion Engine (ICE) Passenger Cars, Hybrid Passenger Cars
2) By Light Commercial Vehicles (LCVs): Pickup Trucks, Vans, Minivans
3) By Heavy Commercial Vehicles (HCVs): Trucks, Buses, Trailers
4) By Automated Guided Vehicles (AGVs): Automated Forklifts, Automated Tow Trucks, Automated Material Handling Vehicles
5) By Autonomous Vehicles: Fully Autonomous Passenger Vehicles, Autonomous Delivery Vehicles, Autonomous Shuttles Or Transport Vehicles

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18752&type=smp

Who Are the Key Players Shaping the System Basis Chip Market's Competitive Landscape?
Major companies operating in the system basis chip 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

What Geographic Markets Are Powering Growth in the System Basis Chip Market?
North America was the largest region in the system basis chip market in 2024. The regions covered in the system basis chip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18752

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.