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世界の車載用従来型パワートレイン IC市場予測(~2028年):エンジンマネージメントIC、オルタネーターレギュレーター、定電流制御IC

• 英文タイトル:Global Automotive Conventional Powertrain IC Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028

GlobalInfoResearchが調査・発行した産業分析レポートです。世界の車載用従来型パワートレイン IC市場予測(~2028年):エンジンマネージメントIC、オルタネーターレギュレーター、定電流制御IC / Global Automotive Conventional Powertrain IC Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2028 / GIR-22F6893資料のイメージです。• レポートコード:GIR-22F6893
• 出版社/出版日:GlobalInfoResearch / 2022年11月
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レポート概要
「Global Automotive Conventional Powertrain IC Market 2022」レポートは、世界の市場規模、地域および国レベルの市場規模、セグメント市場の成長性、市場シェア、競争環境、販売分析、国内および世界の市場プレーヤーの影響、バリューチェーンの最適化、最近の動向、機会分析、市場成長の戦略的な分析、製品発売、地域市場の拡大などに関する情報を提供します。
グローバルインフォリサーチ社の最新の調査によると、世界の車載用従来型パワートレイン ICの市場規模は2021年のxxx米ドルから2028年にはxxx米ドルと推定され、xxx%の成長率で成長すると予想されます。

車載用従来型パワートレイン IC市場はタイプ(種類)とアプリケーション(用途)によって区分されます。2017年~2028年において、量と金額の観点からタイプ別およびアプリケーション別セグメントの売上予測データを提供します。この分析は、適格なニッチ市場をターゲットにすることでビジネスを拡大するのに役立ちます。

タイプ別セグメントは次をカバーします。
・エンジンマネージメントIC、オルタネーターレギュレーター、定電流制御IC

アプリケーション別セグメントは次のように区分されます。
・乗用車、商用車

世界の車載用従来型パワートレイン IC市場の主要な市場プレーヤーは以下のとおりです。
・Infineon Technologies AG、NXP Semiconductors、Renesas Electronics Corp、Texas Instruments、STMicroelectronics、Onsemi、Microchip Technology、Micron Technology、Samsung Electronics、ABB Group、Toshiba Corporation、IXYS Corporation、Semikron International GmbH、Mitsubishi Electric Corp.、Fuji Electric Co. Ltd.

地域別セグメントは次の地域・国をカバーします。
・北米市場(米国、カナダ、メキシコ)
・ヨーロッパ市場(ドイツ、フランス、イギリス、ロシア、イタリア)
・アジア太平洋市場(日本、中国、韓国、インド、東南アジア、オーストラリア)
・南米市場(ブラジル、アルゼンチン、コロンビア)
・中東・アフリカ市場(サウジアラビア、UAE、エジプト、南アフリカ)

本調査レポートの内容は計15章あります。
・第1章では、車載用従来型パワートレイン IC製品の調査範囲、市場の概要、市場の成長要因・阻害要因、および市場動向について説明します。
・第2章では、主要な車載用従来型パワートレイン ICメーカーの企業概要、2019年~2022年までの車載用従来型パワートレイン ICの価格、販売量、売上、市場シェアを掲載しています。
・第3章では、主要な車載用従来型パワートレイン ICメーカーの競争状況、販売量、売上、世界市場シェアが重点的に比較分析されています。
・第4章では、2017年~2028年までの地域別車載用従来型パワートレイン ICの販売量、売上、成長性を示しています。
・第5、6章では、2017年~2028年までの車載用従来型パワートレイン ICのタイプ別とアプリケーション別の市場規模、市場シェアと成長率を掲載しています。
・第7、8、9、10、11章では、2017年~2022年までの世界の主要国での販売量、売上、市場シェア、並びに2023年~2028年までの主要地域での車載用従来型パワートレイン IC市場予測を収録しています。
・第12章では、主要な原材料、主要なサプライヤー、および車載用従来型パワートレイン ICの産業チェーンを掲載しています。
・第13、14、15章では、車載用従来型パワートレイン ICの販売チャネル、販売業者、顧客、調査結果と結論、付録、データソースなどについて説明します。

***** 目次(一部) *****

・市場概要
- 車載用従来型パワートレイン ICの概要
- タイプ別分析(2017年vs2021年vs2028年):エンジンマネージメントIC、オルタネーターレギュレーター、定電流制御IC
- アプリケーション別分析(2017年vs2021年vs2028年):乗用車、商用車
- 世界の車載用従来型パワートレイン IC市場規模・予測
- 世界の車載用従来型パワートレイン IC生産能力分析
- 市場の成長要因・阻害要因・動向
・メーカー情報(企業概要、製品概要、販売量、価格、売上)
- Infineon Technologies AG、NXP Semiconductors、Renesas Electronics Corp、Texas Instruments、STMicroelectronics、Onsemi、Microchip Technology、Micron Technology、Samsung Electronics、ABB Group、Toshiba Corporation、IXYS Corporation、Semikron International GmbH、Mitsubishi Electric Corp.、Fuji Electric Co. Ltd.
・メーカー別市場シェア・市場集中度
・地域別市場分析2017年-2028年
・タイプ別分析2017年-2028年:エンジンマネージメントIC、オルタネーターレギュレーター、定電流制御IC
・アプリケーション別分析2017年-2028年:乗用車、商用車
・車載用従来型パワートレイン ICの北米市場分析
- 車載用従来型パワートレイン ICの北米市場:タイプ別市場規模2017年-2028年
- 車載用従来型パワートレイン ICの北米市場:アプリケーション別市場規模2017年-2028年
- 主要国別市場規模:アメリカ、カナダ、メキシコなど
・車載用従来型パワートレイン ICのヨーロッパ市場分析
- :車載用従来型パワートレイン ICのヨーロッパ市場:タイプ別市場規模2017年-2028年
- :車載用従来型パワートレイン ICのヨーロッパ市場:アプリケーション別市場規模2017年-2028年
- 主要国別市場規模:ドイツ、イギリス、フランス、ロシア、イタリアなど
・車載用従来型パワートレイン ICのアジア太平洋市場分析
- 車載用従来型パワートレイン ICのアジア太平洋市場:タイプ別市場規模2017年-2028年
- 車載用従来型パワートレイン ICのアジア太平洋市場:アプリケーション別市場規模2017年-2028年
- 主要国別市場規模:中国、日本、韓国、インド、東南アジア、オーストラリアなど
・車載用従来型パワートレイン ICの南米市場分析
- 車載用従来型パワートレイン ICの南米市場:タイプ別市場規模2017年-2028年
- 車載用従来型パワートレイン ICの南米市場:アプリケーション別市場規模2017年-2028年
- 主要国別市場規模:ブラジル、アルゼンチンなど
・車載用従来型パワートレイン ICの中東・アフリカ市場分析
- 車載用従来型パワートレイン ICの中東・アフリカ市場:タイプ別市場規模2017年-2028年
- 車載用従来型パワートレイン ICの中東・アフリカ市場:アプリケーション別市場規模2017年-2028年
- 主要国別市場規模:サウジアラビア、トルコ、エジプト、南アフリカなど
・原材料および産業チェーン
・販売チャネル、流通業者・代理店、顧客リスト
・調査の結果・結論

The Automotive Conventional Powertrain IC market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Automotive Conventional Powertrain IC market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during forecast period 2022-2028. Passenger Vehicle accounting for % of the Automotive Conventional Powertrain IC global market in 2021, is projected to value USD million by 2028, growing at a % CAGR in next six years. While Engine Management IC segment is altered to a % CAGR between 2022 and 2028.
Global key manufacturers of Automotive Conventional Powertrain IC include Infineon Technologies AG, NXP Semiconductors, Renesas Electronics Corp, Texas Instruments, and STMicroelectronics, etc. In terms of revenue, the global top four players hold a share over % in 2021.
Market segmentation
Automotive Conventional Powertrain IC market is split by Type and by Application. For the period 2017-2028, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type, covers
Engine Management IC
Alternator Regulator
Constant Current Control IC
Market segment by Application can be divided into
Passenger Vehicle
Commercial Vehicle
The key market players for global Automotive Conventional Powertrain IC market are listed below:
Infineon Technologies AG
NXP Semiconductors
Renesas Electronics Corp
Texas Instruments
STMicroelectronics
Onsemi
Microchip Technology
Micron Technology
Samsung Electronics
ABB Group
Toshiba Corporation
IXYS Corporation
Semikron International GmbH
Mitsubishi Electric Corp.
Fuji Electric Co. Ltd.
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automotive Conventional Powertrain IC product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Automotive Conventional Powertrain IC, with price, sales, revenue and global market share of Automotive Conventional Powertrain IC from 2019 to 2022.
Chapter 3, the Automotive Conventional Powertrain IC competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automotive Conventional Powertrain IC breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2017 to 2028.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2022.and Automotive Conventional Powertrain IC market forecast, by regions, type and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Automotive Conventional Powertrain IC.
Chapter 13, 14, and 15, to describe Automotive Conventional Powertrain IC sales channel, distributors, customers, research findings and conclusion, appendix and data source.

レポート目次

1 Market Overview
1.1 Automotive Conventional Powertrain IC Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Automotive Conventional Powertrain IC Revenue by Type: 2017 Versus 2021 Versus 2028
1.2.2 Engine Management IC
1.2.3 Alternator Regulator
1.2.4 Constant Current Control IC
1.3 Market Analysis by Application
1.3.1 Overview: Global Automotive Conventional Powertrain IC Revenue by Application: 2017 Versus 2021 Versus 2028
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Global Automotive Conventional Powertrain IC Market Size & Forecast
1.4.1 Global Automotive Conventional Powertrain IC Sales in Value (2017 & 2021 & 2028)
1.4.2 Global Automotive Conventional Powertrain IC Sales in Volume (2017-2028)
1.4.3 Global Automotive Conventional Powertrain IC Price (2017-2028)
1.5 Global Automotive Conventional Powertrain IC Production Capacity Analysis
1.5.1 Global Automotive Conventional Powertrain IC Total Production Capacity (2017-2028)
1.5.2 Global Automotive Conventional Powertrain IC Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Automotive Conventional Powertrain IC Market Drivers
1.6.2 Automotive Conventional Powertrain IC Market Restraints
1.6.3 Automotive Conventional Powertrain IC Trends Analysis
2 Manufacturers Profiles
2.1 Infineon Technologies AG
2.1.1 Infineon Technologies AG Details
2.1.2 Infineon Technologies AG Major Business
2.1.3 Infineon Technologies AG Automotive Conventional Powertrain IC Product and Services
2.1.4 Infineon Technologies AG Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.2 NXP Semiconductors
2.2.1 NXP Semiconductors Details
2.2.2 NXP Semiconductors Major Business
2.2.3 NXP Semiconductors Automotive Conventional Powertrain IC Product and Services
2.2.4 NXP Semiconductors Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.3 Renesas Electronics Corp
2.3.1 Renesas Electronics Corp Details
2.3.2 Renesas Electronics Corp Major Business
2.3.3 Renesas Electronics Corp Automotive Conventional Powertrain IC Product and Services
2.3.4 Renesas Electronics Corp Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.4 Texas Instruments
2.4.1 Texas Instruments Details
2.4.2 Texas Instruments Major Business
2.4.3 Texas Instruments Automotive Conventional Powertrain IC Product and Services
2.4.4 Texas Instruments Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.5 STMicroelectronics
2.5.1 STMicroelectronics Details
2.5.2 STMicroelectronics Major Business
2.5.3 STMicroelectronics Automotive Conventional Powertrain IC Product and Services
2.5.4 STMicroelectronics Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.6 Onsemi
2.6.1 Onsemi Details
2.6.2 Onsemi Major Business
2.6.3 Onsemi Automotive Conventional Powertrain IC Product and Services
2.6.4 Onsemi Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.7 Microchip Technology
2.7.1 Microchip Technology Details
2.7.2 Microchip Technology Major Business
2.7.3 Microchip Technology Automotive Conventional Powertrain IC Product and Services
2.7.4 Microchip Technology Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.8 Micron Technology
2.8.1 Micron Technology Details
2.8.2 Micron Technology Major Business
2.8.3 Micron Technology Automotive Conventional Powertrain IC Product and Services
2.8.4 Micron Technology Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.9 Samsung Electronics
2.9.1 Samsung Electronics Details
2.9.2 Samsung Electronics Major Business
2.9.3 Samsung Electronics Automotive Conventional Powertrain IC Product and Services
2.9.4 Samsung Electronics Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.10 ABB Group
2.10.1 ABB Group Details
2.10.2 ABB Group Major Business
2.10.3 ABB Group Automotive Conventional Powertrain IC Product and Services
2.10.4 ABB Group Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.11 Toshiba Corporation
2.11.1 Toshiba Corporation Details
2.11.2 Toshiba Corporation Major Business
2.11.3 Toshiba Corporation Automotive Conventional Powertrain IC Product and Services
2.11.4 Toshiba Corporation Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.12 IXYS Corporation
2.12.1 IXYS Corporation Details
2.12.2 IXYS Corporation Major Business
2.12.3 IXYS Corporation Automotive Conventional Powertrain IC Product and Services
2.12.4 IXYS Corporation Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.13 Semikron International GmbH
2.13.1 Semikron International GmbH Details
2.13.2 Semikron International GmbH Major Business
2.13.3 Semikron International GmbH Automotive Conventional Powertrain IC Product and Services
2.13.4 Semikron International GmbH Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.14 Mitsubishi Electric Corp.
2.14.1 Mitsubishi Electric Corp. Details
2.14.2 Mitsubishi Electric Corp. Major Business
2.14.3 Mitsubishi Electric Corp. Automotive Conventional Powertrain IC Product and Services
2.14.4 Mitsubishi Electric Corp. Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.15 Fuji Electric Co. Ltd.
2.15.1 Fuji Electric Co. Ltd. Details
2.15.2 Fuji Electric Co. Ltd. Major Business
2.15.3 Fuji Electric Co. Ltd. Automotive Conventional Powertrain IC Product and Services
2.15.4 Fuji Electric Co. Ltd. Automotive Conventional Powertrain IC Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
3 Automotive Conventional Powertrain IC Breakdown Data by Manufacturer
3.1 Global Automotive Conventional Powertrain IC Sales in Volume by Manufacturer (2019, 2020, 2021, and 2022)
3.2 Global Automotive Conventional Powertrain IC Revenue by Manufacturer (2019, 2020, 2021, and 2022)
3.3 Key Manufacturer Market Position in Automotive Conventional Powertrain IC
3.4 Market Concentration Rate
3.4.1 Top 3 Automotive Conventional Powertrain IC Manufacturer Market Share in 2021
3.4.2 Top 6 Automotive Conventional Powertrain IC Manufacturer Market Share in 2021
3.5 Global Automotive Conventional Powertrain IC Production Capacity by Company: 2021 VS 2022
3.6 Manufacturer by Geography: Head Office and Automotive Conventional Powertrain IC Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Automotive Conventional Powertrain IC Market Size by Region
4.1.1 Global Automotive Conventional Powertrain IC Sales in Volume by Region (2017-2028)
4.1.2 Global Automotive Conventional Powertrain IC Revenue by Region (2017-2028)
4.2 North America Automotive Conventional Powertrain IC Revenue (2017-2028)
4.3 Europe Automotive Conventional Powertrain IC Revenue (2017-2028)
4.4 Asia-Pacific Automotive Conventional Powertrain IC Revenue (2017-2028)
4.5 South America Automotive Conventional Powertrain IC Revenue (2017-2028)
4.6 Middle East and Africa Automotive Conventional Powertrain IC Revenue (2017-2028)
5 Market Segment by Type
5.1 Global Automotive Conventional Powertrain IC Sales in Volume by Type (2017-2028)
5.2 Global Automotive Conventional Powertrain IC Revenue by Type (2017-2028)
5.3 Global Automotive Conventional Powertrain IC Price by Type (2017-2028)
6 Market Segment by Application
6.1 Global Automotive Conventional Powertrain IC Sales in Volume by Application (2017-2028)
6.2 Global Automotive Conventional Powertrain IC Revenue by Application (2017-2028)
6.3 Global Automotive Conventional Powertrain IC Price by Application (2017-2028)
7 North America by Country, by Type, and by Application
7.1 North America Automotive Conventional Powertrain IC Sales by Type (2017-2028)
7.2 North America Automotive Conventional Powertrain IC Sales by Application (2017-2028)
7.3 North America Automotive Conventional Powertrain IC Market Size by Country
7.3.1 North America Automotive Conventional Powertrain IC Sales in Volume by Country (2017-2028)
7.3.2 North America Automotive Conventional Powertrain IC Revenue by Country (2017-2028)
7.3.3 United States Market Size and Forecast (2017-2028)
7.3.4 Canada Market Size and Forecast (2017-2028)
7.3.5 Mexico Market Size and Forecast (2017-2028)
8 Europe by Country, by Type, and by Application
8.1 Europe Automotive Conventional Powertrain IC Sales by Type (2017-2028)
8.2 Europe Automotive Conventional Powertrain IC Sales by Application (2017-2028)
8.3 Europe Automotive Conventional Powertrain IC Market Size by Country
8.3.1 Europe Automotive Conventional Powertrain IC Sales in Volume by Country (2017-2028)
8.3.2 Europe Automotive Conventional Powertrain IC Revenue by Country (2017-2028)
8.3.3 Germany Market Size and Forecast (2017-2028)
8.3.4 France Market Size and Forecast (2017-2028)
8.3.5 United Kingdom Market Size and Forecast (2017-2028)
8.3.6 Russia Market Size and Forecast (2017-2028)
8.3.7 Italy Market Size and Forecast (2017-2028)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Automotive Conventional Powertrain IC Sales by Type (2017-2028)
9.2 Asia-Pacific Automotive Conventional Powertrain IC Sales by Application (2017-2028)
9.3 Asia-Pacific Automotive Conventional Powertrain IC Market Size by Region
9.3.1 Asia-Pacific Automotive Conventional Powertrain IC Sales in Volume by Region (2017-2028)
9.3.2 Asia-Pacific Automotive Conventional Powertrain IC Revenue by Region (2017-2028)
9.3.3 China Market Size and Forecast (2017-2028)
9.3.4 Japan Market Size and Forecast (2017-2028)
9.3.5 Korea Market Size and Forecast (2017-2028)
9.3.6 India Market Size and Forecast (2017-2028)
9.3.7 Southeast Asia Market Size and Forecast (2017-2028)
9.3.8 Australia Market Size and Forecast (2017-2028)
10 South America by Region, by Type, and by Application
10.1 South America Automotive Conventional Powertrain IC Sales by Type (2017-2028)
10.2 South America Automotive Conventional Powertrain IC Sales by Application (2017-2028)
10.3 South America Automotive Conventional Powertrain IC Market Size by Country
10.3.1 South America Automotive Conventional Powertrain IC Sales in Volume by Country (2017-2028)
10.3.2 South America Automotive Conventional Powertrain IC Revenue by Country (2017-2028)
10.3.3 Brazil Market Size and Forecast (2017-2028)
10.3.4 Argentina Market Size and Forecast (2017-2028)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Automotive Conventional Powertrain IC Sales by Type (2017-2028)
11.2 Middle East & Africa Automotive Conventional Powertrain IC Sales by Application (2017-2028)
11.3 Middle East & Africa Automotive Conventional Powertrain IC Market Size by Country
11.3.1 Middle East & Africa Automotive Conventional Powertrain IC Sales in Volume by Country (2017-2028)
11.3.2 Middle East & Africa Automotive Conventional Powertrain IC Revenue by Country (2017-2028)
11.3.3 Turkey Market Size and Forecast (2017-2028)
11.3.4 Egypt Market Size and Forecast (2017-2028)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2028)
11.3.6 South Africa Market Size and Forecast (2017-2028)
12 Raw Material and Industry Chain
12.1 Raw Material of Automotive Conventional Powertrain IC and Key Manufacturers
12.2 Manufacturing Costs Percentage of Automotive Conventional Powertrain IC
12.3 Automotive Conventional Powertrain IC Production Process
12.4 Automotive Conventional Powertrain IC Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Automotive Conventional Powertrain IC Typical Distributors
13.3 Automotive Conventional Powertrain IC Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer