Category : Automotive, Transportation and Logistics | Published at : September-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for multi domain controller is expected to grow at a CAGR of around 24.7% from 2020 to 2027 and expected to reach the market value of around US$ 9,722.5 Mn by 2027.
Multi-Domain Controller (MDCs) or multi-domain control unit it’s an integrated electronic controller that improves functionalities and offers the electrically powered system of the vehicle bulk data to process for automated driving.
Market Dynamics
The rapid development of autonomous vehicles along with the advancement in connected solutions is driving the market growth. The increasing complexity of electrical and electronic architecture in modern vehicles is supporting the market value. The rising impositions of various governmental regulations related to vehicle safety are bolstering market growth. Furthermore, leveraging automotive software, varied types of hypervisor technologies, and multiple partnerships with companies having expertise in specific domains are some of the factors projected to create potential opportunities over the estimated period from 2020 to 2027.
On the other side, product and integration complexity from the manufacturer’s side, non-availability of skilled labor for high-speed communication links and automotive storage, and high entry barriers for startups are the factors expected to restrict the market growth over the period. Additionally, the challenges associated with the growth of multi-domain controller market in the forecast period include engineering design constraints, restructuring of teams to provide consolidated solutions, and lack of diligence in power consumption
Passenger Vehicle accounted for the maximum share (%) in the global market
By vehicle type, the passenger vehicle is a leading segment in the global market. The increasing demand of autonomous vehicles worldwide along with the advanced connected technology is favoring the segmental market value. Moreover, the segment is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The Asia Pacific region is majorly contributing to the regional market value (US$ Mn). The high demand and production of passenger vehicles in China are accelerating the segmental market value.
Asia Pacific accounted for the maximum share in the Multi-Domain Controller Market
In 2019, Asia Pacific accounted for the major revenue share (%) in the global market. The region is gaining pace on account of its emerging economies including China and India. The emerging economies of the region are involved in the high production of automotive vehicles. The increasing disposable income is further supporting the increased buying power of consumers in the regional market. Moreover, the region is further projected to maintain its dominance along with the fastest growth with major CAGR (%) over the forecast timeframe. The increasing investment in research and development activities by the manufacturers in the regional market for expanding their share as well as to take advantage of available opportunities is expected to support the regional market growth.
The players profiled in the report include Aptiv (Dublin, Ireland), Autoliv Inc. (Stockholm, Sweden), Continental AG (Hanover, Germany), Delphi Automotive LLP, Infineon Technologies AG (Neubiberg, Germany), Lear Corporation (Michigan, United States), Magna International Inc. (Aurora, Canada), Mobileye (Jerusalem, Israel), Panasonic Corporation (Osaka, Japan), Robert Bosch GmbH (Stuttgart, Germany), Sasken Technologies Limited ( Bengaluru, India), Tata Elxsi ( Bengaluru, India), Visteon Corporation (Michigan, United States), and ZF Friedrichshafen AG (Friedrichshafen, Germany). The major multi-domain controller players were involved in strategic developments for increasing the profit share in regional as well as global market. The major investments were announced for the technological advancements associated with the changing consumer demand for the multi-domain controller.
Market Segmentation
Market By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Market By Application
ADAS & Safety
Body & Comfort
Cockpit
Powertrain
Market By Propulsion Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Internal Combustion Engine (ICE)
Market By Bit Size
32-bit
64-bit
128-bit
Market By Geography
North America
- U.S
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The market for Multi Domain Controller is expected to reach a market value of around US$ 9,722.5 Mn by 2027.
The Multi Domain Controller market is expected to grow at a CAGR of around 24.7% from 2020 to 2027.
The passenger vehicle is the leading segment by vehicle type in the multi domain controller market.
The rapid development of autonomous vehicles, advancement in connected solutions, increasing complexity of electrical and electronic architecture in modern vehicles, and rising impositions of various governmental regulations related to vehicle safety are the key drivers of the global multi domain controller market.
Aptiv, Autoliv Inc., Continental AG, Delphi Automotive LLP, Infineon Technologies AG, Lear Corporation, Magna International Inc., Mobileye, Panasonic Corporation, Robert Bosch GmbH, Sasken Technologies Limited, Tata Elxsi, Visteon Corporation, and ZF Friedrichshafen AG are the prominent players in the market.
Asia Pacific held the highest market share in the multi domain controller market.
Asia Pacific is expected to be the fastest growing market over the forecast period.
