Seattle, WA -- (SBWIRE) -- 12/18/2019 -- As per the latest research study published by Worldwide Market Reports, "Multi Domain Controller Market" is estimated to grow at a healthy CAGR % in the coming years. The research report showcases qualitative and quantitative estimations by the industry analysts. The report documents first-hand data, post verification from the industry experts along with each industry manufacturers by the market valuation. Multi Domain Controller Market report also gives an extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Global Multi Domain Controller Market was valued at US$ 1.25Bn in 2017 and is expected to reach US$ 9.65Bn by 2026, at a CAGR of 29.11% during a forecast period.
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The autonomous vehicle segment is expected to have the highest growth in the market, by level of autonomy, during the forecast period.
Autonomous vehicles (L4-High Automation and L5-Full Automation) are those vehicles that do not require any human intervention for their functioning. The demand for such vehicles is expected to increase in the future as extensive R&D activities, and multiple strategic partnerships in the automotive industry have led to innovative developments that make them more reliable and sustainable. The demand for automotive Multi Domain Controllers (MDCs) is also expected to rise in proportion to the production of fully autonomous vehicles due to their obvious advantages over ECUs such as centralized topologies and high bandwidth, which helps in simultaneously controlling all the functions in the vehicle.
Based on the Application, Cockpit segment is expected to hold the largest share in the market during the forecast period. The growing demand to provide an immersive user experience along with an immediate need to make driving safer and more secure, the next generation of Vehicle Dashboard electronics would necessitate merging of existing and upcoming features to offer a rich end-user experience. The automobile cockpit is fast transforming from an analog-only domain to a fully digital cockpit and is in fact increasingly referred to as eCockpit. The eCockpit coming up with loaded features with greater integration along with critical and highly useful benefits.
In Vehicle, Passenger Vehicle is also expected to lead the market growth. Increasing vehicle production has been changed dramatically over the past five years in these markets. In China as well as India, car makers can avoid hefty import duties by manufacturing locally, thus reducing the overall cost of buying a luxury car and widening the consumer reach.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. Asia-Pacific is emerging as a hub for production of automobiles, with the automotive sector accounting for the largest private sector investment in research & development in the region. Owing to low production cost, an increasing number of automobile manufacturers are shifting their manufacturing bases to the region. Southeast Asia's population is growing and increasingly motorized. Indonesia, Thailand, Malaysia, the Philippines, Vietnam and Singapore comprise one of the world's most promising for multi domain controller market.
Global Multi Domain Controller Market, By Vehicle Type
- Passenger Vehicle - Commercial Vehicle
Global Multi Domain Controller Market, By Application
- ADAS & Safety - Body & Comfort - Cockpit - Powertrain
Global Multi Domain Controller Market, By Propulsion Type
- BEV - HEV - ICE
Global Multi Domain Controller Market, By Bit Size
- 32-bit - 64-bit - 128-bit
The key players in the multi domain controller market are Continental AG (Germany), Visteon Corporation (US), Robert Bosch GmbH (Germany), Aptiv (Ireland), Panasonic Corporation (Japan), ZF Friedrichshafen AG (Germany), Faurecia (France), Magna International Inc. (Canada), Lear Corporation (US), Autoliv Inc. (Sweden).
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