Multi Domain Controllers Global Strategic Industry Report 2024: Market to Reach $8.4 Billion by 2030 - Domain Controller Evolves to Become the Brain of Self-Driving Vehicles - ResearchAndMarkets.com

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Global Multi Domain Controllers Market to Reach $8.4 Billion by 2030

The global market for Multi Domain Controllers, estimated at US$3.9 Billion in the year 2023, is projected to reach a revised size of US$8.4 Billion by 2030, growing at a CAGR of 10.2% over the analysis period 2023-2030.

The automotive industry is witnessing a significant transformation with the integration of multi-domain controllers, which are revolutionizing vehicle control systems. These controllers combine multiple functions into a single unit, enhancing efficiency and performance. Despite recent disruptions, the global economic outlook remains positive for automobile production. This encouraging outlook bodes well for the multi-domain controllers market, as vehicle production continues to recover and grow.

Cockpit Electronics, one of the application segments analyzed in the report, is projected to record 9.5% CAGR and reach US$3 Billion by the end of the analysis period. Growth in the ADAS & Safety application segment is estimated at 12.3% CAGR for the next 8-year period. The production of global light vehicles is projected to increase from 2019 through 2025, indicating a robust recovery and expansion in the automotive sector. This growth is expected to drive demand for advanced automotive technologies, including multi-domain controllers.

The increasing impetus on using automated technologies is fueling the demand for multi-domain controllers. Key technology trends in the automotive domain controllers market include the rising production of luxury vehicles equipped with advanced and complex technologies. This trend is expected to further drive market growth.

The rise in automobile electronification and the need for effective management of complex electronic architectures are supporting market gains. The increasing electronic content in automobiles necessitates the effective management of complex electronics, further driving the demand for multi-domain controllers.

The U.S. Market is Estimated at $685.2 Million, While China is Forecast to Grow at 13% CAGR

Asia-Pacific is set to spearhead market growth for multi-domain controllers, driven by the region's significant automotive production capabilities and rising demand for advanced vehicle technologies. The competitive landscape for multi-domain controllers in 2023 will feature key global competitors, with percentage market shares highlighting the leading players.

The Multi Domain Controllers market in the U.S. is estimated at US$685.2 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030, trailing a CAGR of 13% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 8.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.3% CAGR.

Key Attributes:

MARKET OVERVIEW

• Multi Domain Controllers: Transforming Automotive Control
• Global Economic Update
• Encouraging Outlook for Automobile Production Despite Disruptions Bodes Well for the Market
• Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
• Global Market Outlook
• Asia-Pacific to Spearhead Market Growth
• Competition
• Multi Domain Controllers - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Recent Market Activity

MARKET TRENDS & DRIVERS

• Increasing Impetus on Using Automated Technologies Fuel Demand for Multi-Domain Controllers
• Key Technology Trends in the Automotive Domain Controllers Market
• Rising Production of Luxury Vehicles with Advanced & Complex Technologies to Fuel Market Growth
• Global Luxury Cars Market in US$ Billion for the Years 2022, 2024, 2026 and 2028
• Rise in Automobile Electronification and Need for Effective Management of Complex Electronic Architecture Support Market Gains
• Increasing Electronic Content in Automobiles & the Resultant Need for Effective Management of Complex Electronics to Drive Market: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
• Vehicle Electrification Trend and Rise in Adoption of Electric and Hybrid Vehicles to Boost Market Growth
• Growing Vehicle Electrification Expands the Opportunity for the Market: Global Market for Vehicle Electrification (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Multi Domain Controllers Become Vital for Autonomous Vehicles
• Autonomous Vehicles Commercialization & Technology Penetration Timeline
• Domain Controller Evolves to Become the Brain of Self-Driving Vehicles
• ADAS/AD Domain Controllers Market in China
• As Connected Vehicles Rise in Popularity, Need for Seamless Connectivity Fuels Demand for Domain Controllers
• Global Connected Car Shipments Breakdown by Country/Region for 2022
• Increasing Penetration of ADAS & Safety Features in Vehicles: Potential for Growth
• Global Advanced Driver Assistance System (ADAS) Market Size in US$ Billion for the Years 2021, 2023, 2025 & 2027
• Advent of Next Generation Cockpit Electronics Enhances Need for Multi Domain Controllers
• Global Automotive Cockpit Electronics Market in US$ Million by Region/Country for 2020 and 2027
• Significance of Connectivity Domain Controller in Vehicles
• Implementation of Vehicle Safety Regulations by Governments Worldwide Enhances Need for Multi Domain Controllers
• Functional Safety Measures in the ISO Standard 26262

FOCUS ON SELECT PLAYERS (Total 31 Featured)

• Aptiv PLC
• Continental AG
• Magna International Inc.
• Panasonic Automotive Systems Co., Ltd.
• Robert Bosch GmbH
• Sasken Technologies Limited
• Tata Elxsi
• Visteon Corporation
• Wind River Systems, Inc.
• ZF Friedrichshafen AG

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