Summary
Major players in the multi-domain controller market are Continental AG, Aptiv Plc., ZF Friedrichshafen AG, Infineon Technologies AG, Lear Corporation, Mobileye, Panasonic Corporation, Magna International Inc., Robert Bosch, Tata Elxsi, Sasken Technologies Limited, Visteon Corporation, Texas Instruments Incorporate, NXP Semiconductors, Hitachi Ltd., and Valeo.
The global multi-domain controller market is expected to grow from $2.71 billion in 2022 to $3.54 billion in 2023 at a compound annual growth rate (CAGR) of 30.4%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The multi-domain controller market is expected to reach $9.76 billion in 2027 at a CAGR of 28.9%.
The multi-domain controller market includes revenues earned by entities by providing improved vehicle durability, reliability, efficiency, and cost-effectiveness.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
Multi-domain controller refers to high-end microprocessors that drive multiple features and functions in a vehicle. These are used in vehicles to provide the necessary computing power to run the driver cluster, infotainment system, and other user interfaces for the vehicle.
Asia-Pacific was the largest region in the multi-domain controller market in 2022. The regions covered in multi-domain controller report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main bus systems of the multi-domain controller are controller area network (can) and can fd(controller area network flexible data rate), ethernet, flexray, and local interconnect network (lin).A controller area network (CAN) refers to a system of communication designed for vehicle-to-vehicle communication that enables real-time communication between numerous microcontrollers and other sorts of devices without the need for a host computer.
The various bit sizes include 32-bit, 64-bit, and 128-bit, that are used in heavy commercial vehicles, light commercial vehicles, and passenger cars. These are used in various applications such as advanced driver-assistance system (adas) and safety, body and comfort, cockpit, and powertrain.
Rising demand for automated vehicles is significantly contributing to the growth of the multi-domain controller market going forward.Automated vehicles refer to a vehicle that can sense their surroundings and function without human intervention.
Multi-domain controller is used in automated vehicles to efficiently manage the massive amounts of complex data required to make automated features work well in the vehicle.For instance, in 2023, according to data published by Capgemini, a France-based information technology services company, autonomous cars are expected to be 15 percent of the total global car sales, and 95 million autonomous cars are expected to be sold annually by 2035.
Therefore, the rising demand for automated vehicles will drive the multi-domain controller market.
Product innovation is the key trend gaining popularity in the multi-domain controller market.Major companies operating in the multi-domain controller market are focusing on boosting the computing power of their multi-domain controller offerings.
For instance, in January 2023, ZF Friedrichshafen, a Germany-based automotive company launched a multi-domain capable edition of the ZF ProAI high-performance controller.The new multi-domain controller can enable ADAS, infotainment, or chassis functionality on different boards that are domain-based.
It can even run two operating systems at the same time, such as Android Auto for infotainment and QNX for ADAS functions. Despite its compact 12x6x2 inch package, the new multi-domain edition ZF ProAI has a very high energy efficiency of 5 TOPS per watt.
In October 2020, BorgWarner Inc. a US-based automotive supplier acquired Delphi Technologies for $3.3 billion. The acquisition positions BorgWarner to feature a broader range of industry-leading propulsion technologies and systems for combustion, hybrid, and electric vehicles. Delphi Technologies is a UK-based automotive company, including multi domain controller.
The countries covered in the multi-domain controller market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The multi-domain controllers market research report is one of a series of new reports that provides multi-domain controllers market statistics, including multi-domain controllers industry global market size, regional shares, competitors with a multi-domain controllers market share, detailed multi-domain controllers market segments, market trends, and opportunities, and any further data you may need to thrive in the multi-domain controller’s industry. This multi-domain controllers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
