The Multi Domain Controller Market is projected to grow from USD 1.3 billion in 2018 to USD 20.2 billion by 2030, at a CAGR of 25.7% during the forecast period.
Posted May 5,2019 in Science and Technology.
The Multi Domain Controller Market is projected to grow from USD 1.3 billion in 2018 to USD 20.2 billion by 2030, at a CAGR of 25.7% during the forecast period. The demand for enhanced safety, convenience, and comfort features in automobiles is growing. These rapid changes compel auto manufacturers to alter their electronic architecture repetitively in order to stay competitive in the market. These continuous additions to the powertrain, HEV/EV, chassis, advanced driver assistance, and infotainment systems are expected to drive the growth of the multi domain controller market.
The key players in the multi domain controller market are Continental AG (Germany), Visteon Corporation (US), Robert Bosch GmbH (Germany), Aptiv (Ireland), Panasonic Coporation (Japan), ZF Friedrichshafen AG (Germany), Faurecia (France), Magna International Inc. (Canada), Lear Corporation (US), and Autoliv Inc. (Sweden). These players have adopted various growth strategies such as partnerships, agreements, and collaborations and new product launches to further expand their presence in the global multi domain controller market. Partnerships and new product launches have been the most dominating strategies adopted by major players from 2015 to 2018, which helped them innovate their offerings and broaden their customer base.
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Continental AG (Germany) is a leading player in the multi domain controller market. In October 2017, Elektrobit (EB), a fully-owned subsidiary of Continental, announced the development of its new software line-up—EB Corbos. The new line-up will enable car manufacturers to build complex and powerful ECUs required for connected and autonomous driving capabilities. The high-performance controllers are powered by a multi-core processor, which is expected to see increased centralization and greater complexity. Also, in March 2017, Continental developed a new control unit featuring a powerful multicore processor for all models of the new Mercedes E-Class. The unit controls all the communication between the powertrain's various control units, and it can also assume the control functions of other devices.
Visteon (US) adopted the strategy of supply contracts to strengthen its market position. In September 2018, Visteon Corporation’s SmartCore made its debut in Daimler’s all-new Mercedes-Benz A-Class. In April 2018, Visteon Corporation entered into a contract to provide a SmartCore-based integrated cockpit domain controller to Geely Auto for its new electric vehicle platform. The SmartCore system for Geely will integrate Geely’s GKUI intelligent ecosystem service solution for advanced cloud-based infotainment capabilities in addition to the instrument cluster and head-up display features. In May 2017, Visteon won a contract for its SmartCore domain controller for the variant of a light vehicle platform from Dongfeng. The domain controller will be delivered with an integrated central information display and a Thin-Film Transistor (TFT) instrument cluster.
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