22 March 2021
Visiongain has published a new report on Multi Domain Controller Market Report to 2031: Forecasts by Vehicle Category (Passenger Vehicles and Commercial Vehicles) By Application (ADAS & Safety, Body & Comfort, Cockpit, Powertrain) By Bus System (32 bit, 64 bit, 128 bit) By Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and IC Engine). PLUS Profiles of Leading Multi Domain Controller Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Multi Domain Controller market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The market is anticipated to witness positive growth over the forecast period, despite the disruptions created by COVID-19 in the year 2020.
COVID-19 Impact on Multi Domain Controller Market
COVID-19 negatively severely impacted the Multi Domain Controller market. The industry remained the one of the worst-hit due to a number of factors. Firstly, the announcement of nation-wide lockdown across major countries across the globe brought the passenger mobility to standstill, zeroing down the need of mobility services and the resultant sales of new vehicles. The supply chain disruptions and the situational/strategic production halts announced by OEMs significantly affected the Tier 1, Tier 2 suppliers with high inventory. This in turn has adversely affected the profitability of the companies.
Amid all the odds that COVID-19 has made to the multi domain controller industry, there are several factors which are anticipated to work in favor of the players in the market. The focus of OEMs and other tech companies on key pillars of next-gen mobility such as connected and autonomous cars is expected to significantly drive the demand for multi domain controllers. The growing global and regional focus on the adverse effect of tail-pipe emission and the implications of stricter emission norms to curb these emissions by implementing on-board devices in vehicles will also drive the demand. Apart from emissions, companies and regional governments are also keeping safety as a top priority and this in turn is anticipated to drive the demand for multi domain controllers.
Major opportunity exists for players in the area of electric connected cars and autonomous vehicles application motors. The increasing push by government to manufacture safer vehicles will require significant need for multi domain controllers. Opportunity exists both in passenger vehicle segment as well as two-wheeler segment. Suppliers should look forward to partnerships with OEMs in connected and autonomous vehicle projects to secure their space in the future mobility solutions.
Some of the company’s profiled in this report include TATA ELXSI, Visteon Corporation, Robert Bosch GmbH, Continental AG, Sasken Technologies Ltd, Delphi Technologies, Mobileye, NVIDIA Corporation, Infineon Technologies AG, KRONO-SAFE. Additional companies in the market includes NXP Semiconductors, Autoliv Inc., ZF Friedrichshafen AG, Texas Instruments Incorporated, Faurecia, Panasonic Corporation, Lear Corporation, Aptiv PLC, Magneti Marelli Spa, Texas Instruments and Others.
Notes for Editors
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