Automotive Multi-domain Controller Market

Automotive Multi-domain Controller Market Estimated to Surpass US$ 2.7 Bn,
Globally, by 2026
Transparency Market Research has released a new market report titled “Automotive
Multi-domain Controller Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2018–2026.” According to the report, the global automotive
multi-domain controller market is anticipated to expand at a CAGR of about 74%
during the forecast period.
Automotive multi-domain controller are high-speed computing equipment that let the
vehicle’s motorized system to process bulk data for automated driving. Automated
multi-domain controller curtails the space, power consumption, and complexity of the
electronic and electronic architecture by means of replacing numerous integrated
electronic control units. It is considered as an alternate solution to the prevalent
approach of tallying a dedicated electronic control unit for each and every new
function, feature, and operation within the vehicle.
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Key transformation taking place in automotive electronic and electrical engineering,
which impacts the electrical and electronic network architecture, is likely to affect
performance, cyber security, and connectivity of the automotive, which is a key
concern in the automotive industry. This transformation constitutes the amalgamation
of multiple function-specific electronic control modules or units into a dedicated
domain-based controller. This is a prime factor that is anticipated to drive the
automotive multi-domain controller market during the forecast period. Furthermore,
the advent of autonomous vehicle coupled with increasing number of connected cars
and electronic components per vehicle, and fortification of mandates by governing
and monitoring bodies for vehicle comfort, security, and safety are projected to boost
the automotive multi-domain controller market during the forecast period. However,
security of the automotive multi-domain controller supplemented with malfunction of
the equipment is likely to hamper the automotive multi-domain control market in the
near future, as one single mega electronic control unit leaves the automobile more
vulnerable to cyber-attack as compared to other multiple electronic control units. This
is likely to restrain the market during the forecast period.
Based on application, the advance driver assistance system (ADAS) & safety segment
leads the automotive multi-domain control market. This is majorly due to the high
demand for safety and comfort while driving. Additionally, stringent safety norms and
policies by regulatory bodies on security concerns have led to higher adoption of the
ADAS applications, which has drastically impacted and congested the modern
automobile system architecture.
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In terms of vehicle type, the passenger vehicle segment dominates the automotive
multi-domain controller market. Increase in demand for vehicle electrification in
passenger vehicles coupled with rising complexity and intricacy of electrical and
electronic architecture in these vehicles due to increasing number electronic control
units have fostered the development of automotive multi-domain controller for the
passenger vehicle segment. The segment is projected to expand at a significant CAGR
of about 72% during the forecast period.
In terms of propulsion type, the hybrid vehicle is a rapidly expanding segment of the
automotive multi-domain controller market. The segment is projected to expand at a
CAGR of 79.72 % during the forecast period. This is majorly attributed to severe
rules and regulations imposed to curb carbon emission by governing bodies and
preference for environment-friendly vehicles. Moreover, incentives and tax credit
offered on purchase of these vehicle has resulted in higher adoption of hybrid electric
vehicles. This, in turn is expected to boost the automotive multi-domain controller
market significantly during the forecast period.

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