Multi Domain Controller Market to Grow at 25.7% CAGR and Projected to Reach USD 20.2 billion by 2030 - Top Technologies, Overview, Key Insights and Company Profiles

Report contains various levels of analysis, including multi domain controller market analysis, industry trends, & company profiles, which together comprise and discuss the basic views on emerging and high-growth segments of the multi domain controller market, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.

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The global multi domain controller market is projected to grow at a CAGR of 25.7% during the forecast period, from USD 1.3 billion in 2018 to USD 20.2 billion by 2030. The growing number of connected cars and electronic content per vehicle, and reinforcement of mandates by regulatory bodies for vehicle safety and comfort are driving the multi domain controller market.

ADAS & Safety segment of multi domain controller market is projected to grow at the highest CAGR during the forecast period. Developing countries such as China, Brazil, and India are currently formulating mandates for passenger safety in vehicles. These circumstances and social awareness have ensured the quick growth of the ADAS market. As these features keep growing with time, multi domain controllers will witness a lightning-fast growth for this application.

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North American region is estimated to grow at highest CAGR in the multi domain controller market during the forecast period. North American automotive industry is one of the most advanced industries in the world. It houses major OEMs such as Ford Motor, General Motors, and Fiat-Chrysler Automotive. North American Free Trade Agreement (NAFTA) has fostered the growth of the automotive industry in the region.

Key players in multi domain controller market are Continental AG (Germany), Visteon Corporation (US), Robert Bosch GmbH (Germany), Aptiv (Ireland), Panasonic Corporation (Japan), ZF Friedrichshafen AG (Germany), Faurecia (France), Magna International Inc. (Canada), Lear Corporation (US), Autoliv Inc. (Sweden). Continental is anticipated to be a dominant player in the multi domain controller market.

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Demand for automotive Multi Domain Controllers (MDCs) is also expected to rise in proportion to the production of fully autonomous vehicles due to their obvious advantages over ECUs such as centralized topologies and high bandwidth, which helps in simultaneously controlling all the functions in the vehicle.

Autonomous vehicles (L4-High Automation and L5-Full Automation) are those vehicles that do not require any human intervention for their functioning. The demand for such vehicles is expected to increase in the future as extensive R&D activities, and multiple strategic partnerships in the automotive industry have led to innovative developments that make them more reliable and sustainable.

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