Automotive Safety Domain Control Unit Market to be dominated by Passenger Car through 2027
Increasing sales of electric vehicles and rising demand for
automotive safety systems are expected to drive the demand of global automotive
safety domain control unit market in the forecast period, 2023-2027.
According
to TechSci Research report, “Automotive Safety Domain Control Unit Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”,
the global automotive safety domain
control unit market is anticipated to grow at a steady rate in the forecast
period, 2023-2027. The intense competition among the market players is making
automobile manufacturers integrate a greater number of electronics in
automobiles to improve the overall driving experience. The presence of
automotive safety domain control unit makes the system in automobiles more
integrated due to its powerful hardware computing ability and advanced
software, which supports the integration of a larger number of functional
modules. Increasing sales of light commercial vehicles and the growing
purchasing power of consumers are driving the global automotive safety domain
control unit market sales.
However,
disruption in the supply chain may hinder the growth of the global automotive
safety domain control unit market in the forecast period.
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The
global automotive safety domain control unit market is segmented by vehicle
type, demand category, domain, competitional landscape, and regional
distribution.
Based on the vehicle type, the global
automotive safety domain control unit market is divided into passenger car and
commercial vehicles. The commercial vehicle segment is expected to witness the
fastest incremental growth in the forecast period, 2023-2027. Rapid ongoing
trade activities and the development of e-commerce platforms are driving the
demand for commercial vehicles across the globe. Integration of safety features
in commercial vehicles improves the driving experience for drivers, and the
launch of novel commercial vehicle models is expected to accelerate the growth
of the global automotive safety domain control unit market.
Based on the demand category, the global
automotive safety domain control unit market is bifurcated into OEM and
replacement. The OEM segment is anticipated to witness the growth of the
highest CAGR in the next five years. OEMs use advanced technologies to
manufacture automotive safety domain control units and produce quality
products. The increasing use of automotive safety domain control units in level
3 autonomous vehicles for better comfort and greater convenience is expected to
boost the growth of the global automotive safety domain control unit market.
Based on the domain, the global
automotive safety domain control unit market is divided into infotainment,
driver information, camera/driver monitor, and others. The infotainment segment
is expected to hold the largest market share in the predicted period. Growing
demand for entertainment in vehicles and integration of advanced features is
bolstering the sales of infotainment systems around the globe.
Based on the regional analysis, the
Asia-pacific region holds the largest market share and is expected to witness
significant growth opportunities in the forecast period. The flourishing
automotive industry is accelerating the sales of automobiles which in turn is
driving the demand for automotive safety domain control units. Market players
are adopting improved safety features and advanced electronics such as drive
mode selectors, camera modules, advanced telematics for real-time processing,
windshield HUDs in automobiles to stay ahead in the market.
Major market players operating in global
automotive safety domain control unit market are :
- Visteon Corporation
- Continental AG
- Robert Bosch GmbH
- Veoneer Inc.
- ZF Friedrichshafen AG
- Aptiv PLC
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“Increasing disposable income of
consumers, changing lifestyle, and rise in the working population are driving
the demand for luxury automobiles around the globe. Advancements in technology
in driver monitoring systems, advanced driver assistance systems, connected
cars, autonomous vehicles are driving the demand for automotive safety domain
control units all around the globe. The growing number of market players to
enhance the user driving experience, active safety and support a wide range of
functions in vehicles and increasing government regulations to add basic safety
systems in automobiles are expected to propel the global automotive safety
domain control unit market growth till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Automotive Safety Domain
Control Unit Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027, Segmented By Vehicle
Type (Passenger Car, Commercial Vehicle), By Demand Category (OEM vs
Replacement), By Domain (Infotainment, Driver Information, Camera/Driver
Monitor, Others), and By Region”, has evaluated the future
growth potential of global automotive safety domain control unit and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global automotive safety domain control unit
market.
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