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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