TechSci Research’s report titled “Global Automotive Safety Domain Control Unit Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2023-2027″ predicts that the market for automotive safety domain control units will grow steadily in the forecast period. Competition among market players is leading to an increased integration of electronics in automobiles, thereby improving the driving experience. The presence of safety domain control units in automobiles supports the integration of more functional modules due to its powerful hardware computing ability and advanced software, making the system more integrated. The sales of light commercial vehicles and the growing purchasing power of consumers are driving the global automotive safety domain control unit market sales, but the disruption in the supply chain may hinder its growth in the forecast period.
The global automotive safety domain control unit market is segmented based on vehicle type, demand category, domain, competitive landscape, and regional distribution. The vehicle type segment is divided into passenger cars and commercial vehicles, with the latter expected to witness the fastest incremental growth due to ongoing trade activities and the development of e-commerce platforms. The demand category segment is divided into OEM and replacement, with the former expected to witness the highest CAGR in the next five years due to the increasing use of automotive safety domain control units in level 3 autonomous vehicles. The domain segment is divided into infotainment, driver information, camera/driver monitor, and others, with the infotainment segment expected to hold the largest market share in the predicted period due to the growing demand for entertainment in vehicles.
The Asia-Pacific region holds the largest market share and is expected to witness significant growth opportunities in the forecast period due to the flourishing automotive industry. Market players are adopting improved safety features and advanced electronics in automobiles such as drive mode selectors, camera modules, advanced telematics for real-time processing, and windshield HUDs to stay ahead in the market.
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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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