Dublin, Dec. 02, 2022 (GLOBE NEWSWIRE) -- The "Automotive Safety Domain Control Unit Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Vehicle Type, By Demand Category, By Domain, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global automotive safety domain control unit market is projected to register growth at a formidable CAGR during the forecast period, 2023-2027
The market growth can be attributed to the increasing implementation of strict safety regulations and standards to prevent road accidents and the flourishing automotive industry.
A multi-core microprocessor with an automotive safety domain control unit is appropriate for integrating intricate passive and active features. The automotive safety domain control unit manufacturers are upgrading and increasing their compatibility in accordance with requirements due to rapid development and the adoption of novel solutions by the automotive industry.
As an electronic node of the vehicle network, it comprises high bandwidth interfaces for the necessary data exchange and offers a choice of integration and flexibility possibilities.
The safety domain control unit can be customized to meet the customer's needs. It provides a platform for integrating extra safety features such as active rollover sensing, pedestrian protection, pedestrian protection, vehicle dynamics sensing (sensor cluster), and crash impact sound sensing.
Auto manufacturers are adding safety measures to vehicles due to the surge in traffic accidents across the world and the number of persons dying or suffering severe injuries from these accidents. To reduce the likelihood of traffic accidents and improve passenger safety, several top authorities have enforced tight safety standards and laws, which have accelerated the adoption of safety measures in cars.
Market participants are making significant investments in R&D to incorporate safety features into vehicles and modernize the current safety infrastructure, which is anticipated to open up the lucrative potential for expanding the global automotive safety domain control unit market.
There is a significant need for the ongoing technical developments in the automotive sector and the shifting preferences of automakers to incorporate technology that improves consumer safety, comfort, and convenience. Over a million automated vehicles with levels 1, 2, and 3 were sold globally in 2020.
Strong sales of autonomous vehicles due to rising consumer spending power, rapid urbanization, and the construction of cutting-edge transportation infrastructure are driving the growth global automotive safety domain control unit market . Installing a safety domain control unit is necessary for autonomous vehicles to experience and provide passengers capabilities like path planning, decision-making and control, high-speed communication, localization multi-sensor fusion, and others.
The commercial vehicle segment is expected to dominate the global automotive safety domain control unit market owing to rapid ongoing trade activities and the development of e-commerce platforms.
Key players operating in the global automotive safety domain control unit are Continental AG, Valeo Group, Siemens Automotive Systems Corp., Strattec Security Corporation,Texas Instruments, among others.
Objective of the Study:
To analyze the historical growth in the market size of the global automotive safety domain control unit from 2017 to 2021.
To estimate and forecast the market size of global automotive safety domain control unit market from 2023 to 2027 and growth rate until 2027.
To classify and forecast the global automotive safety domain control unit market based on vehicle type, demand category, domain, region, and company.
To identify the dominant region or segment in the global automotive safety domain control unit market.
To identify drivers and challenges for the global automotive safety domain control unit market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive safety domain control unit market.
To identify and analyze the profiles of leading players operating in the global automotive safety domain control unit market.
To identify key sustainable strategies adopted by market players in global automotive safety domain control unit market.
Company Profiles: Detailed analysis of the major companies present in global automotive safety domain control unit market.
Robert Bosch GmbH
ZF Friedrichshafen AG
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Automotive Safety Domain Control Unit Market, By Vehicle Type:
Automotive Safety Domain Control Unit Market, By Demand Category:
Automotive Safety Domain Control Unit Market, By Domain:
Automotive Safety Domain Control Unit Market, By Region:
Europe & CIS
Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/de39q
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