Los Angeles, December 24, 2019 -A new report published by QY Research indicates that the global automotive domain control unit (DCU) market will expand as the global automotive industry is undergoing an overhaul. According to the 2018 report, the DCU market was evaluated at USD286 mn in the U.S. QY Research predicts that by the end of 2025, the market value of the DCU market will reach upto USD21.8 bn, expanding at CAGR of 85.77% between 2014 and 2025. The report is titled, “Global Automotive Domain Control Unit (DCU) Market Report, History and Forecast 2014-2025.”
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Development of Autonomous Vehicles to Boost Demand for DCUs in Forecast Years
The automotive industry will only grow bigger in the next few years, opening up many growth avenues for DCUs. At present, the autonomous vehicles are dependent on the decentralized units which function individually. For example, parking assistant which works on independent electronic control units (ECU) are hard coded. In future, the autonomous vehicles will primarily function on more centralized designs such as DCU that are capable of controlling multiple functions.
The DCU software is sophisticated than ECU software as it includes multiple functions like blind spot detection and parking sensor. Additionally, OEMs will be able to connect any other function to DCU by making a direct addition to the software instead of creating a new one. All of these factors are expected to bode well for the global DCU market.
Asia Pacific to Lead the DCU Market as Automotive Industry Developing Economies Strengths
According to the forecast, countries in Asia Pacific such as China and India are likely to hold a prominent share in the DCU market as they comprises the largest automobile market. China-based companies such as Neusoft, Desay SV, Cookoo etc are emerging in the DCU market as infrastructural developments and industrialisation have now opened gates of myriad opportunities.
Competitive Landscape in Global DCU Market
It has been observed that the top key players like Bosch, Veoneer, Continental, Neusoft Reach, Visteon, and Cookoo are primarily focusing on the geographical expansion, competitive segments, manufacturing and cost. According to the recent studies, the expected dominant player in this market is Continental, as it has new strategies for product development, supply, and expansion. The company has developed new product portfolios in terms of autonomous driving and excelled global presence to retain their position in market.
Top Players in DCU Market
The idea of global automotive domain control unit (DCU) market was first formulated by tier-1 distributors like Continental and Bosch. Moreover, the key companies are targeting product innovation to improve efficiency of existing and upcoming software for the automotive industry. Some of the players studied in this report for Automotive Domain Control Unit are Visteon, Neusoft Reach, Cookoo, Desay SV, Mssagna, and Veoneer.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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