Automotive Hypervisor Market by Type, Level of Autonomous Driving, End User, and Region

Automotive Hypervisor Market by Type (Type 1 & Type 2), Vehicle Type (PC, LCV & HCV), End User (Economy, Mid-Priced & Luxury), Level of Autonomous Driving (Autonomous & Semi-Autonomous (Level 1, 2 & 3), Bus System, and Region

The global Automotive Hypervisor Market shows significant projected growth at a CAGR of 39.3% during the forecast period to reach $704 million by 2026 from an estimated $134 million in 2021.

Integration of various automotive applications to support centralized functions and increasing the adoption rate of connected cars would drive the growth of the automotive hypervisor market by 2026. The embedded hypervisor technology provides virtual hardware abstraction for different automotive functions to be operated at the same time. The hypervisor is an embedded technology that has been widely used for in-vehicle infotainment applications in the automotive industry.

The major players in Automotive Hypervisor Market are Siemens (Mentor Graphics) (Germany), Green Hills Software (US), Wind River System (US), Blackberry (Canada), Renesas (Japan), Sasken (India), Continental (Germany), and NXP (The Netherlands).

The growth of the automotive hypervisor market is majorly driven by the sales of high-end premium cars globally, as the hypervisor technology is majorly equipped in luxury passenger cars. A luxury-class passenger car has more electronic content compared to economy and middle-class passenger cars. The typical features integrated into embedded hypervisor technology include cockpit electronic functions such as infotainment, instrument cluster, and HMI. The high demand for advanced safety features from consumers, coupled with the regulations and mandates related to emissions, is driving the growth of the automotive hypervisor technology market globally. To eradicate the complexity associated with heavy electrical architecture inside the vehicle, hypervisor technology is adopted on a large scale by vehicle manufacturers.

Download PDF Brochurehttps://www.marketsandmarkets.com/pdfdownloadNew.asp?id=124958216 

Virtualization technology is presently adopted in passenger cars and is estimated to be the largest market in the vehicle type segment. The LCV segment is expected to be equipped with the technology by 2022 in the market study. The number of connected passenger vehicles is more compared to commercial vehicles installed with hypervisor technology, which has resulted in a greater market share. Also, connected passenger cars are expected to be the ultimate Internet of Things (IoT) in the coming years which further boosts the hypervisor market. A majority of in-vehicle systems and an increasingly wide range of external networks such as Wi-Fi, cellular, and the internet are driving the market for automotive hypervisors in the passenger car segment.

The automotive hypervisor market in the Asia Pacific is estimated to be the largest during the forecast period. High production of passenger cars in the region to cater to the consistently increasing demand for vehicles is highly responsible for the growth of the automotive hypervisor market. China is the largest producer of automobiles in the world. Furthermore, nearly all major OEMs have invested in the Chinese market, which is inclined toward small and affordable passenger vehicles. There has been an increase in the demand for luxury and mid-priced vehicles over the past decade in the countries like India, Japan, South Korea, and Thailand. Since the automotive market is highly driven by cost, most of the advanced automotive electronics are found in high-end vehicles. However, OEMs such as Suzuki and Hyundai are now offering advanced electronic applications in their mid-segment vehicle variants, which will drive the demand for the automotive hypervisor market in the future.

The type 1 segment is estimated to be the largest segment of the automotive hypervisor market, by type, owing to the most common and widely accepted type of product for high-end passenger cars globally. The major advantage of a Type 1 hypervisor is that it enables customers to build highly compartmentalized systems that can be tailored to specific requirements. Some OEMs are developing type 1 hypervisors such that they are designed as low-complexity embedded hypervisors especially fitting automotive applications. The safety properties rely highly on a systems supervisor component. For instance, OpenSynergy has developed the COQOS hypervisor which takes advantage of hardware virtualization. Standardized, high-performance communication interfaces and protocols are also required to support the growing volume of data shared across automotive networks.

Request FREE Sample Reporthttps://www.marketsandmarkets.com/requestsampleNew.asp?id=124958216

The semi-autonomous vehicles segment is estimated to be the largest segment of the automotive hypervisor market, by the level of autonomous driving. The increasing rate of adoption of safety and convenience features in vehicles is driving the growth of the semi-autonomous market. Advance features installed in almost all vehicles as a mandate or option are expected to support the adoption of an increasing number of virtual machines in vehicles. Countries are investing on a high scale in the development of this technology. For instance, the European Union has funded research on auto road transport as a priority in the Horizon 2020 Transport Research Programme which is an EU funding program for research and innovation in multi-national collaboration transport projects.

The major factor driving this growth is the increasing complexity of electrical-electronic architecture in modern vehicles thereby, driving the automotive hypervisor market. Also, the intervention of innovative technologies in advanced user interfaces and the growing need for reducing the number of ECUs inside the vehicles would further drive the automotive hypervisor market.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/automotive-hypervisor-market-124958216.html