Automotive Hypervisors Market

Automotive Hypervisors Market Outlook (2023 to 2033)

The automotive industry has evolved since it first began. The comfort, convenience, and safety of cars have all changed significantly throughout the years. These modifications included a variety of functionality thanks to various hardware. This thus raised the cost of ownership and hurt the customer's wallet. Manufacturers have found a solution to this issue by introducing virtualization.

The size of the autonomous vehicle market globally valued was USD 106 billion in 2021, the same is expected to surpass the size of USD 2.3 trillion by end of 2030. This is indicative of to rise in demand for automotive parts and so hypervisors in the forecast period.

Furthermore, the North American region is likely to increase consumption by 26.8% in the forecast duration due to the prevalence of stringent regulations in the automotive industry.

What are impelling factors pushing demand further?

Modern difficulties are becoming simpler to tackle as a result of technology's capacity to execute needed functionalities on a single embedded platform with a high-power processor. Several operating systems and apps can share the resources of a single powerful CPU thanks to virtualization technology. As a result, many components of a modern car, including entertainment and digital instrument displays, may work separately from one another.

Since this approach poses a number of operational and security risks, hypervisor technology is needed. This low-level virtualization software has enabled different hardware running multiple operating systems to share a single processor. The automotive industry is one of the most heavily regulated, requiring a high degree of protection. The demand for the target product is likely to increase during the assessment period, as the automotive industry is experiencing exponential growth in autonomous technology.

Moreover, there is anticipation regarding a rise in the automotive sector in terms of luxury cars in the forecast period. The luxury cars revenue at present is valued at USD 20,910 million in 2023. The market is further expected to grow with a CAGR of 2.63% in the forecast period resulting in USD 23,200 million by end of 2027. This estimation in the luxury car segment is expected to bring an upward growth trajectory in the market.

What are the challenges ahead of the automotive sector that is likely to impact the market?

The automotive industry is often exposed to phishing attacks majorly as hackers can potentially gain access to unlimited systems if their attack turns out into a success. The central control systems in autonomous vehicles can be affected due to right phishing attacks.

As driven by the acceleration of industry the electronic system in cars is continuously growing each day with more complexities. The electric driver assistance systems are targeted by hackers while planning cyber-attacks that affect overall operations. These threats can impact the market in the forecast period.

Segment wise Insights

Manufacturers offer two types of technology: type 1 and type 2. Bare metal hypervisors are a type 1 technology. These run directly on the hardware computer of the host, with no need for an operating system. This gives direct access to the hardware to the hypervisors.

Type 2 hypervisor is known as a “hosted hypervisor”. This technology is built in sync with the operating system. It is dependent on the operating system of the host computer. This technology is implemented as an operating system program that then operates on the host machine.

This technology is available to the customers either direct through OEM which provides them with this technology inbuilt or else it is available in the market as costume designed or through aftermarket sales channels.

Competitive Landscape

The market is anticipated to consolidate over the assessment time and regions. The manufacturers are focusing more on custom built-in technology tailored to their specific requirements. For instance, Open Synergy has developed COQOS hypervisor, a low complexity hypervisor embedded hypervisor for special fitting to automotive applications.

The key players in the sector are-

• Open Synergy GmbH
• HARMAN
• SYSGO GmbH
• BlackBerry Limited
• Sasken Technologies Ltd.
• Green Hills Software
• Wind River Systems Inc.
• Siemens, Renesas Electronics Corporation
• Qualcomn

Regional Outlook

In terms of technological growth, North America and Europe are expected to be in the lead. Historically, the United States and Europe have been the leading innovators in the field of automotive technology. Following the same direction, they have put a significant amount of money into technology creation and adoption. Since the region's next-generation technology growth is booming, it's expected that demand will skyrocket.

Since the Asia region is home to key technology developers and manufacturers such as China, Japan, South Korea, and Taiwan, the region is expected to grow significantly over time. Similarly, rising disposable income and consumer spending are propelling vehicle sales northwards, making Asia a key market for technology in the coming decade.

In the MEA region countries like GCC, Turkey, etc. are expected to balance the sales. The rest of the region is expected to have marginal growth which is likely to improve over the next few decades.

Recent Developments

• Jan 2023- Green hills and Infineon to collaborate for delivery of comprehensive automotive safety solutions. This partnership is expected for TRAVEO T2G MCU families. With these complete solutions, companies can deploy automotive applications with more ease.
• Dec 2022- Aptiv PLC has completed its acquisition of Wind River. Later is a global company dealing with the development of software for the intelligent edge. With the merger, the company is expected to unlock novel business models. This transformation is anticipated to drive the transformation to software defines vehicles.

Segmentation

• By Type :

  • Bare Metal
  • Hosted

• By Vehicle Type :

  • IC engine Vehicle
  • Electric

• By Sales Channel :

  • OEM
  • Aftermarket

• By Region :

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, and Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa