Automotive Hypervisors Market Forecast and CAGR
According to latest research by Fact.MR, automotive hypervisors market is set to witness steady growth during 2021-2031. Demand for automotive hypervisors will witness steady recovery in short-term, with optimistic growth outlook in the long-run accounting more than 26.8% consumption share in North America. Strict safety regulations will cater the demand for automotive hypervisors. Further, growing semi-autonomous and fully autonomous vehicles is likely to foster the market growth.
What is Driving Demand for Automotive Hypervisors?
Since its inception, the automotive industry has been changing. Vehicles have undergone many changes over the years that have improved comfort, convenience, and protection. Various functionalities were embedded in these transformations through multiple hardware. This in turn increased the ownership cost and hampered customer’s pocket. Manufacturers has solved this problem through introduction of virtualization.
The ability of technology to perform desired features on a single embedded platform with a high-power processor is making modern problems easier to solve. Virtualization technology allows many programs and operating systems to share the resources of a single powerful processor. As a result, different functions in a modern vehicle, such as digital instrument clusters and infotainment, may operate independently of 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.
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Geographical Outlook of Global Automotive Hypervisors Market
The hypervisor market covers six major regions: North America, Latin America, Europe, East Asia, South East Asia & Oceania, and MEA. 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 MEA region countries like GCC, Turkey etc. is expected to balance the sales. Rest of the region is expected to have marginal growth which is likely to improve over next few decades.
COVID-19 Impact Outlook for Automotive Hypervisors Market
COVID-19 pandemic lockdown restricted man and material movement across many horizons. Various industries were hit hard and automotive industry was one among them.
Governments all over the world suspended production to fight the pandemic. The automotive industry was severely harmed as a result of this. Along with this, the population's disposable income fell, lowering demand for automobiles even further. As a result, fewer automotive hypervisors were sold. However, it was noted that during the pandemic, there was heightened consciousness of personal mobility, indicating that the auto industry is likely to recover. As a result, the demand for the desired product will increase.
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Segmental Analysis for Automotive Hypervisors Market
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 of the hardware to the hypervisors.
Type 2 hypervisor is known as “hosted hypervisor”. This technology is built in the sync with 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.
These technology is available to the customers either direct through OEM’s which provide them this technology in built or else it is available in the market as costumed designed or through aftermarket sales channel.
Who are the Key Manufacturers and Suppliers of Automotive Hypervisors?
Some of the leading manufacturers and suppliers of automotive hypervisors include
- Open Synergy GmbH
- SYSGO GmbH
- BlackBerry Limited
- Sasken Technologies Ltd.
- Green Hills Software
- Wind River Systems Inc.
- Siemens, Renesas Electronics Corporation
Automotive hypervisors demand is likely to be consolidated over the assessment regions. The manufacturers in the market are focusing on providing custom built 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 application.
An Adaptive Approach to Modern-day Research Needs
Automotive Hypervisors Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
- Bare Metal Hypervisors
- Hosted Hypervisor
By Vehicle Type
- IC engine Vehicle
By Sales Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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