DUBLIN–(BUSINESS WIRE)–The “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 – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global automotive hypervisor market is estimated to grow at a CAGR of 39.3% during the forecast period to reach USD 704 million by 2026 from an estimated USD 134 million in 2021.
Adoption of advanced features in vehicles and the rise in adoption of connected cars would drive the growth of the automotive hypervisor market. Also, virtualized hypervisor layer in in-vehicle infotainment reduces the complexity of the electrical architecture of vehicles. However, the lack of standard protocol to develop software platforms for automotive applications is a major restraint for the growth of the automotive hypervisor market.
However, the COVID-19 pandemic is expected to have a slight impact on the automotive hypervisor market. Both the production and sales of new vehicles had come to a halt in Q1 and Q2 of 2020 across the globe as the whole ecosystem had been disrupted. However, in the next two quarters, the sale of vehicles has been on the rise especially for passenger vehicles. OEMs had to wait until lockdowns were lifted to resume production, which affected their business. Post the pandemic, the demand for mass transportation would increase, as people would return to their workplace, and use public transportation. In addition, component manufacturing is also suspended, and small Tier II and Tier III manufacturers could face liquidity issues
Type 1 is the fastest growing segment in the automotive hypervisor market during the forecast period.
Type 1 is the fastest growing segment due to its simple architecture in the hardware which is attributed to its growth during the forecast period. The major advantage of type 1 hypervisor does not manipulate the hardware, unlike type 2 segment. Type 1 hypervisor helps in the high performance of the system application as the virtual layer interacts directly with the kernel. Thus, placing hardware, hypervisor, and the operating system making the operation more efficient in automotive applications. These factors are combinedly contributing to the fastest growth of type 1 segment of the automotive hypervisor market.
The passenger car segment is expected to dominate the automotive hypervisor market.
Intervention of innovative technologies in advanced user interface coupled with the integration of various automotive applications to support centralized function in the passenger car segment is fuelling the growth of the automotive hypervisor market. The software, as well as hardware content and onboard computer systems in passenger vehicles, are more compared to commercial vehicles. The connected passenger cars are expected to be the ultimate Internet of Things (IoT) in the coming years. These factors are majorly responsible for the anticipated growth of the passenger car segment in the automotive hypervisor market.
Asia Pacific is expected to record the fastest growth rate during the forecast period.
The Asia Pacific market is a vast geographical region comprising countries like Japan, China, India, South Korea, and Thailand. China is the largest producer of automobiles in the world. Recent infrastructure developments have boosted the passenger, light-duty and electric vehicle markets in the region. Furthermore, nearly all major OEMs have invested in the Chinese market, which is inclined toward small and affordable passenger vehicles. Also, the automotive industry in India is growing at a faster rate than many other countries in Asia Pacific. There has been an increase in the demand for luxury and mid-priced vehicles in the country over the past decade. 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. In addition to this, countries like Japan, South Korea, and Thailand are again pushing the growth of the automotive hypervisor market in the region.
Market Dynamics
Drivers
Integration of Various Automotive Applications to Support Centralized Function Increasing Complexity of Electrical/Electronic (E/E) Architecture in Modern Vehicles Increasing Use of Innovative Technologies in Advanced User Interface Increasing Adoption of Connected Cars and Advanced Automotive Technologies Restraints
Lack of Standard Protocols to Develop Software Platforms for Automotive Applications Lower Implementation of Technology in Economy Vehicles Opportunities
Leveraging Automotive Software for Embedded Hypervisors Advanced Embedded Technology is the Key for Semi-Autonomous and Autonomous Cars Consolidation of EcUS Challenges
Impact of Hardware on Power Management Risk of Cybersecurity in Connected Vehicles Companies Mentioned
Bitdefender Blackberry Continental Denso Green Hills Software Hangsheng Technology Harman IBM Kpit Luxoft Nutanix NXP Opensynergy Panasonic Qt Company Qualcomm Renesas Sasken Siemens Sysgo Tata Elxsi Texas Instruments Visteon Vmware Wind River Systems For more information about this report visit https://www.researchandmarkets.com/r/srfmr8