Pune, India, March 08, 2022 (GLOBE NEWSWIRE) -- Automotive Hypervisor market size is projected to reach to USD 1,475.7 million in 2028, at a CAGR of 37.6%. The global Automotive Hypervisor market size was USD 137.1 million in 2020. Increasing awareness for in-vehicle safety & comfort along with rising sales of luxury vehicles and mid-sized cars are expected to boost the market during the forecast period. Additionally, increasing use of software will increase the footprint of the market.
Sector to be Pummeled due to Production Delays & Volatility in Supply Chains
The COVID-19 impact had a severe impact various sectors of the global trade and the sector of automotive hypervisor is no different. Constantly imposed lockdowns produced several halts in the supply chains leading to production delays. Restriction on movement of people also posed the leading players in the market to operate at less than 100% operational capacity. Volatility in raw material pricing will further decrease the market value during the forecast period. However, with vaccine literacy improving during 2021, the sale of luxury vehicles is expected to pick up. Dominant players worldwide have started to operate at an optimal rate, thereby diminishing the demand-supply vacuum.
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| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2021 to 2028 CAGR | 37.6% |
| 2028 Value Projection | USD 1,475.7 Million |
| Base Year | 2020 |
| Market Size in 2020 | USD 137.1 million |
| Historical Data for | 2017-2019 |
| No. of Pages | 200 |
| Segments covered | Vehicle Type, Type, Level of Automation and Region |
| Growth Drivers | Increasing Use Of Software And Adoption Of Advanced Automotive Technologies to Augment Growth |
| Rising Use Of Embedded Virtualization Technology in Automotive Will Drive Market |
Market Growth Drivers:
Increasing Use of Embedded Virtualization Technology in Cars to Augment Growth
Factors such as integrating virtualization technology in automobiles gives the ability to control infotainment, digital instrument cluster & safety features, and growing economic condition that will boost the automotive hypervisor market growth. Additionally, rising customer demand and improving technological innovation will increase the footprint of the market during the forecast period. Also, favorable government regulations will further push the boundaries for the market toward a new horizon.
However, rising cost of installations and maintenance will hinder the growth of the market during the forecast period. Also, increasing software troubleshooting for different applications and the fact that this technology is mostly employed in luxury vehicles and high-end models will limit the market growth.
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Automotive Hypervisor Market Segments Analysis
- By vehicle type, the market can be divided into passenger car and commercial vehicle.
- On the basis of type, the market can be branched into type 1 and type 2.
- With respect to automation, the market can be segmented into semi-autonomous and fully autonomous.
- In terms of geography, the market can be categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Regional Insights:
Asia Pacific to Hold Largest Market Share due to Increased Adoption Of Advanced Technologies. Asia Pacific will witness the fastest growing automotive hypervisor market share during the forecast period due to rising production of vehicles and increasing adoption of advanced technologies. Additionally, rising luxury vehicle sales and increasing technological developments will boost the market in the region.
Europe will hold a significant market share in terms of global contribution owing to rising vehicular production and increasing adoption of technology in IC engines. Also, the presence of established key players in the region will boost the market growth.
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Competitive Landscape:
The automotive hypervisor sector is highly consolidated with the presence of a large number of players. The dominant players are striving to capture maximum revenue by presenting novel products for their consumer base. Other players are collaborating with likeminded organizations to accelerate product development activities. For example, in November 2020, GuardKnox announced a partnership with Green Hills Software for targeting the next-generation E/E architecture for software-defined and service-oriented vehicles with the highest security. This partnership is expected to overcome challenges faced by current vehicles of integrating with advanced hardware and software.
The Report Lists the Key Companies in the Global Market
- Siemens AG (Munich, Germany)
- Green Hills Software (California, U.S.)
- Windriver System (Alameda, U.S.)
- BlackBerry Ltd (Waterloo, Canada)
- Renesas (Tokyo, Japan)
- Sasken (Bangalore, India)
- Continental (Hanover, Germany)
- Harman (Stamford, U.S.)
- Hangsheng Technology GmbH (Berlin, Germany)
- IBM Corporation (New York, U.S)
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Global Automotive Hypervisor Market Segmentation:
By Vehicle Type:
- Passenger Car
- Commercial Vehicle
By Type:
- Passenger Car
- Commercial Vehicle
By Level of Automation:
- Semi-Autonomous
- Fully Autonomous
By Geography
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
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Table Of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Developments - Merger, Acquisitions, and Partnerships
4.2 Porter’s Five Forces Analysis
4.3 PEST Analysis
4.4 Technological Developments
4.5 Impact of COVID-19
5. Global Automotive Hypervisor Market Analysis, Insights and Forecast, 2017-2028
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Vehicle Type
5.2.1 Passenger Car
5.2.2 Commercial Vehicle
5.3. Market Analysis, Insights and Forecast – By Type
5.3.1 TYPE 1
5.3.2 TYPE 2
5.4 Market Analysis, Insights and Forecast – By Level Of Automation
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1 North America
5.5.2 Europe
5.5.3 Asia Pacific
5.5.4 Rest of the World
6. North America Automotive Hypervisor Market Analysis, Insights and Forecast, 2017-2028
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Vehicle Type
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3. Market Analysis, Insights and Forecast – By Type
6.3.1 TYPE 1
6.3.2 TYPE 2
6.4. Market Analysis, Insights and Forecast- By Level Of Automation
6.5. Market Analysis – By Country
7. Europe Automotive Hypervisor Market Analysis, Insights and Forecast, 2017-2028
Continued…
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