DUBLIN, October 12, 2021--(BUSINESS WIRE)--The "Global Automotive Hypervisor Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Hypervisor Market is likely to grow at a CAGR of around 34% during 2021-2026
The evolving new-age vehicles have propelled the demand for advanced features for comfort, convenience, and safety, thereby creating opportunities for OEMs and infusing the need for hypervisors in the automotive industry.
Furthermore, increasing penetration of autonomous vehicles, burgeoning demand for luxury vehicles with integrated connected features, and snowballing adoption of connected cars are the primary factors driving the market growth.
Additionally, the robust sales of passenger cars, various government initiatives to fuel the demand for electric vehicles, and growing awareness about ADAS technologies among consumers are the factors likely to boost the demand for automotive hypervisors in the forecast period.
Impact of COVID-19
The automotive industry witnessed adverse impacts due to the COVID-19 outbreak, especially in Q1 and Q2. The halt in manufacturing units due to lockdown impositions and supply chain disruption owing to closed borders has considerably decreased the demand for automobiles globally. Hence, this had a negative influence on the automotive hypervisor market growth.
However, the market has gained pace after the lockdown uplifted due to the resumption in the production unit. In the Post-Covid-19 situation, there is rapid growth in production & sales of passenger vehicles, and it is likely to grow astronomically in the forecast period. Further, the second wave of COVID-19 in some countries can also influence vehicle sales, which might impact the hypervisor market growth negatively.
Type 1 Exhibits Fastest Growth
Based on Type, Type 1 is likely to experience the fastest growth in the Global Automotive Hypervisor market in the forecast period. Type 1 hypervisor is also known as bare-metal hypervisor as it doesn't require any software or operating system like Windows to run. Hence, it does not manipulate the host machine.
Besides, it also offers stability and helps the system application to achieve high performance. Moreover, the demand for type 1 is high among OEMs as it directly runs on host hardware and reduces the risk of attack. Hence, this contributes to the fastest growth of the type 1 segment of the automotive hypervisor market in the forecast period, reveals the author in their research report Global Automotive Hypervisor Market Analysis, 2021.
Passenger Vehicle Accounted for the Largest Market Share
Based on Vehicle Type, the Passenger Vehicle segment accounted for the largest market share in the Global Automotive Hypervisor market in 2019. The segment growth attributes to the burgeoning demand for passenger vehicles owing to rapid urbanization, the surging purchasing power of customers, and the increasing adoption of virtualization & other advanced technologies in passenger vehicles.
Furthermore, the rising inclination toward autonomous passenger cars and the upsurge in the number of connected passenger cars are likely to soar the growth of the automotive hypervisor market in the forecast period.
North America Acquired Significant Market Share
North America acquired a significant market share in the Global Automotive Hypervisor market in 2019. The US dominated the North American region as it is the early adopter of technologies and manufacturing hub for various leading OEMs across the globe. Thus, the demand for advanced technology in the country is propelling at a robust rate for developing high-performance & fuel vehicles.
Moreover, the rising adoption of connected cars, burgeoning demand for self-drive cars & ADAS (advanced driver-assistance systems) to reduce road accidents, and surging investments by companies in R&D are the factors projected to place a lucrative opportunity for the market growth in the forecast timeline.
Rising autonomous vehicle Penetration is Driving the Market Growth
The extensive investments by automaker & technology firms in autonomous driving & R&D activities and the 5G network rollout due to the burgeoning adoption of autonomous driving in passenger vehicles are the factors fueling the demand for the automotive hypervisor.
The snowballing spending by countries like China to quickly commercialize AV production entwined with bolstering demand for electric & autonomous vehicles can likely contribute to the automotive hypervisor market growth.
The leading players in the global Automotive Hypervisor market include
Green Hills Software
Siemens (Mentor Graphics)
Wind River Systems
For more information about this report visit https://www.researchandmarkets.com/r/3r4m5j
View source version on businesswire.com: https://www.businesswire.com/news/home/20211012005693/en/
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