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(I-AutoNewsWire.com, April 01, 2021 ) According to the new market research report “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", Published by MarketsandMarkets™, 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.
The major factors driving this growth is the increasing complexity of electrical-electronic architecture in modern vehicles thereby, driving the Automotive Hypervisor Market. Also, with the increase in adoption of advanced features in mid-priced and economy vehicles would drive the market for hypervisor technology.
Browse in-depth TOC on "Automotive Hypervisor Market"
108 – Tables
70 – Figures
240 – Pages
The growth of the Automotive Hypervisor Market is majorly driven by the sales of high- end premium cars globally, as the hypervisor technology is majorly equipped in luxury passenger cars. The typical features integrated in embedded hypervisor technology include cockpit electronic functions such as infotainment, instrument cluster, and HMI. Thus, the hypervisor technology market is expected to witness significant growth in the future.
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Asia Pacific is expected to lead the global market during the forecast period
The Automotive Hypervisor Market in Asia Pacific is estimated to be the largest during the forecast period. High production of passenger cars in the region to cater to the consistently increasing demand for vehicles is highly responsible for the growth of the Automotive Hypervisor Market. China is the largest producer of automobiles in the world. Furthermore, nearly all major OEMs have invested in the Chinese market, which is inclined toward small and affordable passenger vehicles. There has been an increase in the demand for luxury and mid-priced vehicles over the past decade in the countries like India, Japan, South Korea, and Thailand. Since the automotive market is highly driven by cost, most of the advanced automotive electronics are found in high-end vehicles.
The luxury car segment is expected to drive the Automotive Hypervisor Market.
Adoption of advanced features and electronically controlled features such as infotainment, digital cluster, ADAS features and others would support the growth of the hypervisor technology market. The software, as well as hardware content and onboard computer systems in luxury vehicles, are more compared to mid-priced and economy vehicles. The connected luxury 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 luxury car segment in the Automotive Hypervisor Market.
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Asia Pacific: China is expected to lead the market
The Asia Pacific region is projected to be the fastest-growing market during the forecast period. Asia Pacific is a key region for innovations; significant R&D; and technological advancements in types of hypervisor technology.
The major players in Automotive Hypervisor Market are Siemens (Mentor Graphics) (Germany), Green Hills Software (US), Wind River System (US), Blackberry (Canada), Renesas (Japan), Sasken (India), Continental (Germany), and NXP (The Netherlands).
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Mr. Aashish Mehra