Automotive Hypervisor Market Forecast and CAGR
According to the latest assessment, automotive hypervisor market is expected to surge steadily at a CAGR of 8%-10% between 2021 and 2031. The COVID-19 pandemic has had a moderate influence on the hypervisor market due to lower car sales, particularly in the early months of the pandemic.
The market would gradually recover in the medium term, with a solid long-term growth outlook. The automotive hypervisor market will grow as a result of the increasing number of technological advancements in the automobile sector, as well as the rising usage of automotive software for embedded hypervisor.
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What is Driving Demand for Automotive Hypervisor?
The hypervisor is an integrated technology that has been frequently employed in the automotive sector for in-vehicle infotainment applications. It is a hardware virtualization solution that allows a host system to run numerous virtual machines using the operating system.
The increasing complexity of electronic architecture in modern vehicles, the increasing integration of various automotive applications to support centralized functions, the growing adoption of connected cars, the increasing demand for improved safety, and the increase in automotive passenger vehicle manufacturing are some of the key and vital factors that will likely augment market growth.
Market players should expect growth prospects as autonomous vehicles with software engineering and machine learning technology become more common. The increasing use of hypervisors to improve the productivity of infotainment systems is also predicted to boost market growth.
Over the forecast period, the increasing demand for automotive hypervisors in aftermarket applications such as car interior enhancements is likely to drive the market’s growth. Over the projected period, strict government regulations pertaining to the safety and security of automotive vehicles are expected to boost demand for these hypervisors.
The luxury car industry is expected to develop at the fastest rate in the automotive hypervisor industry. Because the expense of developing hypervisor technology is always increasing, it is usually used in luxury vehicles. Because luxury automobiles are outfitted with advanced safety and convenience features, their embedded technology is more complicated and has more hardware content.
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US Demand Outlook of Automotive Hypervisor
US is expected to be one of the largest automotive hypervisor market. The North American region is one of the largest automotive market, owing to rising consumer purchasing power, which has fueled demand for automobiles in the region.
Automobile manufacturers and automotive component suppliers have strong market potential due to price advantages for original equipment manufacturers, low automobile penetration levels, and rising vehicle production. Many large OEMs have also opened production units in the region or partnered with big local vehicle manufacturers, owing to the availability of skilled labor and manageable production costs.
Europe Automotive Hypervisor Sales Outlook
Europe is among the most prominent market in terms of production and sales of automobiles. Many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. But the market is slowly recovering with the resumption of manufacturing factories for vehicles and vehicle components in many countries.
The demand for hypervisor will come from prominent automotive hubs such as Germany, France, Italy, and UK. The demand for technologically advanced systems is always high in Europe, and the demand for hypervisor is prominent in Europe.
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Who are the Key Manufacturers and Suppliers of Automotive Hypervisor?
Some of the leading manufacturers and suppliers include
- Qualcomm Technologies Inc.
- Panasonic Corp
- Siemens
- Green Hills Software
- Sysgo GmbH
- Wind River Systems Inc.
- Renesas Electronic Corp.
- Denso Corp.
- Visteon
- Harman International
- KPIT
- OpenSynergy GmbH
- IBM
- Blackberry Limited
These firms provide a wide range of products and solutions for the automotive hypervisor sector, have strong global distribution networks, and invest extensively in research and development to produce new products.
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