The global automotive hypervisor market size is expected to
reach USD 698.2 million by 2025, growing at a CAGR of 33.2% from 2019 to 2025,
according to a new study by Grand View Research, Inc. The use of automotive
hypervisor technology has increased owing to its growing demand in automotive
production and vehicle parc. The upsurge in vehicle production is creating
intense competition among the players, leading to high investments in research
and development activities. The hypervisor technology offers various feature
enhancements such as telematics, Advanced Driver Assistance System (ADAS) and
benefits such as security, infotainment, communication, and connectivity in
vehicles.
The market is expected to gain
momentum owing to advancements and innovation in virtualization technology.
Hypervisor technology facilitates real-time communication between
vehicle-to-vehicle & vehicle-to-environment. The use of increased number of
ECUs and different network interface is leading to complexities in vehicle
functionality. The use of gateways and electronic devices enable reliable and
secure communication between a vehicle’s electronic systems. A hypervisor
maintains network functionality and offers improved communication for the same.
The use of hypervisor technology in
vehicles increases the cost of production and hence, the technology is
primarily featured in luxury vehicles. This is expected to drive the growth of
the luxury vehicles segment over the forecast period.The unavailability of a
strong data network leads to delay in information transfer and ADAS failure.
ADAS failure further creates a delay in sharing information related to route,
traffic jam, and obstacles. The hypervisor technology is used to share
information in real time and hence, helps reduce accidents.
The major players in the market are
collaborating with each other to improve the automotive hypervisor technology.
For instance, in February 2019, Green Hills Software LLC announced a strategic
partnership with Cadence Design Systems, Inc. This initiative was undertaken to
leverage their individual strengths for enhancing embedded system security and
safety while hastening growth for both companies.
Asia Pacific region dominated the
automotive hypervisor technology market in terms of revenue in 2018 and is
expected to grow at the highest CAGR over the forecast period. Original
Equipment Manufacturers (OEMs) are setting up production plants in the
countries of this region owing to low labor and maintenance costs. This is
expected to drive the growth of the Asia Pacific market.
One of the challenges faced by the
market is the lack of standards related to automotive virtualization.
Currently, the only regulation to be followed by the market players is ISO
26262, a functional safety standard that regulates electronic and electrical
systems throughout the product development lifecycle, from development to
decommissioning. The lack of cybersecurity standards across the globe is
leading to issues related to hacking. National Institute of Standards and
Technology’s Cybersecurity Framework (U.S.),EU’s Regulation against
Geo-IP-based blocking of EU member countries or economies (EU), and others have
introduced cybersecurity standards.These standards are to be mandatorily
followed by the automobile providers while manufacturing autonomous vehicles.
Browse full research report on Automotive Hypervisor Market: https://www.grandviewresearch.com/industry-analysis/automotive-hypervisor-market
Further key findings from the report suggest:
- The type 2 segment is expected to register the highest CAGR
over the forecast period as these hypervisors allow various virtual
machines to run simultaneously using different operating systems
- The passenger cars segment is expected to grow at a
significant pace over the forecast period owing to the growing concerns
pertaining to the safety and security of passenger cars
- The growing initiatives undertaken by governments in the
developing countries to improve electric vehicle parc are expected to
create new growth opportunities for the market players
- The increasing production of autonomous cars with
entertainment and infotainment systems is creating growth opportunities
for the players in the automotive hypervisor market
- The key players in the market include Continental AG; Renesas
Electronics Corporation; NXP Semiconductor N.V.; Wind River Systems, Inc.;
Green Hills Software LLC; Sasken Technologies Ltd.; and Mentor Graphics
Corporation.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/automotive-hypervisor-market/request/rs1
Grand View Research has segmented the global automotive hypervisor
market on the basis of product type, vehicle type, mode of operation, end user,
and region:
Automotive Hypervisor Product Type Outlook (Revenue, USD
Million, 2014 - 2025)
- Type
1
- Type
2
Automotive Hypervisor Vehicle Type Segment Outlook (Revenue,
USD Million, 2014 - 2025)
- Passenger
Cars
- Light
Commercial Vehicles
- Heavy
Commercial Vehicles
Automotive Hypervisor Mode of Operation Outlook (Revenue, USD
Million, 2014 - 2025)
- Autonomous
Vehicle
- Semi-autonomous
Vehicle
Automotive Hypervisor End User Outlook (Revenue, USD Million,
2014 - 2025)
- Economy
- Mid-priced
- Luxury
Automotive Hypervisor Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- Argentina
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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