Overview:
The global automotive hypervisor market is expected to grow at a CAGR of 17.3% during the forecast period from 2019 to 2027. Hypervisor is a software that provides virtual representation of hardware components in an autonomous and semi-autonomous vehicle. It is used for establishing seamless communication between hardware and virtual machine which helps in controlling the vehicle in an efficient manner. Continuous advancements and growing demand for automotive technologies such as autonomous driving mode, vehicle telematics, etc. are some of the major factors driving the global automotive hypervisor market across the globe.
Automotive hypervisors are used across various vehicle types such as passenger cars, light commercial vehicles, heavy commercial vehicles as per their level of autonomy i.e. fully autonomous or semi-autonomous. Among all vehicle types, passenger car segment is expected to be the fastest growing segment as passenger car owners are increasingly opting for either autonomous or semi-autonomous vehicles citing benefits offered such as better efficiency and improved safety. Autonomous vehicle provides advanced driver-assistance systems which eliminate accidents caused due to human errors. As a result, growing demand for autonomous vehicles is projected to facilitate the growth of automotive hypervisor market in the years to come.
Market Snapshot
Get a sample copy for more information
"Type-1 hypervisors accounted for the Largest Market Share in 2018"
Type-1 hypervisors accounted for the largest market share in 2018. This type of hypervisor provides better performance as compared to its counterparts. The virtual layer of type-1 hypervisor interacts directly with the kernel of the operating system, making the hardware of the vehicle more efficient. Type-1 hypervisor is independent from the operating system of vehicle as it directly runs on the host’s hardware. In case of any problem in one virtual machine, the other guest operating systems running on the hypervisors does not get affected. Hence, it is regarded as the more secure and efficient automotive hypervisor type.
Get a sample copy for more information
"North America Garnered Largest Market Share in 2018"
In terms of geography, North America led the automotive hypervisor market in 2018 and is expected to remain dominant during the forecast period from 2019 to 2027. The growth of this region is mainly backed by stringent government regulations in countries like U.S. and Canada where installation of specific automotive safety technologies is mandatory. North America is a house to large number of well-established manufacturers that are investing in autonomous technologies. Relatively better penetration of autonomous cars coupled with growing inclination towards road safety has attracted significant investments towards R&D of autonomous vehicles. This, in turn is supporting the demand for automotive hypervisors in North America region.
Get a sample copy for more information
Competitive Insights
Major players profiled in the automotive hypervisors market study include Mentor Graphics Corporation, BlackBerry Limited, Renesas Electronics Corporation, Sasken Technologies Limited, Continental AG, Visteon Corporation, Wind River System, Baidu Inc., NXP Semiconductors N.V., Siemens AG, Harman International Industries, Inc., Citrix Systems Inc., VMware Inc., etc. These companies are heavily investing in R&D for gaining an upper hand in the market. For instance, in June 2018, BlackBerry Limited announced the launch of three automotive software products that are safety certified. These products will ease the trials of building exclusive automotive systems to be agreeable with ISO 26262, which is the safety standard of the automotive industry. BlackBerry’s QNX Hypervisor for Safety i.e. QNX OS for Safety 2.0 and QNX Platform for ADAS 2.0 provides the software foundation upon which safe and secure systems can be built.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Automotive hypervisor market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global automotive hypervisor market based on product type, vehicle type, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type Segment (2017-2027; US$ Bn)
• Type-1
• Type-2
|
|
Vehicle Type Segment (2017-2027; US$ Bn)
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
|
|
Geography Segment (2017-2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of APAC)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of automotive hypervisor market in 2017 and forecast up to 2027?
- What are the key factors driving the global automotive hypervisor market?
- What are the key market trends and high-growth opportunities observed in the automotive hypervisor market?
- What are the drivers of the automotive hypervisor market?
- Which is the largest regional market for automotive hypervisor market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the automotive hypervisor market?
- What are the sustainability strategies adopted by the key players operating in the market?
