Selbyville, Delaware, June 07, 2023 (GLOBE NEWSWIRE) --
The automotive hypervisor market valuation is poised to reach USD 2 billion by 2032, according to latest research report by Global Market Insights Inc.
The rising demand for autonomous driving technologies and advanced driver assistance systems is one of the major factors driving market trends. The surge in the adoption of ADAS features, such as adaptive cruise control, lane departure warning, and collision avoidance systems, has fueled the demand for automotive hypervisors. Automotive hypervisors provide a virtualization platform that allows multiple operating systems and software applications to run concurrently on a single hardware platform. With massive investments by automakers and technology companies, along with the increasing focus on developing autonomous vehicles, the industry is set to witness steady growth.
The automotive hypervisor market from the commercial vehicles segment is forecast to grow at over 32% CAGR from 2023 to 2032. Commercial vehicles, such as trucks, buses, and delivery vans, are undergoing a digital transformation with the integration of advanced technologies. Automotive hypervisors play a crucial role in these vehicles by enabling the consolidation of multiple functions and systems onto a single hardware platform. High demand for enhanced connectivity, efficient fleet administration, and driver assistance technologies in commercial vehicles has fueled the adoption of automotive hypervisors, thereby boosting market growth.
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The automotive hypervisor market from the fully autonomous segment is estimated to exceed USD 700 million by 2032. Fully autonomous vehicles rely on a complex array of sensors, AI, and software systems to navigate and make decisions on the road. Automotive hypervisors play a crucial role in managing and coordinating the various software components and subsystems within these autonomous vehicles. As the demand for fully autonomous vehicles continues to rise, the need for robust and reliable automotive hypervisors will grow.
Asia Pacific market will cross USD 600 million by 2032. The region's rapidly growing automotive industry, coupled with the increasing demand for connected and autonomous vehicles, has created a favorable market environment for automotive hypervisors. Additionally, the presence of leading automotive manufacturers and technology hubs is driving innovation and adoption of advanced automotive technologies. Furthermore, governments in countries like China, Japan, and South Korea are actively promoting the development and deployment of intelligent transportation systems, which is foreseen to impel the regional revenue share.
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Automotive hypervisor industry participants
Major players involved in automotive hypervisor market are Wind River Systems, Inc., TTTech Auto, Elektrobit (EB), Renesas Electronics Corporation, OpenSynerg, NXP Semiconductors, BlackBerry QNX, Aicas, Sysgo AG, Green Hills Software, and Mentor (a Siemens Business).
Automotive hypervisor market news
- In June 2022, LDRA, an established manufacturer of automated software verification, test tools, and source code analysis, collaborated with OpenSynergy, an industry expert in high-quality embedded automotive software, to support and foster a defense-in-depth strategy that combines hypervisor technologies with secure coding techniques.
- In October 2022, a leading software firm, Elektrobit, introduced its first embedded, automotive-grade, real-time OS, and hypervisor for Infineon Technologies AG's new AURIX TC4x microcontroller.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Automotive hypervisor market 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Vehicle type trends
2.5 Hypervisor type trends
2.6 Level of autonomous trends
2.7 Sales channel trends
Chapter 3 Automotive Hypervisor Industry Insights
3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing Complexity of Automotive Systems
3.10.1.2 Growing Demand for Vehicle Connectivity and Electrification
3.10.1.3 Support for Over-the-Air (OTA) Updates
3.10.1.4 Increasing Demand for Autonomous and Advanced Driver Assistance Systems (ADAS)
3.10.1.5 Enhanced Safety and Security
3.10.2 Industry pitfalls & challenges
3.10.2.1 Integration Challenges
3.10.2.2 Compatibility and Standardization Issues
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
