The automotive hypervisor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Hypervisor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive hypervisor market size has grown exponentially in recent years. It will grow from $0.18 billion in 2023 to $0.24 billion in 2024 at a compound annual growth rate (CAGR) of 32.2%. The growth in the historic period can be attributed to Increasing demand for connected car services, rise of autonomous and connected vehicles, rise of edge computing in automotive applications, need for seamless integration with third-party applications, need for efficient resource utilization in vehicles.
The automotive hypervisor market size is expected to see exponential growth in the next few years. It will grow to $0.75 billion in 2028 at a compound annual growth rate (CAGR) of 32.5%. The growth in the forecast period can be attributed to Increasing demand for vehicle electrification, demand for over-the-air (OTA) software updates, growing importance of in-cabin comfort and convenience features, growing complexity of automotive software systems, increasing use of in-vehicle networking protocols. Major trends in the forecast period include Shift towards centralized vehicle computing architectures, expansion of automotive software-defined architectures, expansion of mobility-as-a-service (MaaS) models, strategic partnerships with peer competitors, integration of blockchain technology for data security.
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Scope Of Automotive Hypervisor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Hypervisor Market Overview
Market Drivers –
The emergence of autonomous and connected vehicles is expected to propel the growth of the automotive hypervisor market going forward. Autonomous and connected vehicles refer to vehicles equipped with technologies that enable varying degrees of self-driving capabilities and connectivity to external networks, devices, and infrastructure. The demand for autonomous and connected vehicles is rising due to their potential to improve road safety, increase mobility options, and enhance efficiency in transportation systems. Automotive hypervisors enable autonomous and connected vehicles to integrate multiple operating systems, manage hardware resources, ensure safety and security, provide flexibility and scalability, and maintain real-time performance. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, the number of autonomous vehicles or self-driving cars on American roads is projected to be 3.5 million by 2025 and around 4.5 million by 2030. Therefore, the rise of autonomous and connected vehicles is driving the growth of the automotive hypervisor market.
Market Trends –
Major companies operating in the automotive hypervisor market are developing innovative products with advanced technologies, such as QNX Hypervisor 2.0. to gain a competitive edge. The QNX Hypervisor 2.0 is a real-time, Type 1 hypervisor that provides virtualization technology for various industries, including automotive, medical, industrial automation, and power generation. For instance, in May 2023, BlackBerry Ltd., a US-based technology company, launched QNX Hypervisor 2.0. This hypervisor enables the secure separation and isolation of multiple operating systems on a single compute platform, such as a system-on-chip (SoC).
The automotive hypervisor market covered in this report is segmented –
1) By Product: Native (Bare-Metal) Hypervisors, Hosted Hypervisors
2) By Level Of Autonomous Driving: Autonomous, Semi-Autonomous
3) By Sales Channel: Aftermarket, Original Equipment Manufacturers (OEMs)
4) By End User: Economy Vehicle, Mid-Priced Vehicle, Luxury Vehicle
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Regional Insights –
North America was the largest region in the automotive hypervisor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hypervisor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the automotive hypervisor market are Robert Bosch GmbH, Intel Corporation, Panasonic Corporation, ZF Friedrichshafen AG, DENSO Corporation, Qualcomm Technologies Inc., Continental AG, NVIDIA Corporation, Toshiba Corporation, Texas Instruments Incorporated, Aptiv PLC, VMware Inc., NXP Semiconductors Inc., MediaTek Inc., STMicroelectronics N.V., Renesas Electronics Corporation, Microchip Technology Inc., Infineon Technologies AG, Synopsys Inc., Marvell Technology Group Ltd., Rohm Co. Ltd., Visteon Corporation, BlackBerry Ltd., Wind River Systems, Green Hills Software
Table of Contents
1. Executive Summary
2. Automotive Hypervisor Market Report Structure
3. Automotive Hypervisor Market Trends And Strategies
4. Automotive Hypervisor Market – Macro Economic Scenario
5. Global Automotive Hypervisor Market Size and Growth
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32. Global Automotive Hypervisor Market Competitive Benchmarking
33. Global Automotive Hypervisor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Hypervisor Market
35. Automotive Hypervisor Market Future Outlook and Potential Analysis
36. Appendix
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