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A recent report published by Infinium Global Research on the automotive hypervisor market provides an in-depth analysis of segments and sub-segments in the global as well as regional automotive hypervisor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive hypervisor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global automotive hypervisor market. According to the report, the global automotive hypervisor market is estimated to reach over USD 700 Million by 2026 from USD 100 million in 2020, growing with a CAGR of 38.3% over the forecast period of 2020-2026.
Hypervisors can provide advanced features such as guest to guest communication mechanisms, emulation of devices not present on the system, ability to overcommit system resources (memory, CPUs), device sharing, and a full set of functions and performance optimization which leverage the system awareness of being virtualized. It can also provide the capability of statically allocating system resources to virtual machines. Hypervisors create a virtual hardware abstraction for automotive functions, operating systems, and applications to use, leveraging specific hardware features to create and isolate different execution environments.
Growing automotive virtualization is driving the growth of the automotive hypervisor market. Today, there are more integrated systems handling multiple functions that include advanced driver assistance systems (ADAS) and infotainment. Virtualization technology can provide a solution to the system design related challenges. Furthermore, the Increasing adoption of connected cars and advanced automotive technologies provides a growing demand for the automotive hypervisor market. However, automotive hypervisor features require high computing powers, which results in high power consumption. This is affecting the growth of the market. Moreover, various companies are investing significantly in the development of autonomous and semi-autonomous technologies that will provide a growth opportunity for the market. COVID-19 has impacted the operations of many automotive OEMs, from production to R&D. While industry participants see a short-term disruption to Autonomous Vehicle development. While COVID-19 has interrupted the development of AV technology and slowed consumer purchasing of new vehicles. This disruption may also create new opportunities for the adoption of AV technology as a vital component of responding in times of emergencies and uncertainty.
The Asia Pacific region dominates the automotive hypervisor market. The region is the largest market for automotive owing to the growing purchasing power of consumers has triggered the demand for automobiles. Furthermore, Cost advantages for OEMs, and increased vehicle production provides attractive market opportunities for automobile manufacturers and automotive component suppliers in this region. Also, due to the availability of cheap labor and low production cost, major OEMs have launched production plants in the region with major domestic vehicle manufacturers. This is also driving the demand for luxury passenger cars which is a lucrative market for hypervisor technology.
The report on the global automotive hypervisor market covers segments such as type, level of autonomous driving, bus system, vehicle type, and end user. On the basis of type, the sub-markets include type 1, and type 2. On the basis of the level of autonomous driving, the sub-markets include autonomous vehicles and semi-autonomous vehicles. On the basis of the bus system, the sub-markets include can, ethernet, flexray, and lin. On the basis of vehicle type, the sub-markets include passenger car, light commercial vehicle (LCV), and heavy commercial vehicles. On the basis of end user, the sub-markets include economy vehicles, mid-priced vehicle, and luxury vehicles.
The report provides profiles of the companies in the market such as NXP Semiconductors, Continental AG, Renesas Electronics Corporation, Green Hills Software, DENSO CORPORATION, Visteon Corporation, HARMAN International, HANGSHENG TECHNOLOGY GmbH, Sasken Technologies Limited, and Qualcomm Technologies, Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automotive hypervisor market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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