Summary

The automotive hypervisor market is expected to grow at a strong CAGR of around 30% during the forecast period owing to the increasing awareness among customers, the proliferation of IoT in emerging economies, and surging disposable incomes and urbanization. Moreover, with increasing awareness about the need and benefits of automotive hypervisor technology, spending on product development and R&D activities has increased globally. Burgeoning competition in terms of new players foraying into the automotive hypervisor landscape along with evolving governmental energy and emission policies, growing demand for automotive hypervisor energy management systems, and development of smart gas metering services are some of the major drivers for the increased penetration of automotive hypervisor devices among consumers, especially in the developed and developing countries. Additionally, the rising investments and product launches in the automotive hypervisor market are further contributing to the growth of the market.

Some of the major players operating in the market include BlackBerry Limited.; Green Hills Software; IBM; NXP Semiconductors; Panasonic Holdings Corporation; Renesas Electronics Corporation; Sasken Technologies Ltd; Siemens; Visteon Corporation; and Wind River Systems, Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst Automation, semi-autonomous held a significant share of the market in 2021”
Based on automation, the market is segmented into semi-autonomous and fully autonomous. Amongst these, semi-autonomous automation held a significant share of the automotive hypervisor market in 2021 because it represents a more incremental step toward fully autonomous driving, compared to fully autonomous automation. Semi-autonomous systems allow for some degree of automation, such as lane departure warning, adaptive cruise control, and automatic emergency braking, but still require a human driver to be present and ready to take control of the vehicle if necessary.
“Amongst Vehicle Type, the commercial vehicle to have significant growth during the forecast period.”
By technology, the market is bifurcated into passenger vehicles and commercial vehicles. Among these, commercial vehicles will have significant growth in the automotive hypervisor market during the forecast period. This is because commercial vehicles often have more advanced and complex systems compared to passenger vehicles, and therefore require more advanced hypervisors to manage these systems. Additionally, commercial vehicles are increasingly being equipped with advanced driver assistance systems (ADAS) and other safety features, which require advanced computing power and hypervisors to manage. This trend is expected to continue in the coming years, driving the growth of the automotive hypervisor market for commercial vehicles.

“North America dominated the automotive hypervisor market in 2021.”
North America dominated the automotive hypervisor market in 2021 due to several factors. Firstly, North America has a large automotive industry, with major players such as Ford, General Motors, and Chrysler. These companies have been early adopters of hypervisor technology, using it to improve the safety and security of their vehicles. Secondly, the region has a strong ecosystem of technology companies that provide the hardware and software necessary for hypervisors. Finally, the region's regulatory environment encourages the adoption of hypervisors, as they are seen as a way to improve the safety of vehicles. Recent developments by key market players in North America have further strengthened the region's dominance in the automotive hypervisor market. In February 2021, BlackBerry Limited, a Canadian software company, announced a partnership with Amazon Web Services to develop and market a secure and scalable intelligent vehicle data platform, using hypervisor technology. This platform will enable automakers to securely access data from sensors and other sources in their vehicles, providing them with insights into vehicle performance and customer behaviors. In conclusion, North America's dominance in the automotive hypervisor market is driven by its strong automotive industry, technology ecosystem, and regulatory environment.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global automotive hypervisor market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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