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Automotive Hypervisor Market

The global automotive hypervisor market in terms of revenue was estimated to be worth $171 million in 2022 and is poised to reach $566 million by 2027, growing at a CAGR of 27.0% from 2022 to 2027.

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Automotive Hypervisor Market

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  1. Automotive Hypervisor Market worth 566 million by 2027 - Exclusive Report by MarketsandMarkets™ CHICAGO, Feb. 9, 2023 /PRNewswire/ -- Automotive Hypervisor Market is projected to grow at a CAGR of 27.0% from 2022 to 2027, to reach USD 566 million by 2027 from USD 171 million in 2022 according to a new report by MarketsandMarkets™. The basic objective of the hypervisor is to create an abstraction of various automotive functions by enabling the installation of multiple operating systems for several applications. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=124958216 Browse in-depth TOC on "Automotive Hypervisor Market" 166 - Tables 50 - Figures 218 - Pages "Economy vehicle segment is expected to have large market share during the forecast period" Economy class passenger cars are equipped with a low number of advanced features to enable cost-effectiveness. This factor restricts automakers from installing advanced functions in economy passenger cars to limit the overall prices of these vehicles and increase the sales of these variants. Therefore, advanced functions such as ADAS & safety, body & comfort, cockpit telematics, and navigation are not installed in economy class vehicles. The Asia Pacific region has the highest demand for economy vehicles which is leading to the growth of the market. Governments across Europe have mandated safety features to be installed in passenger vehicles which is the key factors driving demand for automotive hypervisors in Europe.

  2. "Semi-autonomous vehicles will have large market share by level of autonomous driving" Semi-autonomous vehicles are equipped with any three of technologies, namely, intelligent park assist, emergency brake assist, blind spot detection, lane keep assist, adaptive front lights, adaptive cruise control, RADAR, and LIDAR. The share of semi-autonomous vehicles is expected to rise in the coming years due to an increase in the electrification of vehicle components and the use of smart automotive components which offer greater comfort and safety to drivers. In 2020, Stradvision announced to utilize the QNX Software Development Platform within a number of next generation Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) from South Korean automakers. Government safety regulations also play a major role in the adoption of these technologies. Additionally, technologically driven companies and OEMs are collaborating to provide various safety and convenience applications to lead in the competition, which has resulted in the increased demand for these vehicles. "Asia Pacific is estimated to account for large market size during the forecast period" Asia Pacific comprises emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automobiles. In recent years, the region has emerged as a hub for automobile production. Infrastructural developments and industrialization in emerging economies have opened new avenues, offering various opportunities for automotive OEMs. In addition, increasing purchasing power has led to the demand for premium automobiles. Global OEMs such as Volkswagen and General Motors cater to this market through joint ventures with domestic manufacturers. In the Asia Pacific region, China is considered a market leader. China has witnessed significant growth in the sales and demand for premium vehicles in recent years. China has a high demand for the manufacture and export of luxury vehicles, which is leading to increasing disposable incomes in the country. A surge in demand is expected as current vehicle penetration is lower compared to that in the developed countries. China is one of the leading manufacturers of automotive components including ECUs in the world. This has given rise to the demand for hypervisors in the automotive industry. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=124958216 Automotive Hypervisor Market Dynamics: Drivers: 1.Integration of automotive applications to support centralized function. 2.Increased complexity of electrical/electronic architecture in modern vehicles. 3.Rigorous use of innovative technologies in advanced user interface.

  3. 4.Growing adoption of connected cars and advanced automotive technologies. Restraints: 1.Lack of standard protocols to develop software platforms for automotive applications. 2.Lower implementation of technology in economy vehicles. Opportunities: 1.Rise in demand for luxury cars. 2.Leveraging automotive software for embedded hypervisors. 3.Advanced embedded technology is key for semi-autonomous and autonomous cars. 4.Consolidation of electronic control units. Challenges: 1.Impact of hardware on power management. 2.Risk of cybersecurity in connected vehicles. Key Market Players: The automotive hypervisor market is dominated by key companies Panasonic (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Blackberry (Canada), Visteon Corporation (US), Siemens (Germany), Elektrobit (Germany), Green Hills Software (US), Sasken Technologies (India), SYSGO (Germany) and OpenSynergy (Germany). Recent Developments: • InApril 2022, NXP Semiconductors launched S32G, that helps to address real-time and application development challenges of software-defined vehicles using S32G vehicle network processors. InApril 2022, Renesas Electronics debuted with Automotive ECU Virtualization platform that enables designers to integrate multiple applications into a single ECU (Electronic Control Unit) that are safely and securely separated from each other to avoid interference. InJanuary 2022, Visteon Corporation launched SmartCore™ cockpit domain controller designed to enable global automakers to deliver a more connected, personalized and safe driving experience. • • Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=12495 8216 Browse Adjacent Market:Automotive and Transportation Market Research Reports & Consulting

  4. Related Reports: V2X Cybersecurity Market - Global Forecasts to 2028 Multi Domain Controller Market - Global Forecasts to 2030 Automotive ECU Market - Global Forecasts to 2025 About MarketsandMarkets™: MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive- hypervisor-market.asp

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