CHICAGO, Feb. 22, 2019
CHICAGO, Feb. 22, 2019 /PRNewswire/ -- According to the new market research report "Automotive Hypervisor Market by Type (Type 1 and Type 2), Vehicle Type (PC, LCV, and HCV), End User (Economy, Mid-Priced, and Luxury), Level of Autonomous Driving (Autonomous and Semi-Autonomous), Bus System, and Region – Global Forecast to 2025", published by MarketsandMarkets™, the global Automotive Hypervisor Market is projected to grow at a CAGR of 34.90% from USD 95 million in 2018 to reach USD 772 million by 2025 The major factors behind the growth of the Automotive Hypervisor Market are integration of various automotive applications to support centralized function and increasing adoption rate of connected cars. A hypervisor is a virtual machine module that enables multiple virtual machines to be operated by their respective operating systems on a single host hardware. The embedded hypervisor technology provides virtual hardware abstraction for different automotive functions to be operated at the same time.
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By Type Segment: Type 2 is the largest growing segment in the Automotive Hypervisor Market during the forecast period.
Type 2 is the most common and widely accepted hypervisor by automakers globally. It is installed on host hardware that has its own operating system. Thus, it provides a platform for multiple operating systems within single hardware. As a result, the Type 2 hypervisor is called a host hypervisor and runs as an application in the hardware of a system. The major advantage of Type 2 hypervisor is that it can open and close accordingly and make the resources free for host hardware. Owing to these factors, type 2 segment is expected to dominate the Automotive Hypervisor Market during the forecast period.
By End-User Segment: Luxury vehicle is expected to dominate the Automotive Hypervisor Market.
The hypervisor technology is presently adopted in the luxury vehicle segment due to high developmental cost and initial stage of evolution. Since, the luxury vehicles are equipped with advanced safety, comfort, and convenience features, the embedded technology of the vehicles is becoming complex with large hardware content and subsequently generates need for virtualization technology. Due to these factors, the luxury vehicle segment is likely to be the largest growing segment of the Automotive Hypervisor Market.
Asia Pacific: China is expected to lead the Asia Pacific region by 2025.
The Asia Pacific region is estimated to be the largest Automotive Hypervisor Market by 2025. The region comprises some of the fastest developing economies of the world such as China and India. The increasing spending power in countries like India, China, and Thailand in the region are contributing to the increasing demand for passenger cars. Also, to cater to the rising demand for passenger cars, major OEMs have established their manufacturing facilities in this region. This subsequently pushes the demand for hypervisor technology from the region and puts it at the leading position during the forecast period. Additionally, high demand for safety and comfort features from consumers forcing the automakers to integrate advanced features in the vehicles will further inflate the growth of automotive hypervisor technology in the region.
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The major Automotive Hypervisor Market players include Mentor Graphics (US), Green Hills Software (US), Windriver System (US), Blackberry (Canada), Renesas (Japan), Sasken (India), Continental (Germany), Visteon (US), and NXP (The Netherlands).
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