Automotive Hypervisor Market

New Revenue Pockets - Automotive Hypervisor Market

Integration of various automotive applications to support centralized function and increasing adoption rate of connected cars would drive the growth of automotive hypervisor market by 2026. The global automotive hypervisor market shows significant projected growth at a CAGR of 39.3% during the forecast period to reach USD 704 million by 2026 from an estimated USD 134 million in 2021. The embedded hypervisor technology provides virtual hardware abstraction for different automotive functions to be operated at the same time. The hypervisor is an embedded technology that has been widely used for the in-vehicle infotainment application in the automotive industry.

The major factors driving this growth is increasing complexity of electrical-electronic architecture in modern vehicles thereby, driving the automotive hypervisor market. Also, intervention of innovative technologies in advanced user interface and growing need for reducing number of ECUs inside the vehicles would further drive the automotive hypervisor market.

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The growth of the automotive hypervisor market is majorly driven by the sales of high- end premium cars globally, as the hypervisor technology is majorly equipped in luxury passenger cars. A luxury-class passenger car has more electronic content compared to the economy and middle-class passenger cars. The typical features integrated in embedded hypervisor technology include cockpit electronic functions such as infotainment, instrument cluster, and HMI. The high demand for advanced safety features from consumers, coupled with the regulations and mandates related to emissions, is driving the growth of the automotive hypervisor technology market globally. To eradicate the complexity associated with heavy electrical architecture inside the vehicle, the hypervisor technology is adopted on a large scale by vehicle manufacturers.

The automotive hypervisor market in Asia Pacific is estimated to be the largest during the forecast period. High production of passenger cars in the region to cater to the consistently increasing demand for vehicles is highly responsible for the growth of automotive hypervisor market. China is the largest producer of automobiles in the world. Furthermore, nearly all major OEMs have invested in the Chinese market, which is inclined toward small and affordable passenger vehicles. There has been an increase in the demand for luxury and mid-priced vehicles over the past decade in the countries like India, Japan, South Korea, and Thailand. Since the automotive market is highly driven by cost, most of the advanced automotive electronics are found in high-end vehicles. However, OEMs such as Suzuki and Hyundai are now offering advanced electronic applications in their mid-segment vehicle variants, which will drive the demand for the automotive hypervisor market in the future.

The type 1 segment is estimated to be the largest segment of the automotive hypervisor market, by type, owing to the most common and widely accepted type of the product for high end passenger cars globally. The major advantage of Type 1 hypervisor is that it enables customers to build highly compartmentalized systems that can be tailored to specific requirements. Some OEMs are developing type 1 hypervisors such that they are designed as low-complexity embedded hypervisors especially fitting automotive applications. The safety properties rely highly on a systems supervisor component. For instance, OpenSynergy has developed the COQOS hypervisor which takes advantage of hardware virtualization. Standardized, high-performance communication interfaces and protocols are also required to support the growing volume of data shared across automotive networks.

Semi-autonomous vehicles segment is estimated to be the largest segment of the automotive hypervisor market, by level of autonomous driving. The increasing rate of adoption of safety and convenience features in vehicles is driving the growth of the semi-autonomous market. Advance features installed in almost all vehicles as a mandate or option are expected to support the adoption of an increasing number of virtual machines in vehicles. Countries are investing on a high scale in the development of this technology. For instance, the European Union has funded research on auto road transport as a priority in the Horizon 2020 Transport Research Programme which is an EU funding program for research and innovation in multi-national collaboration transport projects.

Related Reports:

Automotive Hypervisor Market by Type (Type 1 & Type 2), Vehicle Type (PC, LCV & HCV), End User (Economy, Mid-Priced & Luxury), Level of Autonomous Driving (Autonomous & Semi-Autonomous (Level 1, 2 & 3)), Bus System, and Region - Global Forecast to 2026

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Report Code
AT 6932
RI Published ON
3/24/2021
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