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Automotive Hypervisor Market Trends

Report ID: GMI5866
Published Date: May 2023
Report Format: PDF

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Automotive Hypervisor Market Trends

The proliferation of autonomous cars through software engineering and machine learning technology is expected to create growth opportunities for entrepreneurs. Greater adoption of hypervisors to power infotainment systems is also expected to support automotive hypervisor market growth. High demand for vehicle management systems in aftermarket applications such as in-vehicle improvements is expected to drive business expansion by 2032.

Furthermore, Technological advancements have improved in-vehicle transportation and connectivity in the automotive industry. Virtualization technology can provide solutions to many design problems associated with multi-vehicle systems. The introduction of Advanced Driver Assistance System (ADAS), infotainment, vehicle automation, and travel assistance is also expected to increase the demand for autonomous hypervisors in vehicles. These factors are expected to propel market growth by 2032.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive hypervisor was worth USD 182.3 million in 2022 and is anticipated to grow at 30% CAGR from 2023 to 2032, attributed to increasing use of vehicle hypervisors by automobile manufacturers to ensure safety & security of their vehicles, thereby gaining the trust of consumers and regulatory bodies.

The semi-autonomous segment dominated 80% of the automotive hypervisor industry share in 2022 and is expected to grow at a lucrative pace by 2032, as these hypervisors ensure compatibility & interoperability of software by enabling efficient deployment, real-time execution, and secure communication.

The automotive hypervisor sector in Europe accounted for 40% share in 2022 owing to growing adoption of Electric Vehicles (EVs) and Autonomous Vehicles (AVs), along with active support of regional governments for electricity & vehicle management through policies and incentives.

BlackBerry QNX, Renesas Electronics Corporation, NXP Semiconductors, Wind River Systems, Inc., Green Hills Software, Elektrobit (EB), OpenSynerg, TTTech Auto, Aicas, and Sysgo AG.