Press release
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 | Panasonic (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Blackberry (Canada),
Automotive Hypervisor Market
The Asia Pacific market is a vast geographical region comprising countries such as Japan, China, India, South Korea, and Thailand. The European market includes countries such as France, Germany, Spain, Russia, and the UK. Some of the major OEMs in the European region such as Volkswagen, Daimler AG, and Volvo Cars are pioneers in automotive technologies. The North American market includes countries such as the US, Canada, and Mexico.
The rising need for the consolidation of ECUs and reducing hardware content in vehicles without compromising on the advanced features are expected to boost the hypervisor market in Europe and North America. Various countries have now mandated the installation of safety features such as blind spot detection, lane departure warning, automatic emergency braking, and park assist. Increasing stringency of government mandates are expected to increase the demand for ADAS and safety systems, which, in turn, is expected to drive the growth of the hypervisor technology.
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Key Market Players
The key players considered in the analysis of the Automotive Hypervisor market are as Panasonic (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Blackberry (Canada), and Visteon Corporation (US). These companies offer extensive products for the automotive industry and have strong distribution networks, and they invest heavily in R&D to develop new products.
KeyTakeways From Market Study Report
• Rise in demand for luxury cars is one of the factors fueling the automotive hypervisor market.
• The demand for luxury segment vehicles can be a factor driving growth in this segment.
• The Asia Pacific market is a vast geographical region comprising countries such as Japan, China, India, South Korea, and Thailand.
• The North American market includes countries such as the US, Canada, and Mexico.
• Increasing stringency of government mandates are expected to increase the demand for ADAS and safety systems, which, in turn, is expected to drive the growth of the hypervisor technology.
• The increasing number of connected cars has opened new revenue generating opportunities for stakeholders in the connected car ecosystem.
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This research report categorizes the Automotive Hypervisor market based on type, vehicle type, bus system, end user, level of autonomous driving, sales channel and region
By type
• Type 1
• Type 2
By vehicle type
• Passenger Cars
• LCVs
• HCVs
By bus system
• CAN
• LIN
• Ethernet
• Flexray
By end user
• Economy Vehicles
• Mid-priced Vehicles
• Luxury Vehicles
By level of autonomous driving
• Semi-autonomous Vehicles
• Autonomous Vehicles
By sales channel
• OEM
• Aftermarket
By Region
• North America
• Asia Pacific
• Europe
• Rest of the World
Recent Developments
• In April 2022, NXP Semiconductors launched S32G, that helps to address real-time and application development challenges of software-defined vehicles using S32G vehicle network processors.
• In April 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.
• In January 2022, Visteon Corporation launched SmartCore™ cockpit domain controller designed to enable global automakers to deliver a more connected, personalized and safe driving experience.
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Frequently Asked Questions (FAQ):
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