According to the MarkNtel Advisors' research report, "Global Automotive Hypervisor Market Analysis, 2021," the market is likely to attain a CAGR of 34% during 2021-26. The market growth is primarily due to the rising partnerships among OEMs and technology firms for R&D activities & the production of autonomous vehicles.
Besides, the surging demand for connected cars due to the 5G network and a boost in ADAS technology as mandated by the government is fueling the hypervisor demands. Entwined with this, escalating demand for hypervisor technologies in developing countries like China and India further drives the market growth. However, the low application of hypervisor technology in economy vehicles is restraining the market growth.
Key questions answered in the study
CAN Acquired the Majority Share
Based on Bus System, Controller Area Network (CAN) acquired the majority market share in the Global Automotive Hypervisor market in 2019. CAN is a nervous system that enables the communication between microcontrollers and devices with a single multiplex wire without the need for the host computer.
The growing popularity and adoption among the OEMs due to its robust & flexible performance in harsh environments, low implementation costs, and mandatory use of CAN for connecting ECUs (Engine Control Units) are the factors backing the segment growth.
"Global Automotive Hypervisor Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Automotive Hypervisor providers across the globe.
Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific to Attain Highest CAGR
Asia-pacific is likely to attain the highest CAGR in the Global Automotive Hypervisor market over the forecast period during 2021-26. China acquired the majority market share in the Asia-Pacific region as it is among the largest producer of passenger vehicles in the world.
The mounting adaption rate of connected cars, the rising government initiatives to soar the demand for the electric vehicle, and burgeoning investments by companies in autonomous vehicles are the factors augmenting the market growth.
Furthermore, surging demand for luxury & mid-price passenger vehicles due to growing discretionary income and the strong presence of enormous automobile OEMs are the factors likely to place promising opportunities to the growth of the global Automotive Hypervisor market in the forecast period, reveals MarkNtel Advisors in their research report "Global Automotive Hypervisor Market Analysis, 2021."
According to MarkNtel Advisors, the leading players in the global Automotive Hypervisor market include Sysgo AG, BlackBerry, Green Hills Software, Siemens (Mentor Graphics), Wind River Systems, Renesas, etc.