PUBLISHER: The Business Research Company | PRODUCT CODE: 1484919
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484919
Automotive hypervisors are software platforms tailored for the automotive industry, facilitating the virtualization of hardware resources within vehicles. They enable the simultaneous operation of multiple operating systems and applications with varying criticality levels, including infotainment systems, driver assistance systems, and vehicle control systems. Automotive hypervisors ensure isolation and security between these systems, thereby facilitating the efficient and secure operation of complex automotive systems.
The main products of automotive hypervisors include native (bare-metal) hypervisors and hosted hypervisors. Native (Bare-Metal) hypervisors are software solutions that operate directly on the hardware without relying on a host operating system. They offer enhanced performance and efficiency compared to hosted hypervisors. The level of autonomous driving supported by these hypervisors ranges from autonomous to semi-autonomous. These products are distributed through various channels, including aftermarket channels and original equipment manufacturers (OEMs), catering to end users across economy vehicles, mid-priced vehicles, and luxury vehicles.
The automotive hypervisor market research report is one of a series of new reports from The Business Research Company that provides automotive hypervisor market statistics, including automotive hypervisor industry global market size, regional shares, competitors with an automotive hypervisor market share, detailed automotive hypervisor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive hypervisor industry. This automotive hypervisor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive hypervisor market size has grown exponentially in recent years. It will grow from $0.18 billion in 2023 to $0.24 billion in 2024 at a compound annual growth rate (CAGR) of 32.2%. The growth observed during the historic period can be attributed to several factors such as increasing demand for connected car services, driven by consumers' desire for enhanced connectivity and convenience while on the road, the rise of autonomous and connected vehicles that has contributed to the expansion of automotive technologies, leading to greater innovation and adoption.
The automotive hypervisor market size is expected to see exponential growth in the next few years. It will grow to $0.75 billion in 2028 at a compound annual growth rate (CAGR) of 32.5%. The anticipated growth in the forecast period can be attributed to several factors such as increasing demand for vehicle electrification, growing demand for over-the-air (OTA) software updates, growing importance of in-cabin comfort and convenience features.
The automotive hypervisor market is poised for significant growth driven by the emergence of autonomous and connected vehicles. These vehicles, equipped with advanced technologies for self-driving capabilities and connectivity, are expected to revolutionize transportation systems by improving safety, mobility, and efficiency. Automotive hypervisors play a crucial role in enabling the integration of multiple operating systems, managing hardware resources, ensuring safety and security, and maintaining real-time performance. According to a report by the Insurance Institute for Highway Safety from December 2022, the projected number of autonomous vehicles or self-driving cars on American roads is set to reach 3.5 million by 2025 and approximately 4.5 million by 2030. Therefore, emergence of autonomous and connected vehicles is driving the automotive hypervisor market.
Leading companies in the automotive hypervisor market are investing in innovative products equipped with advanced technologies to maintain a competitive edge. One such example is the QNX Hypervisor 2.0 developed by BlackBerry Ltd., a real-time, Type 1 hypervisor that provides virtualization technology across various industries, including automotive. For instance, in May 2023, BlackBerry Ltd., a US-based technology company, launched QNX Hypervisor 2.0. This hypervisor enables the secure separation and isolation of multiple operating systems on a single compute platform, such as a system-on-chip (SoC).
In April 2021, Continental, a Germany-based automotive company, forged a partnership with Amazon Web Services (AWS) to develop the Continental Automotive Edge (CAEdge) platform. This collaboration represents a significant advancement in automotive hypervisor technology, offering a cloud-based platform for virtual Electronic Control Unit (vECU) creation and development. Amazon Web Services Inc., a prominent player in cloud computing, brings extensive expertise and resources to enhance the capabilities of automotive hypervisors, further driving innovation in the automotive industry.
Major companies operating in the automotive hypervisor market are Robert Bosch GmbH, Intel Corporation, Panasonic Corporation, ZF Friedrichshafen AG, DENSO Corporation, Qualcomm Technologies Inc., Continental AG, NVIDIA Corporation, Toshiba Corporation, Texas Instruments Incorporated, Aptiv PLC, VMware Inc., NXP Semiconductors Inc., MediaTek Inc., STMicroelectronics N.V., Renesas Electronics Corporation, Microchip Technology Inc., Infineon Technologies AG, Synopsys Inc., Marvell Technology Group Ltd., Rohm Co. Ltd., Visteon Corporation, BlackBerry Ltd., Wind River Systems, Green Hills Software
North America was the largest region in the automotive hypervisor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hypervisor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automotive hypervisor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive hypervisor market consists of revenues earned by entities by providing services such as virtual machine management, resource allocation, security management, performance monitoring, integration with automotive systems, update and maintenance, and fault tolerance. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive hypervisors market also includes sales of microcontrollers, processors, memory, various interfaces, security modules, power management units, and sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.