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Demand for Electric Vehicles to Stir Automotive Hypervisor Market, CAGR to Rise to 33.20% between 2020 and 2027

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Demand for Electric Vehicles to Stir Automotive Hypervisor Market, CAGR to Rise to 33.20% between 2020 and 2027

November 06
14:59 2020
Demand for Electric Vehicles to Stir Automotive Hypervisor Market, CAGR to Rise to 33.20% between 2020 and 2027
GLOBAL AUTOMOTIVE HYPERVISOR MARKET SIZE STUDY, BY TYPE (TYPE 1 HYPERVISOR, TYPE 2 HYPERVISOR), BY VEHICLE TYPE (PASSENGER CARS, COMMERCIAL VEHICLES), BY MODE OF OPERATION (AUTONOMOUS VEHICLE, SEMI-AUTONOMOUS VEHICLE), BY END-USER (ECONOMY VEHICLES, MID-PRICED VEHICLE, LUXURY VEHICLES) AND REGIONAL FORECASTS 2020-2027

Report Ocean has recently published a new research report on the global automotive hypervisor market. The study, titled “Global Automotive Hypervisor Market Size study, by Type (Type 1 Hypervisor, Type 2 Hypervisor), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Mode of Operation (Autonomous Vehicle, Semi-Autonomous Vehicle), by End-User (Economy Vehicles, Mid-Priced Vehicle, Luxury Vehicles) and Regional Forecasts 2020-2027,” is prepared after carrying out a detailed analysis of this market, taking the performance of every market segment into consideration, using various research tools.

 GET SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw1537

The global automotive hypervisor market is gaining substantially from the continuous expansion in the automotive industry across the world. In 2019, the overall valuation of this market was US$129.6 mn. The growth in this market is likely to propel at an exponential CAGR of 33.20% over the period from 2020 to 2027. The integration of a number of automotive applications in a bid to support centralized function and increasing complexities of electrical and electronic architecture in advanced vehicles are also projected to fuel the demand for automotive hypervisors in the near future.

The advent of electric vehicles across the world is the key trend in the worldwide market for automotive hypervisors. As per a survey by the International Energy Agency, over 1 million electric cars were sold in the year 2017 and China accounted for more than 50% of this sale. Around 2.1 million electric cars were estimated to be sold in 2019. Even in 2019, China remained the leading market for electric vehicle, with 2.3 million electric vehicles in active usage. The demand for electric vehicle is expected to continue to rise in the forthcoming years, strengthening the demand for automotive hypervisor, thereby, contributing to the growth of the global market. However, the high maintenance cost of hypervisor and the dearth of standard protocols for the development of software for automotive applications may hinder this growth during the forecast period.

The research study also offers an in-depth regional analysis of global automotive window films market. The report has considered Asia Pacific, North America, Europe, Latin America, and the Rest of the World as the key regional markets for automotive hypervisors. Asia Pacific has been leading the global market. The high production and sales volume of automobiles and the presence of a large pool of players have been supporting this regional market. The Asia Pacific market for automotive hypervisors is also expected to report the highest growth rate over the forecast period, thanks to the soaring demand for advanced safety, convenience, and comfort systems, among consumers in this region.

Impact of Covid 19 on Global Automotive Hypervisor Market

One of the severely impacted markets from the Coronavirus pandemic is the global automotive industry and markets under its umbrella, including the global automotive hypervisor market. With the production of automobiles being stopped completely, the demand for automotive hypervisors also declined to a great extent. However, now as the production has resumed, the market for automotive hypervisors is anticipated to gain its momentum back across the world in the near future.

Key Findings:

  • The Asia Pacific market for automotive hypervisors has been leading the global market.
  • The regional market is also expected to report the highest growth rate over the forecast period.

The global automotive hypervisor market is segmented into:

By Type

  • Type 1 Hypervisor
  • Type 2 Hypervisor

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Mode of Operation

  • Autonomous Vehicle
  • Semi-Autonomous Vehicle

By End User

  • Economy Vehicles
  • Mid-Priced Vehicle
  • Luxury Vehicles

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

Companies Mentioned in the Report

  • Continental AG
  • Renesas Electronics Corporation
  • NXP Semiconductor N.V.
  • Wind River System Inc.
  • Green Hills Software LLC
  • Sasken Technologies Limited
  • Mentor Graphics Corporation
  • Viston Corporation
  • Infineon Technologies AG
  • Sysgo AG

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw1537

Media Contact
Company Name: Report Ocean
Contact Person: Nishi Sharma
Email: Send Email
Phone: +91-9997112116
Address:BSI Business Park,H-15, Sector-63, Noida
City: Noida
State: UP, 201301
Country: India
Website: www.reportocean.com


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