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Global Automotive Hypervisor Market 2019-2023 | Adoption of Vehicle Platooning to Boost Growth | Technavio
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TMCNet:  Global Automotive Hypervisor Market 2019-2023 | Adoption of Vehicle Platooning to Boost Growth | Technavio

[May 29, 2019]

Global Automotive Hypervisor Market 2019-2023 | Adoption of Vehicle Platooning to Boost Growth | Technavio

The global automotive hypervisor market is expected to post a CAGR close to 5% during the period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190529005431/en/

Technavio has published a new market research report on the global automotive hypervisor market from ...

Technavio has published a new market research report on the global automotive hypervisor market from 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth of automotive electronics. With the advent of electronic components, automobile manufacturers are replacing the mechanical components in automobiles with advanced electronically powered parts. These electronic parts provide more accuracy and efficiency compared with mechanical parts. For instance, innovative technologies such as ADAS and connected vehicles are growing rapidly and have immense growth potential. In addition, the improved safety regulations in various countries are expected to further boost the demand for ADAS-enabled vehicles. Therefore, the advent and increase in automotive electronics will foster the growth of the global automotive hypervisor market during the forecast period.

As per Technavio, the adoption of vehicle platooning will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global automotive hypervisor market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global utomotive hypervisor market: Adoption of vehicle platooning

In vehicle platooning, multiple cars, buses, and trucks travel at an aerodynamically efficient distance and drive cooperatively by maintaining the distance at high speeds. For this purpose, the platooning system uses the ADAS installed in the vehicles, along with high-end specific platooning algorithms involving the sensor fusion of radar, LiDAR, and cameras. Communications among vehicle fleets are enabled by wireless connectivity. The vehicles in the platoon automatically synchronize their speed and braking actions, resulting in higher fuel efficiency and improved traffic congestion control for all vehicles in the platoon. The involvement of multiple systems in vehicle platooning mandates the optimum use of hardware and software. Hence, the use of a large number of systems in vehicles with the help of limited hardware will fuel the adoption of virtualization and automotive hypervisors during the forecast period.

"Apart from the adoption of vehicle platooning, the rising demand for vehicle connectivity solutions is another factor that is expected to boost market growth. Automobile manufacturers are determined to equip their vehicles with advanced connectivity solutions, thereby ensuring the high penetration of connected cars in the future. Furthermore, OEMs, technology companies, and various other component suppliers are working toward the development of vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication solutions. Such developments are expected to influence the global automotive hypervisor market during the forecast period," says a senior analyst at Technavio.

Global automotive hypervisor market: Segmentation analysis

This market research report segments the global automotive hypervisor market by type (type 1 and type 2) and geographical regions (Europe, APAC, North America, MEA and South America).

The European region led the market in 2018, followed by APAC, North America, MEA and South America respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to the rapid progress in the adoption of new technologies in the region.

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

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