Embedded Hypervisor Sourcing And Procurement Market
The Embedded Hypervisor Sourcing and Procurement Market valued at $186.66 Billion in 2022 is estimated to reach a value of $2646.46 Billion in 2030, amplifying at a steady CAGR of 39.3%.
An embedded hypervisor is referred to as a type of software that enables multiple computing environments to function together on a particular chip. It allows system developers to design a wide array of operating systems efficiently. These software are predominantly used in the automotive sector for in-vehicle infotainment application.
Major growth determinants and challenges of the market
The primary factors propelling the expansion of this market are rise in vehicle sales, technological advancements in the field, and growing adoption of cloud platforms across various end-use sectors. Alongside, growing disposable income of the masses, increasing R&D investments, along with the elevating demand for affordable infotainment systems in vehicles are adding momentum to the overall market development.
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Furthermore, surging adoption of electric vehicles, rising efforts to commercialize automated cars along with the rising complexity of electronic architecture in latest vehicle models are positively swaying the industry dynamics.
Also, widespread development in the luxury car industry is creating lucrative opportunities for the marketplace to prosper.
On the contrary, dearth of skilled professionals in the field and adverse effect of hardware on power management of vehicles are hindering the remuneration scope of the global embedded hypervisor sourcing and procurement market.
The COVID-19 pandemic also had a negative impact on the development of this industry vertical. Stringent containment measures disrupted the supply chain network of the sectors and also brought all the manufacturing activities to an indefinite halt. This in turn decreased the production rate and sales of vehicles, thereby hampering the overall market growth.
Segmental assessment of the market
Based on product type
Type 1
Type 2
The type 1 segment is slated to amass notable gains over 2022-2030 owing to the ability of hypervisors to solve vulnerabilities in vehicle operating systems.
By end user
Economy vehicles
mid-priced vehicles
luxury vehicles
Among these, the luxury vehicles segment is anticipated to capture a substantial revenue share over the stipulated timeline. This is credited to the rising sales of luxury vehicles powered by the surging per capita income level of the masses.
In terms of vehicle type, the industry is fragmented into passenger cars, HCVs, and LCVs. The passenger cars segment is expected to garner high returns over the estimated timeframe due to the rising number of connected passenger vehicles across the globe.
Expounding the geographical ambit and competitive intelligence of the business sphere
The major regions characterizing the geographical terrain of global embedded hypervisor sourcing and procurement market are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to showcase lucrative expansion trends over 2022-2030. This is attributable to the presence of noteworthy players, rising vehicle sales, widespread economic developments, and the availability of raw materials and affordable workforce.
The prominent companies operating in the marketplace are IBM Corporation, VMware Inc., Wind River Systems Inc., Lynx Software Technologies, Inc., Microsoft Corporation, NXP Semiconductors N.V., Real-Time Systems GmbH, Siemens, Elektrobit, DDC-I, Acontis technologies GmbH, QNX Software Systems Limited, ACRN, AO Kaspersky Lab, Real-Time Innovations (RTI), TenAsys Corporation, Proxmox Server Solutions GmbH, Blackberry Limited, CoreAVI, Sierra ware, SYSGO AG, Ten Asys Corporation, Enea, Green Hills Software and Others.
Notably, in July 2020 Siemens AG acquired a route software developing company, Avatar to amplify its product portfolio and strengthen its global presence.
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