CHICAGO, March 8, 2019 /PRNewswire/ -- According to the new market research report "E-bike Market by Class, Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage, and Region (Asia Pacific, Europe, North America) - Global forecast to 2025", published by MarketsandMarkets™, the global E-bike Market is projected to grow at a CAGR of 9.01% from USD 21.1 billion in 2018 to USD 38.6 billion by 2025.
The major factors driving the growth of the E-bike Market are increasing concerns about traffic congestion, rapid urbanization, government initiatives to reduce emission levels, and growth of the bicycle tourism industry. An electric bike, often known as e-bike, has an electric motor aligned to the pedal for propulsion. These bicycles use chargeable batteries of different capacities. E-bikes are equipped with a mid or hub motor and can be classified on the basis of the power of the electric motor. Pedal assist and throttle-on-demand are the two different modes of electric bikes.
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By Type Segment: Type 2 is the largest growing segment in the Automotive Hypervisor Market during the forecast period.
Type 2 is the most common and widely accepted hypervisor by automakers globally. It is installed on host hardware that has its own operating system. Thus, it provides a platform for multiple operating systems within single hardware. As a result, the Type 2 hypervisor is called a host hypervisor and runs as an application in the hardware of a system. The major advantage of Type 2 hypervisor is that it can open and close accordingly and make the resources free for host hardware. Owing to these factors, type 2 segment is expected to dominate the Automotive Hypervisor Market during the forecast period.
By End-User Segment: Luxury vehicle is expected to dominate the Automotive Hypervisor Market.
The hypervisor technology is presently adopted in the luxury vehicle segment due to high developmental cost and initial stage of evolution. Since, the luxury vehicles are equipped with advanced safety, comfort, and convenience features, the embedded technology of the vehicles is becoming complex with large hardware content and subsequently generates need for virtualization technology. Due to these factors, the luxury vehicle segment is likely to be the largest growing segment of the Automotive Hypervisor Market.
Asia Pacific: China is expected to lead the Asia Pacific region by 2025.
The Asia Pacific region is estimated to be the largest Automotive Hypervisor Market by 2025. The region comprises some of the fastest developing economies of the world such as China and India. The increasing spending power in countries like India, China, and Thailand in the region are contributing to the increasing demand for passenger cars. Also, to cater to the rising demand for passenger cars, major OEMs have established their manufacturing facilities in this region. This subsequently pushes the demand for hypervisor technology from the region and puts it at the leading position during the forecast period. Additionally, high demand for safety and comfort features from consumers forcing the automakers to integrate advanced features in the vehicles will further inflate the growth of automotive hypervisor technology in the region.
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Leading OEMs have established their manufacturing facilities in the Asia Pacific region to cater to the rising demand for passenger cars. This would subsequently push the demand for E-bike Market in the region. Yamaha Motor Corporation (Japan), Giant Manufacturing Co., Ltd (Taiwan), Accell Group N.V (Netherlands), Aima Technology Group Co., Ltd (China), and Yadea Group Holdings Ltd (China) are the leading players in the E-bike Market.
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