According to Goldstein Research, “Government favourable policies and advancement in autonomous vehicle technology is increasing the German automobile industry interest towards ready-to-drink products.” The new German road transport law has been introduced in Germany allowing the semi-autonomous cars to hit the roads for testing purpose. German Government and Automotive industry are looking forward to become the global leader of autonomous cars industry.
The Germany self-driving vehicle market is segmented based on technology, by vehicle and by components. Technology segment is further bifurcated into driver assistance, semi automation, high-autonomous and full automation. Driver assistance and semi autonomous cars are expected to dominate the self-driving cars market in Germany. Research and development by the manufacturers such as Volkswagen and bosh to deploy the semi autonomous cars by the end of 2020, will significantly boost the self-driving vehicles market growth.
German OEMs account for the 70% production of premium cars across the globe. German OEMs also leads in innovation of self-driving cars technology, more than 55% patents related to self-driving cars technology are registered by the German's car and component manufacturers. Global sales of Self-driving cars are expected to reach 600,000 units by the end of 2035. Volkswagen is scheduling to launch fully autonomous cars in the market by the end of 2021. German automotive sector is promising market for significant growth of self driving vehicles as it keeps on investing heavily in research and development. With their global market share close to 80% in premium car segment, the German manufacturers have shown most convincing and attractive products. German Automotive OEMs planning to invest more than USD 17 billion in vehicle automation technology.
German's Encouraging Road and Automotive Regulations: Major Breakthrough
The new legislation in Germany allows the German car manufacturers to test their prototype autonomous vehicles on roads. The drivers will be allowed to take their hands off the steering and eyes off the roads to browse net or to check E-mails. But the cars are required to be equipped with black box to record the journey and cars self piloting system which can be crucial for allocation of blame in accidents. Moreover, major market players are focusing on development and experiment of prototypes to provide these vehicles for customers. For instance, Google, BMW and Tesla's driverless car tech supplier Bosch claimed that its automated driving systems will bring more than USD 1.0 billon by the end of 2017.
“Germany Self-Driving Vehicles Market Outlook 2024” contains detailed overview of the Germany self-driving vehicles market in terms of market segmentation by technology type, by vehicle type and by components.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Germany Self-Driving Vehicles Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Tesla Motors, Daimler group, Google Inc., Uber, BMW AG, Audi AG, General Motors, Google, Fiat Chrysler, Ford, Bosch etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the Germany self-driving vehicles market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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