Germany Self-Driving Vehicle Market Outlook 2024: Regional Opportunity Assessment and Demand Analysis, Market Forecast, 2016-2024

Germany Self-Driving Vehicle Market

Market Overview

Self driving or autonomous vehicles are currently at the head of developments in technology and production. Automation of vehicles functionality is becoming an area of interest across the entire automobile industry. The automotive industry of Germany continues to serve as a foundation stone for the German economy and dwelling to more than 770,000 employees across the large scale of enterprises from OEMs to components suppliers of different tier levels. German OEMs accounts for manufacturing of more than 70% premium vehicles produced across the globe. Globally multiple companies are developing and working on prototypes for autonomous vehicles, but the technology is not expected to be available for mass market before 2020. In Germany, government is also supporting the development of self driving vehicles in country. Government initiatives under new legal frameworks of semi-autonomous cars are ready to hit the road for prototype testing, so that German OEMs can develop and work on prototypes in their homeland. The new German Road Transport Law (STVG) clarifies the responsibility and liability of driver for accidents, requiring that driver should stay aware of surrounding traffic environment and should able to resume control of the car. It also mandates the manufacturer to equip their vehicles with black boxes to record information while driving. Currently, all the prototypes are being under R&D and in testing phase, which is expected to launch the self driving vehicles by 2020.

Market Segmentation

By Technology

• Driver Assistance
• Semi Autonomous
• High Autonomous
• Full Automation

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Components

• Software

• Applications
• Operating systems

• Hardware

• Cameras
• GPS systems
• Communication Systems
• Sensors

By Geography

• Berlin {Market Size, Growth Analysis and Opportunity Analysis}
• Hamburg {Market Size, Growth Analysis and Opportunity Analysis}
• Stuttgart {Market Size, Growth Analysis and Opportunity Analysis}
• Frankfurt {Market Size, Growth Analysis and Opportunity Analysis}
• Munich {Market Size, Growth Analysis and Opportunity Analysis}
• Hannover {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of Germany {Market Size, Growth Analysis and Opportunity Analysis}

Growth Drivers and Restraints

Self driving vehicles market is primarily driven by the autonomous vehicle's advantages over conventional cars such as increased road safety, fuel efficiency. In Germany, where employment is directly or indirectly based on automobile industry, introduction and implementation of legal framework in favor of autonomous cars indicates that Germany is looking for long term implications of self driving vehicles technology. Major automobile manufacturers and suppliers in Germany are planning to invest USD 17 billion to USD 20 billion in digitization over the next few years to support government policy of making Germany a global leader in autonomous vehicle market. Moreover, Volkswagen targeted the fully autonomous cars market, with company's own in house model to be launch by 2021. Moreover, German OEMs and suppliers appear to be much more active in pursuit of innovation. More than 55% patents related to autonomous technology registered across the globe belongs to German manufacturers. Although German OEMs and suppliers have strong position in development of self driving vehicles, production will not only take place in Germany but also in regions where German manufacturers have strong presence such as central and eastern Europe, U.S, China and other countries.

However, most of the autonomous vehicles are in experimental phase, it remains unclear what kind of personal data these vehicles collect. Concerns regarding to threat of cybercrime and data breach remain the major challenge for the manufacturers. Relative high cost than conventional cars is one of the major factors likely hamper the self driving vehicles market growth. 

Market Size and Forecast

Global sales of autonomous vehicles are expected to reach 600,000 million units by 2050. Further the growth of global autonomous vehicles market is expected to witness compound annual growth rate of 39% between 2025 and 2035.

German self driving car market is expected to dominate the Europe Region. German government initiative to support self driving vehicles market and major car OEMs investments in R&D will boost the market growth in Germany as well as in other parts of world where German cars dominates the region.

Key Players

• Volkswagen Group

• Synopsis
• Financial Analysis
• Business Strategy
• Product Portfolio
• SWOT Analysis

• Tesla Motors
• Daimler group
• Google Inc.
• Uber
• BMW AG
• Audi AG
• General Motors
• Google
• Fiat Chrysler
• Ford
• Bosch

Scope Background

Market Synopsis

Market Segmentation

The Germany self driving vehicles market is segmented as follows:

• By Technology Type (Market Size, Demand Analysis and Growth Analysis)
• By Vehicle Offerings Type (Market Size, Demand Analysis and Growth Analysis)
• By  Component Type (Market Size, Demand Analysis and Growth Analysis)

Germany Self Driving Vehicles Market Report covered insights of below mentioned regions:

• Berlin {Market Size, Growth Analysis and Opportunity Analysis}
• Hamburg {Market Size, Growth Analysis and Opportunity Analysis}
• Stuttgart {Market Size, Growth Analysis and Opportunity Analysis}
• Frankfurt {Market Size, Growth Analysis and Opportunity Analysis}
• Munich {Market Size, Growth Analysis and Opportunity Analysis}
• Hannover {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of Germany {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
• Regional Variations
• Recent Trends and Developments

Key Market Players

• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks