German Self-Driving Vehicle Market to Expand
German Government's Initiative Will Lead the Germany Automotive Industry in Global Autonomous Vehicles Ecosystem
German automotive OEMs accounts for manufacturing of about 70% premium automobiles produced across the globe. Multiple companies are developing and researching on prototypes of autonomous vehicles, but the technology is not expected to be available for mass market before 2020. In the same trend, the German government is also strengthening the development of self-driving vehicles in the country. Under new legal frameworks of semi-autonomous cars are ready to hit the road for prototype analysis, so that German automotive giants can develop and work on prototypes in their homeland.
Germany will continue to lead the arena in automated vehicle expertise. Moreover, almost all nations saw their position in this aspect improve over the past 12 months due to the amplification of research activities around the world. A key factor of this development is the fact that considerable amounts of money are now being poured into a large number of international research projects.
Germany Self-Driving Vehicle Market report covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the self-driving vehicle industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, self-driving vehicle manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall self-driving vehicle industry.
GermanySelf Driving Vehicle Market Segmentation can be classified on the basis of:-
- By Technology
- Driver Assistance
- High Autonomous
- Full Automation
- By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- By Components
- Operating systems
- GPS systems
- Communication Systems
Market Trends, Drivers, and Challenges
Self-driving vehicles industry in Germany is primarily driven by the autonomous vehicle's advantages over conventional cars such as increased road safety, fuel efficiency. As Germany is the major hub for new automotive technology development the market players are placing huge bets on this revolutionary technology. In Germany, where employment is directly or indirectly based on the automobile industry, outline and employment of legal framework in favor of autonomous cars specify that Germany is looking for long-term implications of self-driving vehicles technology. Additionally, major vehicle manufacturers and component suppliers in Germany are planning to invest about USD 17.0 billion to USD 20.0 billion above digitization, over the next few years to support government policy of making Germany a global leader in the autonomous vehicle market.