Germany Autonomous Vehicle Industry Research Report, 2030

1. Germany Autonomous Vehicle Market By Vehicle Autonomy, Vehicle Type, Application, Competition Analysis and Growth Forecast to 2030

2. The German fully autonomous vehicle market is expected to reach $28.0 billion by 2030, advancing at a CAGR of 20.2% during 2023–2030. Increasing government support toward the development of autonomous vehicles and the rising need for safer and more efficient driving options are the major factors boosting the growth of the German autonomous vehicle market, according to P&S Intelligence. Germany is the first country in the world to authorize semi- and fully autonomous driving systems. In December 2016, the German government publicized its objectives to develop autonomous driving infrastructure in the country. Moreover, the growing government support in the form of subsidies, grants, and other assistance is propelling the growth of the German autonomous vehicle market. Insights into market segments On the basis of vehicle autonomy, the German autonomous vehicle market has been categorized into semi-autonomous and fully autonomous cars. Between the two, semi-autonomous cars held the entire market share in 2018 and are expected to continue leading the market till 2023.

3. Need for safer and more efficient driving options is acting as a growth driver The adoption of autonomous vehicles is being propelled by the promise the technology holds for safer and more efficient vehicle operations despite the road traffic. Road congestion in the country is increasing at a substantial rate, and the primary cause for road crashes is human error, which accounts for more than 90% of road accidents, often resulting in serious injuries and even death in some cases. Several factors, for instance, failure to pay attention while driving, inappropriate speed, and unsafe distance from the vehicle moving ahead, lead to crashes or accidents. Thus, the facilities offered to drivers by ADAS system-equipped semi-autonomous vehicles are driving the growth of the German autonomous vehicle market. Browse report overview with 67 tables and 56 figures spread through 151 pages and detailed TOC on "Germany Autonomous Vehicle Market Research Report: By Vehicle Autonomy (Semi-Autonomous Vehicle, Fully Autonomous Vehicle), Vehicle Type (Internal Combustion Engine, Hybrid Electric Vehicle, Battery Electric Vehicle), Application (Personal Cars, Ride Hailing Services, Transit Buses, Motor Coaches, Logistics) – Competition Analysis and Growth Forecast to 2030"at:https://www.psmarketresearch.com/market-analysis/germany-autonomous-vehicles-market

4. Germany autonomous vehicle market’s competitive landscape Some of the major manufacturers operating in the German autonomous vehicle market are Volkswagen AG, FCA Italy S.p.A., Group PSA, BMW Group, Hyundai Motor Company, Toyota Motor Corporation, Tesla Inc., Renault–Nissan B.V., Ford Motor Company, and Daimler AG. 151 pages, lots of facts, figures and easy to digest: Wether you’re a current operator, planning to enter the market, we want our report to be accessible & available to whoever is interested. Simply get in touch and we'll send you the report straight away! To receive a free sample copy of this report

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