Germany Autonomous Vehicle Market by Vehicle Autonomy, Vehicle Type, Application, Competition Analysis and Growth Forecast to 2030

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.

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.

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In 2012, the European Commission confirmed a proposal for the mandatory introduction of ESC in all new passenger cars and commercial vehicles sold in the EU, with all new vehicles being equipped by 2014. This eventually made all passenger cars semi-autonomous, as the ESC equipped cars are considered level 1 autonomous cars. However, during 2023–2030, the German autonomous vehicle market is expected to witness faster growth in the category of fully autonomous vehicles in terms of sales volume.

Based on application, the German autonomous vehicle market has been categorized into personal cars, ride hailing services, transit buses, motor coaches, logistics, and others. Among these, motor coaches are expected to witness the fastest growth in terms of sales volume during the forecast period. The growing availability of shared autonomous vehicles in the country and changing consumer perspective toward car ownership are encouraging the German population to switch to public transportation, thus boosting the market for autonomous motor coaches.

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In the same year, Volkswagen AG formed an alliance with Aquantia, Nvidia Corporation, Robert Bosch GmbH, and Continental AG to work on technical issues so as to develop a fully autonomous vehicle. Thus, the increasing number of partnerships among industry players can be viewed as a key trend in the German autonomous vehicle market.

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.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.