Posts | Comments

Autonomous Vehicles Demand in German Market – Business Report

Contact Us
Puneet Shah
Noida Sector 2
UP 201301 

An autonomous vehicle can drive itself from one point to another in an auto-pilot mode. The vehicles, which make use of different technologies, such as global positioning system and adaptive cruise control, and lasers and radar, are primarily of two type — fully autonomous and semi-autonomous. Advancing at a 20.2% CAGR during 2023–2030, the German fully autonomous vehicles market is projected to reach $28.0 billion by 2030. The major influencers of the market are the growing need for a safe and efficient driving option and supportive government measures in popularizing them.

To produce autonomous vehicles, increasing collaborations and partnerships among manufacturers and software providers is the trend in the German autonomous vehicles market. Besides electric components, a vehicle requires software and other features to become self-driven. This necessitates the need for collaboration among different manufacturers and service providers. Apart from designing and manufacturing, even the testing of such vehicles can be a costly affair, which is why companies enter into partnerships. For instance, KPIT Technologies Limited, TTTech Computertechnik AG, and BMW AG collaborated in 2018 to develop autonomous driving software.

Mobility-as-a-service (MaaS) can be a massive opportunity for the growth of the German autonomous vehicles market. These vehicles can function as passenger taxis that would provide an option for cheaper rides due to their low operational costs compared to conventional taxis. This would establish a niche for autonomous vehicles as robotaxis or autonomous taxis, which is being explored by several vehicle manufacturers already. At Continental AG’s Frankfurt facility, continental urban mobility experience (CUbE), a concept vehicle developed by it, was tested in 2017.

Therefore, the market for autonomous vehicles in Germany is headed toward remarkable growth in the forecast period due to the rising popularity of MaaS and initiatives by the government to bring such vehicles in the country.

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.

Leave a Reply