Germany Autonomous Vehicles Market Size, Share and Growth Forecast Report by 2030
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.
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For instance, KPIT
Technologies Limited, TTTech Computertechnik AG, and BMW AG collaborated in
2018 to develop autonomous driving software.
Owing to supportive
government policies, the German autonomous vehicles market is experiencing
growth. This resulted in Germany being the first country in the world to allow
the use of fully and highly autonomous driving systems.
The decisions taken by the
German government, such as its 2016 announcement to develop autonomous driving
infrastructure in the country, are giving impetus to manufacturers. Further, in
June 2017, the German Road Traffic Act was amended, thereby enabling the driver
to pass the car controls to the autonomous driving system.
The German autonomous
vehicles market is segmented by application, vehicle autonomy, and vehicle
type. Based on application, the market is categorized into logistics, personal
cars, motor coaches, ride hailing services, transit buses, and others.
The highest revenue during the historical period (2014–2018) was generated by the personal car category. In the forecast period, the fastest growth is expected to be witnessed by the transit bus category.
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Market Segmentation by Vehicle Autonomy
- Semi-Autonomous Vehicle
- Passenger car
- Level 1
- Level 2
- Level 3
- Truck
- Level 1
- Level 2
- Level 3
- Bus
- Level 1
- Level 2
- Level 3
- Passenger car
- Fully Autonomous Vehicle
- Passenger car
- Level 4
- Level 5
- Truck
- Level 4
- Level 5
- Bus
- Level 4
- Level 5
- Passenger car
Market Segmentation by Vehicle Type
- Internal Combustion Engine (ICE)
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
Market Segmentation by Application
- Personal Cars
- Ride Hailing Services
- Transit Buses
- Motor Coaches
- Logistics
- Others
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