Europe Autonomous Car Market to Witness Robust Expansion Throughout the Forecast Period 2030

The adoption of autonomous cars has increased tremendously in Europe over the last few years and is predicted to rise even more in the coming years. The main reason promoting the deployment of autonomous cars in this region is the presence of favorable laws for the adoption of autonomous cars in many European countries. The policies pertaining to the intellectual property, product liability, corporate /M&A transactions, and cybersecurity in several European countries are very favorable for the development and sales of autonomous cars.



The regulatory policy recently implemented in Spain is the biggest example of such favorable policies related to autonomous vehicles. The Directorate General of Traffic (DGT) collaborated with Mobileye in 2017 for preparing an infrastructure ecosystem and favorable regulatory policy in the country for autonomous vehicles. The DGT encourages the adoption of all autonomous cars up to level 5 in the country. Similarly, in Germany, the Road Traffic Act was recently amended (June 2017) and this new amendment allows drivers to transfer driving control to an autonomous vehicle.

Globally, the European autonomous car market registered the highest volumetric growth in Germany during the past few years, as per the findings of the market research firm, P&S Intelligence. This is ascribed to the existence of prominent OEMs (original equipment manufacturers) in the country such as Volkswagen AG, Tesla Inc., and BMW and the subsequent launch of new and advanced models having higher automation features. These vehicles are equipped with various advanced driver assistance systems (ADASs) such as smart park assist, anti-lock braking, and blind spot detection systems, which make them highly sought after amongst customers.

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Thus, it can be safely said that the sales of autonomous vehicles will climb in Europe in the upcoming years, mainly because of the increasing implementation of favorable government policies in the European countries and the burgeoning customer demand for advanced vehicles equipped with enhanced safety systems and possessing self-driving features.

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