German AV market to reach US$28bn by 2030

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A report published by market research firm P&S Intelligence predicts that the value of the German autonomous vehicle (AV) market will reach US$28bn by 2030, advancing at a compound annual growth rate (CAGR) of 20.2% from 2023 to 2030.

According to P&S, the German market has been boosted by high levels of government support toward the development of AVs, as well as the rising need for safer and more efficient driving options.

Germany was one of the first countries 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, providing support in the form of subsidies, grants, and other assistance programs.

The adoption of AVs is also being propelled by the promise of safer and more efficient vehicle operations. Road congestion in the country is increasing at a substantial rate, with human error accounting for more than 90% of road accidents, often resulting in serious injuries and even death in some cases.

Germany held a 20% share of the European autonomous car market in 2018, the largest of any country in the EU. This is due to the presence of several OEMs in the country, many of which have introduced new models with higher levels of automation.

In addition, car manufacturers and their Tier 1 suppliers in Germany filed more patents for autonomous cars than any other across the continent. From 2010 to 2017, more than 5,800 autonomous vehicle patents were filed worldwide, of which 51% came from Germany.

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Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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