The German automotive telematics market is experiencing growth and is projected to reach USD 7,748.0 million by 2030, As per a report by P&S Intelligence. This growth can be ascribed to the growing fondness for a more secure driving alternative, along with the wide government help, in terms of strategy and rule formulation, for the addition of these systems in automobiles.
On the basis of product type, the integrated category is predicted to showcase the highest development rate in the German automotive telematics industry. This can be ascribed to the rising requirement for internet-linked infotainment items in premium-range and mid-range passenger vehicles. Moreover, the rising sales of e-vehicles in the nation would aid the development of the category in the coming few years.
Till the end of the decade, the safety and security category is projected to experience the fastest-growth, when the German automotive telematics market is divided on the basis of service. The growth of smart transportation systems and automatic driving technologies will surge the requirement for passenger security in automobiles. Additionally, government commands for growing the count of passenger safety features in vehicles are projected to boost the industry for this category in the coming few years.
In recent years, OEMs led the German automotive telematics market, on the basis of channel. Moreover, the category is also projected to be in the leading spot till 2030. The compulsory rules and guidelines to include the essential security features in cars, along with the rising customer fondness for connected cars, are boosting the development of this category.
In the coming few years, Construction machines are projected to experience the fastest development in the German automotive telematics market, on the basis of vehicle type. Security and safety have been two of the major needs related to construction machines. Safety and compliance solutions comprise theft protection features and accident communication, which are important for construction machines.
The growing application of telematics solutions in off-highway cars is the key trend being observed in the German automotive telematics industry. The better efficiency and effectiveness of such vehicles and the increasing need for off-highway vehicle data analysis, along with the requirement to lessen the working prices related to their repair and maintenance, are the key factors for the rising acceptance of telematics solutions in such vehicles.
Additionally, different automotive associations in the nation have uniformed the key versions of the telematics solutions obtainable for off-highway vehicles, which further inspires their acceptance of such vehicles.
Hence, the growing fondness for a more secure driving alternative, along with the wide government help, in terms of strategy and rule formulation, for the addition of these systems in automobiles are the major factors propelling the German automotive telematics market.
Source: P&S Intelligence
Comments (0)