Germany Automotive Telematics Market its Future Outlook and Trends

Posted May 26, 2021 by Rahul_Gautam

Increasing Road Mishaps in Germany Boosting Automotive Telematics Integration
The people of Germany are increasingly adopting automotive telematics solutions due to the increasing preference for smooth road traffic and safe driving alternatives. Road traffic, grave injuries, and mortality are a few unfavorable outcomes of road transportation, the major cause of which is human error. Failure to pay attention, speeding, and keeping a risky distance from the vehicle in front are primarily responsible for road accidents. The Federal Statistical Office (Destatis) reveals that 1,281 people lost their lives in the first half of 2020 in Germany due to such issues.

As a result, the Government of Germany has been supporting the deployment of telematics solutions in vehicles by implementing several regulations. The rising government support will accelerate the German automotive telematics market advance at a CAGR of 16.5% during 2020–2030. The market stood at $1,408.2 million in 2019, and it is expected to reach $7,748.0 million by 2030. For instance, the German Association of the Automotive Industry (Verband der Automobilindustrie [VDA]) and Conference of the German Federal and State Data Protection Authorities launched a joint declaration policy in January 2016 on the principles of data protection associated with the use of telematics in connected and conventional vehicles.

In the coming years, the demand for passenger safety will amplify at a rapid pace due to the development of intelligent transportation systems and automated driving solutions. Apart from safety and security, telematics solutions are used to provide insurance telematics, remote diagnostics, infotainment and navigation, fleet/asset management, and vehicle-to-everything (V2X) connectivity. To meet the spurring demand, companies in the German automotive telematics market are entering into collaborations and partnerships.

Explroe Full Report Description At:

Thus, the surging demand for safe driving solutions and escalating focus on reducing the number of road mishaps will boost the installation of telematics solutions in the vehicles offered in Germany.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Rahul Gautam
Phone 8650643703
Business Address 347, 5th Ave. #1402 New York City, NY - 10016
Country United States
Categories Automotive , Business , Industry
Tags automotive telematics market , automotive telematics market 2021 , automotive telematics market in germany , automotive telematics market share , germany automotive telematics market
Last Updated May 26, 2021