PUBLISHER: Inkwood Research | PRODUCT CODE: 1152316
PUBLISHER: Inkwood Research | PRODUCT CODE: 1152316
The Germany automotive embedded systems market growth is expected to progress at a CAGR of 5.57% during the forecast period, 2022-2028. In Germany, the automotive sector is a key industry in the country. It is a global export powerhouse and driver of mobility innovation. Also, Germany is the biggest automotive market in Europe with regard to production and sales. Further, the country boasts of a dense concentration of OEM plants in Europe. Such factors make Germany a favorable market for automotive embedded systems.
Germany is considered the premium car production hub of the world. As per Germany Trade and Invest, 65% of the total premium branded vehicles manufactured globally are German OEM-manufactured. Accordingly, a significant number of Germany-based and German manufacturers have already launched or intend to launch new products to meet the premium segment demand.
Further, for German automakers and OEMs, efficient control management is the most relevant survival factor for the automotive sector. Additionally, advanced infotainment services and automated systems are the increasingly prioritized specifications among domestic auto manufacturers amid the strong competitive rivalry in the market. As a result, Germany is evaluated to be one of the prominent markets for embedded manufacturers.
Some of the eminent companies in the market include: Delphi Technologies (BorgWarner Inc), Infineon Technologies AG, Robert Bosch GmbH, Continental AG, etc.