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The German automotive telematics market is predicted to attain a revenue of $7,748.0 million by 2030, increasing from $1.408.2 million in 2019, progressing at a 16.5% CAGR during the forecast period (2020-2030)
The market is registering growth due to the extensive government support, in terms of regulation and policy formulation, for integrating such systems in automobiles, and rising preference for a safer driving alternative. On the basis of product type, the market is divided into integrated, embedded, and tethered.
Out of all these, the embedded division held the major share of the market in the past, owing to the regulatory policies in the EU that mandating the use of telematics systems. In addition to this, the division is also growing due to the rising demand for cloud-based services and increasing requirement for optimizing cost of service plans. The integrated division is expected to register the highest CAGR during the forecast period.