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The digital car: More revenue, more competition, more cooperation

July 3, 2017
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The traditional automobile industry and companies that, in the past, had no involvement in the sector, are working hard to create software solutions, driver assistance systems and other technologies that will make networked, autonomous, traffic jam and accident-free driving possible. That means the “digital car” in its ideal form is no longer a utopian vision for the future, but is instead gradually taking shape. However, the path to the digital car will be more of an evolution than a revolution. That is the result of factors on both the supply and demand side. They include the considerable development times in the industry and the longevity of its products, cars. Consumer preferences, which have been shaped over decades, are also unlikely to change over night. It will take several decades for digital cars to make up a significant proportion of cars on the road – that is unlikely to happen before 2040. [more]

More documents about "Sectors and resources"

158 (97-108)
May 11, 2015
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97
Despite only marginally higher output in Germany's manufacturing sector in Q1 2015 we are sticking with our full-year production forecast (+1.5% in real terms). The current softness of the euro benefits Germany's export sectors. Nonetheless, companies appear much more upbeat in their assessment of the current situation than in their expectations for the coming months. This is likely due, for example, to continuing geopolitical risks and poorer economic policy conditions in Germany. So it is clear that in the business world not everything is sweetness and light. [more]
April 9, 2015
Region:
98
Biotechnology is one of the key technologies for securing Germany's position as a manufacturing location. While biotechnology research in Germany is being conducted at the leading edge and grants make it easier to set up a biotech firm, young companies often encounter funding bottlenecks when the start-up financing phase comes to an end. One indicator of how grave the funding situation is in Germany is that the average amount of venture capital available to a company is around four times as high in the US as it is in Germany. This funding gap could jeopardise Germany's high-tech strategy objective of beefing up key technologies in the domestic market. [more]
March 30, 2015
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99
Since around 2009, the German healthcare system has been characterised by weak investment. One reason is that public subsidies for the sector have been reduced. This development harbours risks, for only a regular renewal of medical appliances and equipment is likely to ensure the high quality of treatment in Germany in the long term. By contrast, lower investments in the building stock would primarily mean a reduction in the current hospital overcapacities. [more]
March 30, 2015
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100
The combination of the structural global trade slowdown, increased localization of production, demographic changes in Germany, the impact of recent economic policy decisions and further toughening of international competition are likely to be a considerable challenge for German exporters over the medium term. Thus, the domestic economy will play a bigger role again. Government policies can help ease the transition. German exporters could become even more globally active firms over the medium term. The specific reactions will vary by sector, though. The earnings generated by these firms around the globe are likely to be a blessing for an aging and more domestically driven economy in the decades ahead. [more]
March 12, 2015
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101
In 2014, Germany exported goods worth EUR 1.1 tr (+3.7%), which represented a new record high. Conversely, German exports to Russia fell by 18% because of the latter's economic and political problems, with the declines in certain sectors even exceeding 30%. True, the share of total German exports going to Russia has decreased to only 2.6% (2013: 3.3%; 2012: 3.5%), but certain sectors and companies are nevertheless being hit hard by the decline. We expect exports to Russia to drop significantly in 2015, too. Out of Germany's major manufacturing sectors it is probably engineering that is suffering the most as Russia is still one of its biggest foreign markets. [more]
March 9, 2015
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102
While the German economy is generally getting a growth boost from the slump in oil prices, the oil-producing countries are seeing their economic prospects deteriorate. This could bring pressure to bear on German goods exports to these countries, which totalled no less than EUR 73 bn in 2014 (export share: 6.4%), and trigger a 10-15% nominal decrease in 2015. The sectors in Germany that have particularly benefited so far from the oil producers' "petrodollar recycling" include mechanical engineering and other transport equipment (mainly aircraft). In these cases, both the export ratios and the shares of the oil countries in total sector exports are above average. [more]
February 20, 2015
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105
The commercial and data protection foundations for debate about big data may well already be in place. But far removed from the debate about monetisation and data misuse there is another world in which data applications, regardless of their data volumes, can provide a valuable economic benefit to society. Our increasingly digital and data-driven economy enables us to more rapidly detect potential ways to boost efficiency and productivity and subject them to closer scrutiny. In this context, the desire for greater transparency, participation and collaboration provides an important motive for experimenting ultimately in fact with new forms of democratic processes. The initially exponential growth in the volume of data and its intelligent evaluation provide the fertile breeding ground needed for innovation and economic growth in the digital age. [more]
February 6, 2015
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106
Manufacturing output in Germany rose by 1.9% in real terms in 2014. Q4 helped to end the year on an upbeat note, as a decline in output at the end of 2014 – which we had still been forecasting in autumn – did not materialise. The outlook for 2015 has also improved. German industry is getting a boost from the depreciation of the euro, which is materialising faster and more heavily than expected, as well as from the surprisingly steep drop in the oil price. We have therefore recently raised our forecast for manufacturing output in 2015 in real terms ¾% to 1.5%. [more]
February 2, 2015
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107
Late last year we raised our GDP forecast for Germany from 0.8% to 1.0% on account of the steep downside correction on expectations for oil prices. We now expect German GDP growth to hit 1.4% in 2015. Reasons: Growth slightly exceeded expectations in Q4 2014; the oil price forecast for 2015 has been lowered again; and the euro has fallen more sharply against the US dollar than anticipated. Given this good outlook for the economy Germany's public budgets are likely to show a slight surplus again in 2015. Moreover, the current account surplus is set to jump to 8% of GDP. This suggests there will be further calls for Germany to use its fiscal room for manoeuvre to pursue a public investment programme. Also, international criticism of German economic policy is likely to grow louder. Further topics in this issue: German industrial output forecast upped to 1.5%, 10 "golden" rules for ifo, PMI and Co., The view from Berlin. [more]
January 9, 2015
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108
Germany's service sectors have shown themselves to be keener to invest than industry in recent years. The net fixed assets held by the service sectors grew by almost 28% in real terms between 1995 and 2012, although their growth rate has slowed over time. By contrast, the capital stock in the industrial sectors has shrunk by 1.6% in real terms. While, on the one hand, politicians in Germany have been expressing regret or even voicing criticism over the country's current lack of capital spending, on the other they have recently introduced measures (such as their policies on pensions and labour markets) that are hampering investment in Germany rather than stimulating it; this approach is inconsistent. [more]
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