This propensity for innovation is likely to secure German enterprise additional
market share in the coming years.
For example, it has largely gone unnoticed
that Germany is leading the way in terms of the number of patents filed in the
pioneering field of autonomous driving – where information technology and
transport are converging.
Market leaders in automotive technology are also
increasingly building electric vehicles and will soon be turning their attention to
hydrogen cars as well. A number of ambitious investment programmes by the
major German car markers provide evidence of this trend. Germany’s highly
innovative engineering companies find themselves in a similarly position. The
transformation to Industry 4.0 is expected to radically alter global supply chains.