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Insights Into The Global Automotive Engineering Services Market 2022-2031 Forecast Period

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Insights Into The Global Automotive Engineering Services Market 2022-2031 Forecast Period
Global Automotive Engineering Services Market Report 2022: Market Size, Trends, and Global Forecast to 2026

Global Automotive Engineering Services Market Report 2022: Market Size, Trends, and Global Forecast to 2026

The Business Research Company Global Automotive Engineering Services Market Report 2022: Market Size, Trends, and Forecast to 2026

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According to The Business Research Company’s “Global Automotive Engineering Services Market Report 2022”, the automotive engineering services market is anticipated to reach a value of $220.9 billion by 2022 at a compound annual growth rate (CAGR) of 10.96%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has caused economic sanctions in several countries, an increase in the prices of raw materials and interruptions in the supply chain, which affects many markets. The automotive engineering services market is expected to reach $336 billion by 2026 with a CAGR of 11.06%. The growing demand for zero-emission transportation is expected to fuel the growth of the global market for automotive engineering services.

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Key Trends in the Automotive Engineering Services Market
The use of artificial intelligence (AI) in automotive engineering is a key trend that is gaining popularity. Helpful AI algorithms and drivers help provide a realistic estimate of driving range and optimize energy conservation in electric vehicles, allowing additional driving range to be added. Artificial intelligence is also at the center of self-driving cars, which are becoming increasingly popular in the auto industry. For example, in 2021, US-based automaker Ford collaborated with Google to harness artificial intelligence to improve customer experiences, accelerate product development modernization, improve supply chain management supply and manufacturing, and accelerate the implementation of data-driven business models.

Automotive Engineering Services Market Overview
The automotive engineering services market consists of sales of automotive engineering services by entities (organizations, sole traders, and associations) including mechanical, electrical, software, security, and electronic engineering for automotive design. Automotive engineering services streamline the manufacturing process to improve the overall operating efficiency of the vehicle. Automotive engineering services offer advanced and innovative features in comfort, infotainment and safety through the integration of advanced electronics into vehicles.

Learn more about the Global Automotive Engineering Services Market Report at:

TBRC’s Global Automotive Engineering Services Market Report 2022 covers the following information:

Market size data
Forecast period: historical and future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, US, South America, Middle East, and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.

Market segmentation
By vehicle type: passenger cars, commercial vehicles
By service type: concept/research, design, prototyping, system integration, testing
By type of location: On-Shore, Off-Shore
By Application: Electrical, Electronic & Body Controls, ADAS & Safety, Chassis, Connectivity Services, Powertrain & Exhaust, Interior, Exterior & Body Engineering, Simulation
By Geography – The global automotive engineering services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa. Among these regions, Asia-Pacific has the largest market share.

Major market players such as Capgemini Se, IAV GmbH, Tech Mahindra Limited, AKKA Technologies, Bertrandt AG, Harman International Industries, Inc, Alten Cresttek, L & T Technology Services, Fev Europe Gmbh, Akka Technologies, AVL, FEV, Ricardo

Trends, opportunities, strategies and much more.

Global Automotive Engineering Services Market Report 2022 is one of the comprehensive reports by The Business Research Company that provides insight into the global Automotive Engineering Services market and in-depth Automotive Engineering Services market research. The market report analyzes the size of the Automotive Engineering Services market, the growth drivers of the global Automotive Engineering Services market, the segments of the Automotive Engineering Services market, the main players of the global Automotive Engineering Services market, automotive engineering services market trends, growth of the global automotive engineering services market across geographies and automotive engineering services global market competitors revenue and market positioning. The Automotive Engineering Services Market report allows you to gain insights into opportunities and strategies, as well as identify countries and segments with the greatest potential for growth.

Not what you were looking for? Check out similar reports from The Business Research Company:

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Business Research Company has published more than 3,000 industry reports, covering more than 3,000 market segments and 60 geographies. The reports are based on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.

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