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Automotive Engineering Services Market

Global Automotive Engineering Services Market is estimated to accrue USD 300 billion by 2032, as per the companyu2019s latest research report.

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Automotive Engineering Services Market

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  1. Automotive Engineering Services Market Size, Opportunities, Trends, Share, Revenue Analysis Till 2030 Global Automotive Engineering Services Market is estimated to accrue USD 300 billion by 2032, as per the company’s latest research report. Numerous advancements in automotive technology such as electric vehicles, autonomous driving systems, and connected car solutions are shaping the automotive engineering services industry scenario. The emergence of EVs and complex vehicles with a plethora of electronic systems, software, and sensors have pushed the demand for automotive engineering services (AES). These services assist in designing, developing, and integrating intricate systems, ensuring they work seamlessly together. Moreover, the growing emphasis on vehicle safety, coupled with regulatory compliances are driving the demand for specialized engineering services. Get sample copy of this research report @ https://www.gminsights.com/request- sample/detail/5860 Increasing focus on sustainability to augment designing services demand With respect to type, the industry is segmented into concept/research, designing, prototyping, and system integration. The automotive engineering services market size from designing segment accounted for significant revenues in 2022. There is growing focus on environmental sustainability and fuel efficiency of automobiles which is encouraging automotive manufacturers to emphasis on lightweight design and the use of alternative materials. The shifting trend of outsourcing automotive design services to specialized engineering firms that offers cost & time advantages to automakers is driving the segment growth. Product design & development application to generate industry revenues In terms of application, the automotive engineering services market is categorized into prototyping & testing, product design & development, powertrain optimization, body & interior engineering, software & electronics integration, electric & autonomous vehicle development, chassis, electrical & electronics engineering, and others. The product design & development segment will exhibit a remarkable CAGR between 2023 and 2032, driven by a growing demand for vehicles with advanced features, such as electric and autonomous vehicles. The automotive manufacturers are constantly focusing on launching new products and technologies to stay competitive in the industry. Additionally, stringent regulatory requirements and emission standards imposed by governments necessitates continuous product innovation and engineering enhancements, increasing the demand for AES for product design & development. Strict regulatory norms to push North America industry growth North America automotive engineering services market will amass substantial gains by 2032 due to the increasing demand for zero-emission vehicles and strong government support for emission reduction policies. With the increase in electrification of vehicles, © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

  2. the need for new battery technologies, advanced transmission systems and other solutions will rise in the coming years. The wider acceptance of shared mobility services, with ridesharing requiring advanced connectivity and safety features, will highlight the importance of AES providers for development of novel solutions, thus adding to industry value. Request for customization @ https://www.gminsights.com/roc/5860 Major Automotive Engineering Services Market Players Some of the top players profiled in the automotive engineering services industry report include Alten Group, AKKA Technologies, Assystem Group, Continental AG, Capgemini, EDAG Engineering GmbH, Harman International Industries, FEV Group, IAV GmbH, Mahindra Engineering Services, L&T Technology Services, Ricardo plc, Robert Bosch GmbH, RLE International Group, and Tata Technologies Limited. About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email:sales@gminsights.com © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

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