Insights Into The Global Automotive Engineering Services Market 2022-2031 Forecast Period
Automotive Engineering Services Global Market Report 2022– Market Size, Trends, And Global Forecast To 2026
The Business Research Company’s Automotive Engineering Services Global Market Report 2022: Market Size, Trends, And Forecast To 2026
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As per The Business Research Company’s “Automotive Engineering Services Global Market Report 2022”, the automotive engineering services market is predicted to reach a value of $220.9 billion in 2022 at a compound annual growth rate (CAGR) of 10.96{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847}. 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 led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The automotive engineering services market is expected to reach $336.0 billion in 2026 at a CAGR of 11.06{64d42ef84185fe650eef13e078a399812999bbd8b8ee84343ab535e62a252847}. The rising demand for emission-less transportation is expected to propel the growth of the automotive engineering services global market.
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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 gaining popularity. Helpful AI algorithms and controllers aid in providing a realistic driving-range estimation and optimising energy conservation in electric vehicles, allowing for the addition of additional driving range. Artificial intelligence is also at the core of self-driving cars, which are becoming increasingly popular in the automotive industry. For instance, in 2021, US-based automobile manufacturer Ford collaborated with Google to leverage AI to improve customer experiences, accelerate the modernization of product development, enhance manufacturing and supply chain management, and fast track the implementation of data-driven business models.
Overview Of The Automotive Engineering Services Market
The automotive engineering services market consists of sales of automotive engineering services by entities (organizations, sole traders, and partnerships) that include mechanical, electrical, software, safety, and electronics engineering for the designing of automotives. Automotive engineering services optimise the manufacturing process to improve the overall operational 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.
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Automotive Engineering Services Global Market Report 2022 from TBRC covers the following information:
Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
By Vehicle Type: Passenger Cars, Commercial Vehicles
By Service Type: Concept/Research, Designing, Prototyping, System Integration, Testing
By Location Type: On-Shore, Off-Shore
By Application: Electrical, Electronics and Body Controls, ADAS and Safety, Chassis, Connectivity Services, Powertrain and Exhaust, Interior, Exterior, and 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 holds the largest share in the market.
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 So Much More.
Automotive Engineering Services Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides automotive engineering services global market outlook and in-depth automotive engineering services market research. The market report analyzes automotive engineering services market size, automotive engineering services global market growth drivers, automotive engineering services market segments, automotive engineering services global market major players, automotive engineering services market trends, automotive engineering services global market growth across geographies, and automotive engineering services global market competitors’ revenues and market positioning. The automotive engineering services market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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