Automotive engineering

The global automotive engineering services market is expected to grow at a rate of 11% through 2026

Global Automotive Engineering Services Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The business research company covers Automotive Engineering Services market drivers and restraints, major players, and the impact of COVID-19 on the market.

LONDON, GREATER LONDON, UK, May 5, 2022 /EINPresswire.com/ — According to the “Global Automotive Engineering Services Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the size of the automotive engineering services market is expected to grow from $199.0 billion in 2021 to $220.9 billion in 2022 at a compound annual growth rate (CAGR) of 10.96%. The growth of the market is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and business closures. activities that have resulted in operational difficulties. The global automotive engineering services market size is expected to reach USD 336.0 billion in 2026 with a CAGR of 11.06%. Rising demand for emission-free transportation is expected to propel the growth of automotive engineering services market.

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The global automotive engineering services market includes sales of automotive engineering services by entities (organizations, independent traders, and partnerships) that include mechanical, electrical, software, safety, and electronics engineering for automobile design . Automotive engineering services optimize the manufacturing process to improve the overall operational efficiency of the vehicle. Automotive engineering services provide advanced and innovative features in comfort, infotainment and safety through the integration of advanced electronics into vehicles.

Global Automotive Engineering Services Market Trends
The use of artificial intelligence (AI) in automotive engineering is a key trend that is gaining popularity. Useful AI algorithms and controllers help provide realistic range estimation and optimize energy conservation in electric vehicles, ultimately aiding in the addition of additional range. Artificial intelligence is also at the heart of self-driving cars, which are becoming increasingly popular in the automotive industry.

Segments of the Global Automotive Engineering Services Market
The global automotive engineering services market is segmented:
By type of vehicle: Passenger cars, Commercial vehicles
By type of service: concept/research, design, prototyping, systems integration, testing
By location type: On-Shore, Off-Shore
By Application: Electrical, Electronics & 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 accounts for the largest share.

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The Global Automotive Engineering Services Market Report 2022 is part of a series of new reports by The Business Research Company that provides Automotive Engineering Services Market Overviews, Automotive Engineering Services Market Analysis and a forecast of the Automotive Engineering Services market size and growth, the global Automotive Engineering Services market share, Automotive Engineering Services segments and geographies, Engineering Services market players automotive, revenue, profiles and market shares of the main competitors in the automotive engineering services market. The Automotive Engineering Services industry report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

TBRC Automotive Engineering Services Global Market Report 2022 includes information on the following:

Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies

Main market players: 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, EDAG Engineering GmbH, Valmet Automotive, Onward Technologies Ltd, T-NET Japan Co., Ltd, Kistler Group, Continental AG, Semcon and Robert Bosch GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

And more.

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