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Automotive Engineering Services Market Trends, Analysis & Forecast, 2032

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.

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Automotive Engineering Services Market Trends, Analysis & Forecast, 2032

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  1. Automotive Engineering Services Market 2023-2032; Growth Forecast & Industry Share Report

  2. Industry Insights • 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. • 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.

  3. 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. • 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.

  4. Regional Analysis • 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, the need for new battery technologies, advanced transmission systems and other solutions will rise in the coming years. • Competitive Analysis • AKKA Technologies, Alten Group, Assystem Group, Capgemini, Continental AG, EDAG Engineering GmbH, FEV Group, Harman International Industries, IAV GmbH, L&T Technology Services, Mahindra Engineering Services, Ricardo plc

  5. Automotive Engineering Services Market @ https://www.gminsights.com/industry-analysis/automotive-engineering-services-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/5860 Request for customization: https://www.gminsights.com/roc/5860

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