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Automotive Engineering Services Market Size, Segments, Share and Growth Factor Analysis, Top Key Players Research Report by Forecast 2022-2026
Automotive Engineering Services Market
The regions covered in the automotive engineering services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest automotive engineering services market share.
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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.
Key competitors in the automotive engineering services market include 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.
The global automotive engineering services market size 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 in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive engineering service market size is expected to reach $336.0 billion in 2026 at a CAGR of 11.06%.
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TBRC's report segments the global automotive engineering services market:
1) By Vehicle Type: Passenger Cars, Commercial Vehicles
2) By Service Type: Concept/Research, Designing, Prototyping, System Integration, Testing
3) By Location Type: On-Shore, Off-Shore
4) By Application: Electrical, Electronics and Body Controls, ADAS and Safety, Chassis, Connectivity Services, Powertrain and Exhaust, Interior, Exterior, and Body Engineering, Simulation
Read Further On The Automotive Engineering Services Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-engineering-services-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Engineering Services Market Characteristics
3. Automotive Engineering Services Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Engineering Services
5. Automotive Engineering Services Market Size And Growth
.....
27. Automotive Engineering Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Engineering Services Market
29. Automotive Engineering Services Market Future Outlook and Potential Analysis
30. Appendix
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