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Automotive Engineering Services Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031 | Capgemini, IAV Automotive Engineering, AKKA Technologies, Bertrandt AG, L&T Technology Services
Automotive Engineering Services Market
Read more about Automotive Engineering Services Market here: https://www.globalinsightservices.com/reports/automotive-engineering-services-market
Automotive engineering services are engineering and technical services related to the design, development, manufacture, and operation of motor vehicles. These services can be provided by individual engineers or by engineering firms that specialize in the automotive industry. Automotive engineering services may include the following:
- Design and development of new vehicles or vehicle components
- Engineering analysis of existing vehicles or components
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Key Trends
There are several key trends in automotive engineering services technology. One is the trend toward more electrification in vehicles. This includes both hybrid and electric vehicles, as well as vehicles with other types of electrification such as 48-volt systems. Another key trend is the move toward autonomous vehicles. This includes both cars and trucks that can drive themselves, as well as cars that can park themselves and other automated features. Another trend is the move toward connected vehicles, which are able to communicate with each other and with infrastructures such as traffic lights and signs.
Key Drivers
There are several key drivers of the automotive engineering services market. They include the need for faster product development cycles, the need for better quality products, and the need for more cost-effective products. The automotive industry is becoming increasingly competitive, and companies are looking for ways to improve their products and shorten their development cycles. Automotive engineering services can help companies achieve these goals.
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Market Segmentation
The Automotive Engineering Services Market is segmented by application, service, vehicle and region. By application, the market is divided into powertrain & exhaust, battery, motor, charger test, and others. By service, the market is classified into research, designing, prototyping, system integration and testing. By vehicle type, the market is bifurcated into passenger car and commercial vehicle. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players of the Automotive Engineering Services Market are Capgemini, IAV Automotive Engineering, AKKA Technologies, Bertrandt AG, L&T Technology Services, Altran, Ricardo, Continental AG, EDAG Engineering GmbH and Semcon.
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