2025-2034 Automotive Transmission Engineering Services Outsourcing Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Automotive Transmission Engineering Services Outsourcing Industry Market Size Be by 2025?
The size of the market for automotive transmission engineering services outsourcing has been experiencing stable growth in the previous years. Anticipated to increase from a value of $12.64 billion in 2024 to a predicted $13.21 billion in 2025, it will see a compound annual growth rate (CAGR) of 4.5%. The growth observed in the historic phase is due to factors such as increasing globalization in the automotive sector, a rising need for economically viable engineering solutions, the complexity inherent in contemporary transmission systems, automotive corporations concentrating on their core competencies, and a growing demand for vehicles that use fuel efficiently.

What's the Long-Term Growth Forecast for the Automotive Transmission Engineering Services Outsourcing Market Size Through 2029?
The market for outsourced automotive transmission engineering services is forecasted to experience robust growth in the foroming years, soaring to $16.51 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. This rise during the estimation period can be ascribed to the growing demand for electric and hybrid cars, the increased need for advanced driver assistance systems (ADAS), the escalating demand for connected and autonomous vehicles, the enhanced focus on carbon emission reduction, and the growing need for sophisticated materials in automotive manufacturing. During the forecast period, the main trends include the technological advancement of transmissions, the outsourcing of transmission software development, collaborations between car manufacturers and engineering service providers, the adoption of digital twin technology in transmission engineering services, and the shift towards virtual testing and simulation in transmission design.

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What Are the Key Growth Drivers Fueling the Automotive Transmission Engineering Services Outsourcing Market Expansion?
The accelerated production of hybrid vehicles is anticipated to fuel the expansion of the automotive transmission engineering services outsourcing market throughout the prediction period. Hybrid vehicles, equipped with two or more power sources, one being an electric motor and the other a conventional engine, either diesel or petrol, provide advantages over vehicles running solely on petrol. This has contributed to an uptick in the number of automotive vehicles, thereby escalating the global demand for automotive transmission engineering services outsourcing. A report released in January 2023 by the US Department of Energy, a US institution responsible for managing nuclear infrastructure and energy regulations, reveals that the percentage of new plug-in electric cars (PEV), embracing all-electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV), sold monthly reached 7.4%, surpassing 7% in September 2022 for the first time, with 1.2% being PHEVs. The clean, eco-friendly attributes of hybrid vehicles have heightened their popularity, thus further boosting the automotive transmission engineering services outsourcing market.

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What Are the Key Trends Driving Automotive Transmission Engineering Services Outsourcing Market Growth?
Leading businesses in the automotive transmission engineering services outsourcing market are implementing strategic partnerships as a key tactic to offer propulsion solutions. Such partnerships indicate a process where firms capitalise on the aptitudes and resources of each other to attain mutual advantages and prosperity. For example, in July 2024, Allison Transmission, an American company known for designing, manufacturing, and distributing transmissions along with hybrid propulsion systems, entered into a collaboration with Sweden's BAE Systems Hägglunds, known for developing and improving vehicle systems. The newest partnership marks the enduring professional bond between BAE Systems Hägglunds and Allison. This association provides Allison a golden chance to scale further in the Defense end market. Various programs are expected to create an extra $100 million in annual income.

How Is the Automotive Transmission Engineering Services Outsourcing Market Segmented?
The automotive transmission engineering services outsourcingmarket covered in this report is segmented -

1) By Service Type: Designing, Prototyping, Testing, System Engineering And Integration, Simulation
2) By Powertrain: Conventional, Hybrid
3) By Transmission Type: Automatic, Manual
4) By Application: Commercial Automotive, Industrial Automotive, Passenger Automotive

Subsegments:
1) By Designing: Transmission System Design, Gear Design, Component Design, CAD Modeling And Simulation
2) By Prototyping: Prototype Development, Rapid Prototyping, Functional Prototyping, Prototype Testing
3) By Testing: Performance Testing, Durability Testing, Noise, Vibration, And Harshness (NVH) Testing, Reliability Testing
4) By System Engineering And Integration: Requirements Analysis, System Architecture Development, Integration Of Transmission Systems, Software And Hardware Integration
5) By Simulation: Multi-Body Dynamics Simulation, Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Virtual Prototyping And Testing

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Which Companies Are Leading the Charge in Automotive Transmission Engineering Services Outsourcing Market Innovation?
Major companies operating in the automotive transmission engineering services outsourcing market include AVL List GmbH, FEV Group GmbH, IAV GmbH, Ricardo plc, Intertek Group plc, Bertrandt AG, EDAG Engineering GmbH, Tata Consultancy Services Limited, Marelli Europe SpA, Horiba Ltd., Porsche Engineering Group GmbH, Alten SA, P3 Automotive GmbH, Altair Engineering Inc., RLE International Group, ASAP Holding GmbH, Kistler Holding AG, M Plan GmbH, P+Z Engineering GmbH, Magna International Inc., Robert Bosch GmbH, Akka Technologies India Private Limited, ESG Group Pty Ltd., ITK Engineering GmbH, ZF Friedrichshafen AG, Jatco Ltd., Aisin Seiki Co. Ltd., Infosys Limited, Wipro Limited, HCL Technologies Limited, Tech Mahindra Limited, Capgemini SE

Which Regions Are Leading the Global Automotive Transmission Engineering Services Outsourcing Market in Revenue?
Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market share in 2024. The regions covered in the automotive transmission engineering services outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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