Automotive Engineering Services Market Trends, Analysis & Forecast, 2032

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Automotive Engineering Services Market 2023-2032
Growth Forecast Industry Share Report
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• 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.

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• 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.

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• 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, LT Technology Services, Mahindra
  Engineering Services, Ricardo plc

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