Automotive Engineering Services Market by Type (Mechanical, Embedded, Software), by Application (Body Engineering, Chassis Engineering, Powertrain Engineering, Safety Systems, Infotainment Systems, Others), by Location (In-house, Outsource), by By Type (Mechanical, Embedded, Software), by Europe (Germany – By Type, France – By Type, U.K.– By Type, Rest of Europe – By Type), by Asia Pacific (China – By Type, Japan – By Type, India – By Type, South Korea – By Type, Rest of Asia Pacific – By Type) Forecast 2024-2032
The Automotive Engineering Services Marketsize was valued at USD 19.19 USD Billion in 2023 and is projected to reach USD 27.24 USD Billion by 2032, exhibiting a CAGR of 5.13 % during the forecast period. Automotive engineering service definition is varied and may refer to one or many specific processes used to design, build, and/or test automobiles and auto parts. It is common to categorize these services in different ways depending on what they offer and these include product engineering services, process engineering services, and software engineering services. These include designing the vehicles, making prototypes, integrating the systems, testing the vehicles’ performance, and conducting validation of the entire system. Further, they include aspects like autonomous driving, electrical vehicles, and communication systems of cars. Aerosol automotive engineering services are utilized in all sectors of the automotive industry in the development of passenger cars, and commercial, and specialty vehicles. These services have become important in improving the safety, performance, and fuel efficiency of vehicles, satisfying the newer generation of customers in the international automotive Industry.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.13% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.13% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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