$220.9+ Billion Worldwide Automotive Engineering Services Industry to 2031 – Rising Demand for Emission-Less Transportation Drives Growth – ResearchAndMarkets.com


Dublin–(business wire)–“Automotive Engineering Services Global Market Report 2022” report added of ResearchAndMarkets.com Recruitment.

This report provides strategists, marketers, and senior executives with the key information needed to evaluate the global automotive engineering services market.

The global automotive engineering services market is projected to grow from $199 billion in 2021 to $220.9 billion in 2022, at a compound annual growth rate (CAGR) of 10.96%.

This growth is largely due to businesses resuming operations and adapting to new normals while recovering from the impact of COVID-19. The impact of COVID-19 has previously led to restrictive containment measures including social distancing, remote work and the closure of commercial activities. with operational challenges. The market is expected to reach $336 billion in 2026 with a CAGR of 11.06%.

companies mentioned

  • catch him

  • IAV GmbH

  • Tech Mahindra Limited

  • AKKA Technologies

  • Bertrand AG

  • Harman International Industries Co., Ltd.

  • Old Crestec

  • L&T Technology Service

  • Fev Europe GmbH

  • Akka Technologies

  • AVL

  • FEV

  • Ricardo

  • EDAG Engineering GmbH

  • valmet automotive

  • Onward Technologies Co., Ltd.

  • T-net Japan Co., Ltd.

  • kistler group

  • Continental AG

  • SEMCON

  • Robert Bosch GmbH

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The automotive engineering services market consists of the sale of automotive engineering services by entities (organizations, sole proprietorships, and partnerships) involving mechanical, electrical, software, safety, and electronics engineering for vehicle design.

Automotive engineering services optimize manufacturing processes and improve overall vehicle operational efficiency. Automotive engineering services integrate advanced electronics into vehicles to deliver advanced and innovative features in comfort, infotainment and safety.

The main vehicle types covered by our automotive engineering services include passenger cars and commercial vehicles. The passenger car was designed and built to carry a passenger and has less than 8 seats for him, excluding the driver’s seat. Various automotive engineering service types include concept/research, design, prototyping, system integration, and testing.

Automotive engineering services are deployed onshore and offshore for a variety of applications including electrical, electronic, body control, ADAS and safety, chassis, connectivity services, powertrain and exhaust, interior, exterior, body engineering and simulation. increase.

Asia-Pacific was the largest region for the automotive engineering services market in 2021. The regions covered by this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rising demand for low emission transportation is expected to drive the growth of the automotive engineering services market. The use of fossil fuels such as diesel and gasoline releases greenhouse gases such as carbon dioxide, methane, hydrofluorocarbons and nitrous oxide into the atmosphere, resulting in climate change and low-emission transportation such as electric vehicles. Demand for equipment will increase.

For example, in 2021, electric vehicle sales will double from 3 million in 2020 to 6.6 million. Rising demand for low-emission transportation means will reduce fossil fuel consumption and reduce greenhouse gas emissions. Demand for low-emission transportation and growing awareness of low-emission transportation are expected to drive the automotive engineering services market.

The use of artificial intelligence (AI) in automotive engineering is an important and growing trend. Helpful AI algorithms and controllers provide realistic mileage estimates, help optimize energy savings in electric vehicles, and ultimately help add mileage. Artificial intelligence is also at the core of self-driving cars, which are becoming increasingly popular in the automotive industry.

For example, in 2021, US-based automaker Ford will work with Google to leverage AI to improve the customer experience, accelerate product development modernization, enhance manufacturing and supply chain management, and improve data Rapidly implemented a driven business model.

The countries covered by the automotive engineering services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and United States.

For more information on this report, please visit https://www.researchandmarkets.com/r/9yvwx9.



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