Global Automotive Engineering Services Market Report 2023: Electrification of Vehicles and Increase in Shared Mobility Drives Growth
The global automotive engineering services market is projected to grow from an estimated USD 153.2 billion in 2022 to USD 243.9 billion by 2028, registering a CAGR of 8.1%.
- The global automotive engineering services market is projected to grow from an estimated USD 153.2 billion in 2022 to USD 243.9 billion by 2028, registering a CAGR of 8.1%.
- The automotive engineering services market is dominated by established players such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and HCL Technologies (India), and others.
- Less complex and task-based services are outsourced to service providers in the automotive engineering services market.
- The outsourcing of automotive engineering services can help automotive OEMs by integrating product development with related operations such as engineering and warranty management.