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Automotive Engineering Services Market Size
- Report ID: GMI5860
- Published Date: May 2023
- Report Format: PDF
Automotive Engineering Services Market Size
Automotive Engineering Services Market size surpassed USD 150 billion in 2022 and is anticipated to grow at 5% CAGR from 2023 to 2032. The automotive industry is evolving rapidly with the introduction of technologies such as electric power, autonomous driving, connectivity, and Advanced Driver Assistance System (ADAS). These technologies are evolving and require specialized engineering services to design, develop, integrate & test effectively.
The automotive industry relies on professionals to manage complex operations. However, there is a growing concern about the lack of qualified professionals and experts in this field. The lack of technical skills causes problems for auto companies, especially in recruiting and retaining skilled workers. The automotive industry is growing rapidly with developments in areas such as electric vehicles, autonomous driving, connected vehicles, and technology. These advancements require employees with new knowledge & skills in fields such as mechanical engineering, electrical engineering, computer science, and data analysis.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Automotive Engineering Services Market Size in 2022: | USD 150 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 300 Billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 322 |
| Segments covered: | Type, Application, Vehicle Type, Propulsion, Location |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Engineering Services Market Scope
