Automotive Engineering Services Market
Automotive Engineering Services Market Size And Forecast
Automotive Engineering Services Market was valued at USD 148 Billion in 2018 and is projected to reach USD 375 Billion by 2026, growing at a CAGR of 11.78% from 2019 to 2026.
Global Automotive Engineering Services Market Outlook
Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Ongoing technological advancements for the development of autonomous vehicles with features such as advanced driver-assistance systems (ADAS) and vehicle electrification are among the crucial factors driving the growth of the global automotive engineering services market. Furthermore, deployment of internet of things (IoT) and artificial intelligence in vehicle systems have instrumental in stimulating the market growth. However, increasing level of competitive rivalry among the prominent vendors in the market may restrict the market growth.
Global Automotive Engineering Services Market Competitive Landscape
The Global Automotive Engineering Services Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as AVL, HORIBA Ltd., FEV Group, Alten GmbH, IAV GmbH, and MBtech Group GmbH.
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