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The automotive engineering service providers market size is forecast to increase by USD 8.68 billion, at a CAGR of 8.2% between 2023 and 2028. The automotive industry is undergoing substantial expansion due to the automobile sector's growing digitization and electrification trends. Advanced driver assistance systems (ADAS), vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, and automotive over-the-air (OTA) updates are gaining traction as essential connected car technologies. Additionally, the emergence of alternative powertrains, including electric vehicles (EVs) and hydrogen fuel cell vehicles, is fueling the need for engineering services to develop and optimize these intricate systems. As automakers compete to launch innovative and eco-friendly vehicles, the significance of automotive engineering service providers in facilitating these advancements cannot be overstated.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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