Automotive Engineering Service Market Insights Video
According to Cognitive Market Research, The Global Automotive Engineering Service market size is USD 155.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 8.50% from 2023 to 2030.
The demand for automotive engineering services is rising because of the growing popularity of EV's, improvements to design standards, increased design efficiency, rising demand for zero-emission vehicles, and robust government support, all driving market growth.
The demand for passenger cars demand is still high worldwide. Automotive engineering services have the chance to support the creation of new models and technology to satisfy a range of market demands as emerging markets expand and consumer tastes change.
ADAS and safety held the highest automotive engineering services market revenue share in 2023.
Asia-Pacific automotive engineering services market will continue to lead, whereas the Middle East and Africa automotive engineering services tools market will experience the most substantial growth until 2030.
