Automotive Engineering Services Market Projected to reach $253.9 billion by 2027
The report “ Automotive Engineering Services Market by Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location & Vehicle – Forecast to 2027″ , is projected to grow at a CAGR of 8.8% from USD 153.3 billion in 2021 to USD 253.9 billion by 2027. The growth of the automotive engineering services market is driven by the rising sales of electric vehicles, increasing R&D investments in the automotive industry, the advent of autonomous vehicles, and the high implementation of connectivity services. Europe is expected to be the largest automotive engineering services market in the forecast Europe is estimated to account for a share of 43.0% of the global automotive engineering services market in 2021, and the market in this region is projected to register a CAGR of 8.9% during the forecast period. For the market analysis, Euro...