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The automotive transmission engineering services outsourcing market has witnessed steady growth in recent years, with significant projections for the future. Here’s a closer look at the key drivers and trends fueling this growth:

Market Growth and Projections

• The market size is set to increase from $12.19 billion in 2023 to $12.7 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 4.2%.
• Forecast suggests further expansion, reaching $15.41 billion by 2028, with a CAGR of 4.9%.

Factors Contributing to Growth

• Globalization of the automotive industry
• Demand for cost-effective engineering solutions
• Complexity of modern transmission systems
• Focus on core competencies by automotive companies
• Increasing demand for fuel-efficient vehicles

Forecasted Growth Drivers

• Growing demand for hybrid and electric vehicles
• Increasing demand for advanced driver assistance systems (ADAS)
• Growing demand for connected cars and autonomous vehicles
• Focus on reducing carbon emissions
• Demand for advanced materials in automotive manufacturing

Major Trends Shaping the Future

• Advancements in transmission technology
• Outsourcing of transmission software development
• Collaboration between automotive manufacturers and engineering service providers
• Adoption of digital twin technology in transmission engineering services
• Shift towards virtual testing and simulation in transmission design

Rising Hybrid Car Demand Boosts Market

• Hybrid vehicles’ increasing production propels growth.
• Hybrid cars offer environmental benefits and are gaining popularity.
• Hybrid vehicles accounted for 19.6% of all new passenger cars sold in the EU in 2021.

Key Players in the Market

• Major companies in the automotive transmission engineering services outsourcing market include AVL List GmbH, FEV Group GmbH, IAV GmbH, and more.
• These companies provide essential services and drive innovation in the industry.

Read The Full Automotive Transmission Engineering Services Outsourcing Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-transmission-engineering-services-outsourcing-global-market-report

Technological Advancements Drive Growth

• New technological advancements are revolutionizing automotive transmission engineering services outsourcing.
• Companies like IAV and MIT are collaborating on research projects for alternative propulsion systems.
• Apollo Future Mobility Group’s acquisition of Ideenion Automobile AG expands new energy vehicle solutions.

Segmentation of the Market

1. By Service Type:
   • Designing
   • Prototyping
   • Testing
   • System Engineering and Integration
   • Simulation
2. By Powertrain:
   • Conventional
   • Hybrid
3. By Transmission Type:
   • Automatic
   • Manual
4. By Application:
   • Commercial Automotive
   • Industrial Automotive
   • Passenger Automotive

Asia-Pacific Leading Market Share

• Asia-Pacific emerged as the largest region in the automotive transmission engineering services outsourcing market in 2023.
• The region’s dominance reflects the growth of the automotive industry in countries like China and India.

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The Automotive Transmission Engineering Services Outsourcing Global Market Report 2024  provides an overview of the automotive transmission engineering services outsourcing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive transmission engineering services outsourcing market forecast analyzes automotive transmission engineering services outsourcing market size, automotive transmission engineering services outsourcing market share, leading competitor and their market positions.

The Table Of Content For The Automotive Transmission Engineering Services Outsourcing Market Include:
1. Automotive Transmission Engineering Services Outsourcing Market Executive Summary
2. Automotive Transmission Engineering Services Outsourcing Market Segments
3. Automotive Transmission Engineering Services Outsourcing Market Size And Automotive Transmission Engineering Services Outsourcing Market Growth Rate
4. Key Automotive Transmission Engineering Services Outsourcing Market Trends
5. Major Automotive Transmission Engineering Services Outsourcing Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Transmission Engineering Services Outsourcing Market
26. Top Automotive Transmission Engineering Services Outsourcing Companies
27. Automotive Transmission Engineering Services Outsourcing Market Opportunities And Strategies
28. Automotive Transmission Engineering Services Outsourcing Market, Conclusions And Recommendations
29. Appendix

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