The automotive transmission engineering services outsourcing refer to services that provide outsourced development assistance for cutting-edge powertrain systems. Automotive transmission engineering is an important process in the manufacturing of automobiles, and it is done to make sure that the power flow from the engine to the wheels for ensuring the movement of the vehicle.
The main service types of automotive transmission engineering services outsourcing are designing, prototyping, testing, system engineering and integration, and simulation. The designing services include expert knowledge and modelling components, concept generation and assessment, and using components that are automatically proportioned. The design services also include providing a fresh set of driveline components or systems to utilize as a starting point for the final design. The two types of powertrains are conventional and hybrid which support automatic and manual transmission types. The automotive transmission engineering services outsourcing services are applied for commercial automotive, industrial automotive, and passenger automotive.
The automotive transmission engineering services outsourcing market covered in this report is segmented –
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
The automotive transmission engineering services outsourcing market size has grown steadily in recent years. It will grow from $12.19 billion in 2023 to $12.7 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to globalization of 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.
The automotive transmission engineering services outsourcing market size is expected to see steady growth in the next few years. It will grow to $15.41 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to growing demand for hybrid and electric vehicles, increasing demand for advanced driver assistance systems (ADAS), growing demand for connected cars and autonomous vehicles, increasing focus on reducing carbon emissions, growing demand for advanced materials in automotive manufacturing. Major trends in the forecast period include 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.
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Automotive Transmission Engineering Services Outsourcing TOC
1. Executive Summary
2. Automotive Transmission Engineering Services Outsourcing Market Characteristics
3. Automotive Transmission Engineering Services Outsourcing Market Trends And Strategies
4. Automotive Transmission Engineering Services Outsourcing Market – Macro Economic Scenario
5. Global Automotive Transmission Engineering Services Outsourcing Market Size and Growth
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31. Global Automotive Transmission Engineering Services Outsourcing Market Competitive Benchmarking
32. Global Automotive Transmission Engineering Services Outsourcing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Transmission Engineering Services Outsourcing Market
34. Automotive Transmission Engineering Services Outsourcing Market Future Outlook and Potential Analysis
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