Automotive Engineering Services Market worth $253.9 billion by 2027 - Exclusive Report by MarketsandMarkets 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 , published by MarketsandMarkets, the market 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.
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