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[Report] Automotive Engineering Services Outsourcing Market

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The global market size for automotive engineering service outsourcing reached 96.5 billion USD in 2022. Moving forward, the IMARC Group forecasts a growth rate of 17.1% (CAGR) between 2023 and 2028, predicting it will reach 257.9 billion USD by 2028. Automotive engineering service outsourcing refers to the process of hiring various functions outside of physical engineering, such as design, prototyping, system integration, and testing. These services support various functions, including production, vehicle parts design, and safety testing. They leverage various technological tools and mathematical models and are typically required in the early stages of product design and development processes. Outsourcing automotive technology services helps reduce overall labor costs, improve efficiency and flexibility, and shorten timelines. As a result, these services are widely adopted in commercial vehicles, passenger cars, electric vehicles, and hybrid vehicles (EV/HV).

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