The Latin America, Middle East and Africa Automotive Engineering Services Outsourcing Market would witness market growth of 13.2% CAGR during the forecast period (2022-2028).
It is predicted that the power train and after-treatment sector will gain more market share. Increased OEM investment in powertrain technology might accelerate the segment's growth. Additionally, prototyping is becoming increasingly popular for uses like the growing usage of 3D printing technology by the automobile sector to create a model of a full vehicle or a prototype of an assembly.
Along with aerospace engineering and naval architecture, automotive engineering is possibly a subfield of engineering that integrates aspects of mechanical, electronic, electrical, software, and safety engineering into the design, production, and use of motorcycles, cars, and trucks and their individual engineering subsystems.
The modification of automobiles is also included. It also encompasses the manufacturing sector, which deals with the production and assembly of all the components for vehicles. The discipline of automobile engineering requires a lot of studies and often uses mathematical models and calculations.
A website named the Dubai EV Community Hub was developed by the Dubai Electricity and Water Authority (DEWA) in an attempt to promote the use of electric vehicles (EVs) in Dubai. This is a component of DEWA's initiatives to promote the usage of environmentally friendly transportation options and strengthen Dubai's status as a hub for sustainable development. The most current EV-related policies, goals, incentives, and legislation are described in detail on the EV Community Hub website. The latest EV models that are available in the UAE are also covered, as are the configuration, features, and locations of charging stations, as well as the insurance options and green vehicle loans that are offered for the purchase of EVs.
The Brazil market dominated the LAMEA Automotive Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,974.4 million by 2028.The Argentina market is experiencing a CAGR of 13.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.9% during (2022 - 2028).
Based on Application, the market is segmented into Powertrain & After-treatment, Body & Chassis, Infotainment & Connectivity, Autonomous Driving/ADAS and Others. Based on Location, the market is segmented into On-shore and Off-shore. Based on Service, the market is segmented into Prototyping, System Integration, Testing, Designing and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Automotive Engineering Services Outsourcing Market is Predict to reach $161.3 Billion by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AKKA Technologies SE (Adecco Group AG) update parent company, Altair Engineering, Inc., ALTEN, AVL List GmbH, Horiba Ltd., Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), Tech Mahindra Limited, FEV Group GmbH, and RLE International Group.
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