HNY Research projects that the Automotive Transmission Engineering Services Outsourcing market size will grow from USD 10.34 Billion in 2017 to USD 14.44 Billion by 2023, at an estimated CAGR of 5.72%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The increasing sales of passenger cars, stringent emission norms, and adoption of new technologies such as hybrid transmission are driving the automotive transmission engineering services outsourcing market.Hybrid transmission services are projected to witness the fastest growth during the forecast period, owing to the increased demand for fuel-efficient vehicles and stringent emission norms. New government regulations to control pollution levels have led to multiple subsidies and tax benefits for automotive manufacturers as well as customers to promote the sales of hybrid cars. This has boosted the market for hybrid transmission engineering services.
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By Market Players:
AVL??, Ricardo PLC??, FEV GmbH?, Magna International??, IAV GmbH??, Horiba, Ltd??, Intertek Group PLC?, Magneti Marelli S.P.A??, Porsche Engineering?, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
By Transmission Type
Manual Transmission?, Automatic Transmission, , , , , , ,
By Powertrain Type
Hybrid Powertrain?, Conventional Powertrain, , , , , , ,
Designing?, Prototyping?, Testing?, System Engineering & Integration?, Simulation, , , ,
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