The Business Research Company’s report on the Automotive Transmission Engineering Services Outsourcing Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the automotive transmission engineering services outsourcing market in recent years?
The increasing production of hybrid vehicles will propel the growth of the automotive transmission engineering services outsourcing market during the forecast period. A hybrid automobile has two or more engines, one of which is an electric motor and the other is a traditional engine, either petrol or diesel. The benefit of a hybrid car over a gasoline-powered car is leading an increase in automotive vehicles, resulting in the growth of the automotive transmission engineering services outsourcing across the globe. For instance, in January 2023, according to a report published by the US Department of Energy, a US-based agency that manages nuclear infrastructure and energy policies, the monthly sales of new plug-in electric cars (PEV), which include all-electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV), reached 7.4%, exceeding 7% for the first time in September 2022. 1.2% of them were PHEVs. The environmentally friendly nature of hybrid vehicles has increased the demand for hybrid vehicles, and it is driving the automotive transmission engineering services outsourcing market.
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What is the projected market size of the automotive transmission engineering services outsourcing industry, and how is it expected to grow?
The automotive transmission engineering services outsourcing market size has grown steadily in recent years. It will grow from $12.64 billion in 2024 to $13.17 billion in 2025 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 strong growth in the next few years. It will grow to $16.41 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. 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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Who are the key players driving competition in the automotive transmission engineering services outsourcing market?
Major companies operating in the automotive transmission engineering services outsourcing market include AVL List GmbH, FEV Group GmbH, IAV GmbH, Ricardo plc, Intertek Group plc, Bertrandt AG, EDAG Engineering GmbH, Tata Consultancy Services Limited, Marelli Europe SpA, Horiba Ltd., Porsche Engineering Group GmbH, Alten SA, P3 Automotive GmbH, Altair Engineering Inc., RLE International Group, ASAP Holding GmbH, Kistler Holding AG, M Plan GmbH, P+Z Engineering GmbH, Magna International Inc., Robert Bosch GmbH, Akka Technologies India Private Limited, ESG Group Pty Ltd., ITK Engineering GmbH, ZF Friedrichshafen AG, Jatco Ltd., Aisin Seiki Co. Ltd., Infosys Limited, Wipro Limited, HCL Technologies Limited, Tech Mahindra Limited, Capgemini SE
What key trends are expected to drive the automotive tire pressure monitoring system market during the forecast period?
Major companies operating in the automotive transmission engineering services outsourcing market are adopting a strategic partnership approach to provide propulsion solutions. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in July 2024, Allison Transmission, a US-based company that designs, develops, manufactures, and distributes transmissions and hybrid propulsion systems, partnered with BAE Systems Hägglunds, a Sweden-based company that develops, provides, and upgrades vehicle systems. This recent collaboration signifies the continuation of a long-standing relationship between BAE Systems Hägglunds and Allison. It presents an opportunity for Allison to achieve further growth in its Defense end market, with numerous programs anticipated to generate an additional $100 million in annual revenue.
Which key geographies are driving the growth of the automotive transmission engineering services outsourcing market?
Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market share in 2024. The regions covered in the automotive transmission engineering services outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the automotive transmission engineering services outsourcing market?
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
Subsegments:
1) By Designing: Transmission System Design, Gear Design, Component Design, CAD Modeling And Simulation
2) By Prototyping: Prototype Development, Rapid Prototyping, Functional Prototyping, Prototype Testing
3) By Testing: Performance Testing, Durability Testing, Noise, Vibration, And Harshness (NVH) Testing, Reliability Testing
4) By System Engineering And Integration: Requirements Analysis, System Architecture Development, Integration Of Transmission Systems, Software And Hardware Integration
5) By Simulation: Multi-Body Dynamics Simulation, Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Virtual Prototyping And Testing
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What defines the structure and scope of the automotive transmission engineering services outsourcing market?
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.
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