Automotive Engineering Services Market Anticipated to Grow Rapidly During 2027 - Top Companies Altran Technologies SA, AVL List GmbH, Bertrandt AG, Capgemini SE, FEV Europe GmbH, HCL, IAV GmbH, L&T Technology and Ricardo
The demand for automotive engineering services is gaining traction with the increasing trend of emission less transportation and the need for advanced safety features. Increasing developments and growth of the automotive industries in the emerging economies is propelling the growth of the automotive engineering services market. Europe market is likely to witness key growth on account of a large number of manufacturers in the region.
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The automotive engineering services market is anticipated to grow in the forecast period owing to driving factors such as developments and adoption of electric vehicles and increasing demand for advanced connectivity solutions.
However, the shift in business model and IP constraints are some factors restraining the growth of the automotive engineering services market during the forecast period. On the other hand, the growth of autonomous vehicles offers lucrative opportunities for market players in the coming years.
Top Leading Market Players:
1. AKKA Technologies Group
2. Altran Technologies SA
3. AVL List GmbH
4. Bertrandt AG
5. Capgemini SE
6. FEV Europe GmbH
7. HCL Technologies Limited
8. IAV GmbH
9. L&T Technology Services Ltd
10. Ricardo plc
Market Segmentation :
The global automotive engineering services market is segmented on the basis of service type, application, location, and vehicle type. By service type, the market is segmented as designing, prototyping, testing, system integration, and concept/research. Based on application, the market is segmented as ADAS and safety, chassis, simulation, electrical, electronics, and body controls, connectivity services, powertrain and exhaust, interior, exterior, and body engineering, and others. On the basis of the location, the market is segmented as outsource and in-house. The market on the basis of the vehicle type is classified as passenger cars, light commercial vehicles, and medium & heavy commercial vehhicles.
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Automotive Engineering Services Market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The Automotive Engineering Services Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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What our report offers :
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Automotive Engineering Services Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Automotive Engineering Services, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The Insight partners,
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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