Automotive Engineering Service Providers Market Insights by 2030; COVID-19 Pandemic Set to Drop Sales

Automotive Engineering Service Provider: Introduction

Automotive engineering service providers offer various engineering solutions and services to original equipment manufacturers and industries. The services offered for various automotive applications include chassis, vehicle interior and exterior, and safety systems.

Key Drivers of Automotive Engineering Service Providers Market

Rise in demand for vehicle testing, introduction to artificial intelligence, and 5G connectivity are likely to increase the demand for automotive connected services across the globe. Major original equipment manufacturers across the globe prefer in-house vehicle testing for better results. In-house testing requires components including sensors and IoT devices, which is likely to boost the automotive engineering service providers market across the globe. Rise in demand for connected vehicles across the globe, which consist of simulation and testing of software, is also a key factor driving the automotive engineering service provider market across the globe.
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Rise in competition between automotive service providers and component provider across the globe is likely to propel the automotive engineering service provider market across the globe. Major governments across the globe are supporting service providers to develop efficient vehicles, which is also anticipated to boost the automotive engineering service provider market across the globe. Rise in incorporation of electrification, connected services, and autonomous driving is likely to drive research & development services. This is likely to boost the automotive engineering service providers market across the globe.

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Europe & Asia Pacific to hold significant share of global automotive engineering service providers market

Europe is projected to account for a significant share of the global automotive engineering service providers market owing to an increase in investments by service providers and vehicle manufacturers across Europe. Europe has major presence of vehicle manufacturers, including Volkswagen AG and Daimler AG, which is likely to boost the automotive engineering service providers market across Europe.

Followed by Europe, Asia Pacific is projected to hold a major share of the global automotive engineering service providers market due to an increase in vehicle sales across the region. Presence of major automotive manufacturing industries across China, India, and Japan, who are investing in engineering services, is anticipated to boost the automotive engineering service providers market in Asia Pacific.

Key Players Operating in Automotive Engineering Service Providers Market

The global automotive engineering service providers market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global automotive engineering service providers market are:

AKKA Technologies SE
AVL List GmbH
Bertrandt AG
Capgemini Service SAS
EDAG Engineering Group AG
HCL Technologies Ltd
Larsen & Toubro Ltd
IAV
Robert Bosch GmbH
Alten Group
FEV Group GmbH
Harman International
Altran Technologies
Alten Cresttek
Global Automotive Engineering Service Providers Market: Research Scope
Global Automotive Engineering Service Providers Market, by Service Type
Designing
Prototyping
System Integration
Testing
IT Services
Others

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Global Automotive Engineering Service Providers Market, by Application
Interior, Exterior & Body Engineering
Powertrain & Exhaust
Infotainment & Connectivity
Chassis
Simulation
ADAS & Safety
Others
Global Automotive Engineering Service Providers Market, by Vehicle Type
Passenger Vehicle
Commercial Vehicle
Bus & Coach
Two Wheeler
Global Automotive Engineering Service Providers Market, by Location
In-House
Outsource
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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