Hardware Engineering and Design Services Market Growth Analysis, Trends, Developments and Forecast to 2027 - id3 Technologies, Velvetech, Softeq

The “Hardware Engineering and Design Services” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, the impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Hardware Engineering and Design Services Market is predicted to register a CAGR of 8.3% over the forecast period 2021 – 2027.”

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Key Competitors of the Hardware Engineering and Design Services market is: Arrow Electronics Inc, Mindteck, Accord Global Technology Solutions Private Limited, Glide Technology Pvt Ltd, VOLANSYS Technologies, Rapidsoft Systems, Inc, id3 Technologies, Velvetech, Softeq, , EnCata, Mistral, VIA Technologies?Inc, Einfochips, Faststream Technologies, Cambridge Logic, Radixweb, Capgemini, Sasken, Continental Engineering Services

Market Overview

According to Consumer Technology Association, smart city spending globally would reach USD 35.35 billion from USD 14.85 billion in 2015. Engineering services firms are critical enablers of this global vision as they are upgrading infrastructure to incorporate sensing technology and data analytics that could improve the lives of the people. Thus, the new investments for industry expansion and massive infrastructure investments in countries such as India, Indonesia, and China are now fuelling the growth of engineering and design services.
Moreover, another factor driving the market is the digitization which has triggered organizations to demand advanced IT solutions such as engineering analytics, internet of things (IoT), and artificial intelligence (AI) to gain an edge over their competitors and maintain the momentum of the company. This is the result of the increasing penetration of industrial IoT in several industry verticals, with this the demand for engineering services sees an exponential growth for managing the complex connected infrastructure.

This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Hardware Engineering and Design Services market within the upcoming years.

The Hardware Engineering and Design Services market is often split supported product types, major applications, and important countries as follows:

Major Types covered are:

Product & Component Design

Process Engineering

Maintenance, Repair & Operations

Computer-Aided Design

Others

Major Applications covered are:

Wearable Devices

Home & Industrial Automation

IoT

Consumer Electronics Products

Healthcare Devices

Security & Surveillance

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Key Market Trends

Civil Engineering Services is Expected to Register a Significant Growth

The rising demand for environment-friendly buildings coupled with government initiatives to revamp the country's depleted infrastructure and increasing public and private sector investments in residential, commercial, healthcare, and educational infrastructure construction projects globally are providing civil engineering market to expand exponentially.
For instance, in February 2018, the White House released "Legislative Outline for Rebuilding Infrastructure in America," which aims to increase investment in US infrastructure and accelerate the delivery of significant projects. The White House would provide USD 200 billion to spur a projected USD 1.5 trillion in new infrastructure investment in the next ten years. 

Regional market Hardware Engineering and Design Services (regional production, demand and forecast by country):

Asia- Pacific to Witness Fastest Growth

The Asia-Pacific region is being dominated by two highly populated country i.e., India and China. China is making significant infrastructural investments to expand 163,000 kilometers for gas, 37,000 for crude, and 40,000 for oil products. The new 40,000 km new gas pipeline is expected to connect 470 million new people by 2025. Such investments provide opportunities for engineering services to spur in the region, considering the functional benefits that the engineering services can provide.
Moreover, with levels of urbanization to reach 50 %in APAC by 2020, there will be increased consumption of products and services, encouraging various industries to develop their facilities and offices in these economies. Hence, this would provide an ample opportunity for the engineering services market to increase its footprint in the region.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Competitive Landscape

October 2019 - Balfour Beatty partnered with the North Carolina Department of Transportation (NCDOT) to improve traffic on a 5.1-mile stretch of U.S. 70 in James City in Craven County. The project is designed to improve access to local community services and enhance economic development in the area. The work is expected to be completed in 2023.
October 2019 -  AECOM announced that they had secured a multi-million-pound contract with Heathrow Airport as lead designer for its Future Terminal 2 (T2) Programme. Under this 8-year contract, AECOM would design and deliver project management services for a new baggage handling system and infrastructure to support the expected growth in passenger numbers at T2. This project is expected to result in providing timely and efficient baggage handling, by enhancing the passenger experience and expanding capacity for future transactions.

Report Features:

To project the worth and sales volume of the Hardware Engineering and Design Services market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Hardware Engineering and Design Services market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Hardware Engineering and Design Services market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

Report Customization:

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