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Automotive Engineering Services Market by Application, Service Type, Location (In-house, Outsource), Vehicle Type (Passenger Cars, Commercial Vehicles), Nature Type (Body Leasing, Turnkey), Propulsion (ICE, Electric) and Region - Global Forecast to 2028
Automotive Engineering Services Market
Automotive engineering service providers provide services such as concept/research, designing, prototyping, system integration, testing, among others to various global OEMs and component manufactures. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers (OEMs) to invest in R&D for automotive engineering services.
Automotive research and development are a capital-intensive process. Making an early estimation for a process or technology can be a very risky proposition for the vendors. From the last decade, most of the automotive OEMs across the globe are shifting their business to digital. According to recent statistics, almost all the automotive OEMs have developed their digital strategy for different automotive engineering services
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Key Market Players
The automotive engineering services market is dominated by established players such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and HCL Technologies (India), among others. These companies provide automotive engineering services to global OEMs and component manufacturers. These companies have set up R&D infrastructure and offer best-in-class engineering services to their customers.
KeyTakeways From Market Study Report:
• The increasing adoption of electric vehicles and the introduction of shared mobility are expected to change urban transportation.
• Increasing concerns over air pollution and global warming have compelled the governments of several countries to enforce strict emission policies and regulations for ICE vehicles.
• EV manufacturers such as Tesla, Nissan, and BAIC outsource the design and development of new technologies and solutions to Tier 1 engineering companies.
• This trend is likely to grow with the rise of EV sales and is expected to drive the automotive engineering services market during the forecast period.
• Electrical, electronics, and body controls play a crucial role in handling all the functions dedicated to passenger comfort and convenience.
• Asia Pacific is expected to be the fastest-growing market, with AES providers opening ER&D centres in the region due to lower resource cost and increasing profitability.
• India is also expected to start exclusive programs to promote fuel cells. As of now, India 's presence is seen in the form of installations of backup power fuel cell systems for telecom towers.
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This research report categorizes the automotive engineering services market based on application, location, vehicle type, service type, propulsion, nature type, and region
Based on Vehicle Type:
• Passenger Cars
• Commercial Vehicles
Based on Location:
• In-house
• Outsource
Based on Application:
• ADAS and safety
• Electrical, electronics, and body controls
• Chassis
• Connectivity services
• Interior, exterior, and body engineering
• Powertrain and exhaust
• Simulation
• Battery development and management
• Charger testing
• Motor controls
Based on Service:
• Concept/Research
• Designing
• Prototyping
• System Integration
• Testing
Based on Propulsion:
• ICE
• Electric
Based on Nature Type:
• Body Leasing
• Turnkey
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Recent Developments
• In November 2022, IAV Automotive Engineering (IAV) launched a project which provides a method to find the emission from ICE vehicles on braking. It allows IAV to precisely evaluate the mass, number, and size of fine, ultra-fine particles generated during the braking process. This project was undertaken under the EU emission reduction project.
• In September 2022, Harman International (Harman) launched its new Ready Care service that detects driver behavior and provides solutions for safer driving. It offers solutions like Cognitive Distraction, Stress-Free Routing, and Personalized Comfort along with Herman's connected vehicle solutions to improve driver safety.
• In September 2022, Tech Mahindra launched YANTRA.AI, a cognitive AI solution, to strengthen the company's automotive solution portfolio and provide insights to enterprise partners for better planning and execution of their field services.
• In August 2022, AVL launched its new inverter test system service for testing inverters from e-motors and batteries and provide representation of safety-related reactions with standard specifications. The testing will provide a detailed, comprehensive validation of inverter performance.
• In April 2022, FEV launched its FEV.io Intelligent Mobility Software, which combines its expertise in intelligent mobility, software development, and innovative power solutions. As part of this offering, ADAS and connectivity services will be available for the automotive industry in an all-inclusive software suite.
• In February 2022, Harman International announced the launch of Ready Together and Software Enabled Branded Audio solution for integrated in-car experiences. This solution will combine the company's connected vehicle solution offerings with its best-in-class automotive entertainment offerings for full engagement while driving cars.
• In February 2022, Bertrandt AG started providing radar-based ADAS testing services to its range of engineering services. This will enable its customers to carry out radar measurements and verifications using the testing laboratory before testing in an actual vehicle.
• In January 2022, FEV added a set of offering solutions for developing hybrid electric vehicles. The hybrid-BEV platform eliminates the need for developing multiple platforms for automakers.
Frequently Asked Questions (FAQ):
• What is the current size of the automotive engineering services market?
• Who are the winners in the automotive engineering services market?
• Which region will have the fastest-growing market for automotive engineering services market?
• What are the key technologies affecting the automotive engineering services market?
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