Press release
Automotive Engineering Services Market was valued at USD 166.94 Bn. in 2023, and it is anticipated to grow at a CAGR of 8.9% through 2023 to 2029
Automotive Engineering Services Market
The Automotive Engineering Services Market report provides an in-depth analysis of the market's current state and future growth prospects. It encompasses various service types such as Connectivity, Designing, Prototyping, System Integration, and Testing, along with application types like ADAS and Safety, Chassis, Connectivity Services, Powertrain and Exhaust, and more. The report also covers regional insights, including market trends and opportunities in North America, Europe, Asia Pacific, Middle East and Africa, and South America. Key players in the industry, their strategies, and market share are also discussed.
The report is based on extensive research and analysis of complex data presented in a straightforward language. It includes historical data from 2017 to 2023, forecasting the market size and trends up to 2029. The study involves comprehensive evaluation of key players, market leaders, followers, and new entrants.
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What are Automotive Engineering Services Market Dynamics:
R&D Investment by the Automobile Industry: The consistent rise in consumer trust in engineering services and significant R&D investments made by automobile manufacturers drive the market's growth. Major OEMs, such as Renault, Volkswagen, BMW AG, Daimler AG, and Ford Motor Company, utilize automotive engineering services to enhance safety systems, develop autonomous driving features, and meet strict government regulations.
Growth in Autonomous Vehicles: The development and adoption of autonomous vehicles are significant driving factors for automotive engineering services. Advanced engineering services are required for autonomous vehicles to respond to their environment, improve traffic safety, and reduce human errors in driving. The automotive engineering sector plays a crucial role in enhancing the capabilities of self-driving vehicles.
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Automotive Engineering Services Market Regional Insights:
The Asia Pacific dominated the market in 2023, accounting for approximately 42.0% of the revenue share. Factors such as increased vehicle production, rising demand for luxury vehicles, and growing adoption of electric automobiles contribute to the region's market dominance. North America is expected to experience rapid expansion during the forecast period.
The report provides comprehensive insights into the market landscape, key trends, and growth opportunities. For more information and a detailed research methodology, please request a free sample report.
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What is Automotive Engineering Services Market Segmentation:
by Service Type
1. Connectivity
2. Designing
3.Prototyping
4. System Integration
5.Testing
by location
1. In-house
2.Out-source
by Application
1. ADAS and Safety
2. Electrical, Electronics, and Body Controls
3. Chassis
4. Connectivity Services
5. Interior, Exterior, and Body Engineering
6. Powertrain and Exhaust
7. Simulation
8. Battery Development & Management
9. Charger Testing
10 Motor Control
11. Others
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Who are Automotive Engineering Services Market Key Players:
1.Altair Engineering Inc. (US)
2. Pilot Systems International (US)
3. HARMAN International (US)
4. EPAM Systems (US)
5. GlobalLogic (US)
6. Belcan (US)
7. Hunter Engineering Company (US)
8. Alten Group (France)
9. Altran (Capgemini Engineering) (France)
10 ESI Group (France)
11. ASAP Holding Gmbh (Germany)
12. ESG Elektroniksystem- und Logistik-GmbH (Germany)
13. FEV Group GmbH (Germany)
14. Bertrandt AG (Germany)
15. EDAG Group (Germany)
16. ITK Engineering GmbH (Germany)
17. P3 group GmbH (Germany)
18. Robert Bosch GmbH (Germany)
19. IAV (Germany)
20. Continental AG (Germany)
21. L&T Technology Services Limited (India)
22. HCL Technologies Limited (India)
23. Onward Technologies Ltd. (India)
24. Horiba, LTD. (Japan)
25. Ricardo (UK)
26. Akka Technologies (Belgium)
27. Valmet Automotive (Finland)
28. Semcon (Sweden)
29. AVL List GmbH (Austria)
Table of content for the Automotive Engineering Services Market includes:
Global Automotive Engineering Services Market: Research Methodology
Global Automotive Engineering Services Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Automotive Engineering Services Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Automotive Engineering Services Market Segmentation
Global Market, by Service Type (2023-2029)
Global Market, by location (2023-2029)
Global Market, by Application (2023-2029)
Regional Automotive Engineering Services Market (2021-2029)
Regional Market, by Service Type (2023-2029)
Regional Market, by location (2023-2029)
Regional Market, by Application (2023-2029)
Regional Market, by Country (2023-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Service Type , location and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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