Automotive Engineering Services Market by Service Type (Concept or Research, Designing, Prototyping), Location (In-House, Outsource), Vehicle Type, Engine Type, Application - Global Forecast 2023-2030
The Automotive Engineering Services Market is projected to reach USD 366.80 billion by 2030 from USD 173.02 billion in 2022, at a CAGR of 9.84% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Automotive Engineering Services Market.
- Based on Service Type, market is studied across Concept or Research, Designing, Prototyping, System Integration, and Testing. The Prototyping commanded largest market share of 39.32% in 2022, followed by System Integration.
- Based on Location, market is studied across In-House and Outsource. The In-House commanded largest market share of 78.77% in 2022, followed by Outsource.
- Based on Vehicle Type, market is studied across Commercial Vehicle and Passenger Car. The Passenger Car commanded largest market share of 59.32% in 2022, followed by Commercial Vehicle.
- Based on Engine Type, market is studied across Electric Vehicle and Internal Combustion Engine. The Internal Combustion Engine commanded largest market share of 67.23% in 2022, followed by Electric Vehicle.
- Based on Application, market is studied across ADAS & Safety, Chassis, Connectivity Services, Electrical, Electronics & Body Controls, Interior, Exterior & Body Engineering, Powertrain & Exhaust, and Simulation. The Chassis commanded largest market share of 23.51% in 2022, followed by Powertrain & Exhaust.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.23% in 2022, followed by Americas.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Automotive Engineering Services Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Automotive Engineering Services Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Engineering Services Market, highlighting leading vendors and their innovative profiles. These include 3E Rapid Prototyping Ltd, AKKA Technologies SE, Altair Engineering Inc., ALTEN Group, ASM Technologies Limited, Aurora Innovation Inc., AVL List GmbH, Belcan, LLC, Bertrandt AG, BOLAB Systems GmbH, Capgemini SE, Continental AG, DEKRA SE, DesignTech Systems Pvt. Ltd., Ecolab, EDAG Engineering Group AG, FEV Group GmbH, Fidelis Engineering Associates, Gantner Instruments GmbH, GlobalLogic Inc. by Hitachi, Ltd., Grune Technica, Inc., Harman International Industries, Incorporated by Samsung Electronics Co., Ltd., HCL Technologies Limited, Horiba, Ltd., IAV GmbH Ingenieurgesellschaft Auto und Verkehr, Intertek Group PLC, Larsen & Toubro Limited, LeddarTech Inc., Lucid Group, Inc., N-iX Ltd., Oliver Wyman, LLC, Onward Technologies Limited, P3 group GmbH, Pilot Systems International, Proterra Inc., ProtoCAM, RA Global Tech Solutions LLP, Ricardo PLC, Robert Bosch GmbH, Roush Enterprises, Inc., Sigma Thermal, System Controls Technology Solutions Pvt. Ltd., TAAL Tech India Private Limited, Tech Mahindra Limited, The Productivity Team, LLC, TÜV Rheinland AG, Valmet Automotive PLC, Waymo LLC, Wipro Limited, and Zendrive India Private Limited.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Automotive Engineering Services Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Automotive Engineering Services Market?
- What is the competitive strategic window for identifying opportunities in the Automotive Engineering Services Market?
- What are the latest technology trends and regulatory frameworks in the Automotive Engineering Services Market?
- What is the market share of the leading vendors in the Automotive Engineering Services Market?
- Which modes and strategic moves are suitable for entering the Automotive Engineering Services Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Automotive Engineering Services Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising demand for autonomous vehicles coupled with the growing automobile industry
- 5.1.1.2. Stringent government policies and regulations for ICE vehicles to reduce vehicle emissions
- 5.1.1.3. Increasing demand for advanced connectivity and advanced safety & security solutions
- 5.1.2. Restraints
- 5.1.2.1. High cost of automotive engineering services with the use of advanced technologies
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of 5G networks in the automotive sector for real-time vehicle-to-vehicle communication
- 5.1.3.2. Favorable investment landscape for the production of automotive
- 5.1.4. Challenges
- 5.1.4.1. Concerns related to the intellectual property and patent rights for OEMs
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 5.10.1. Connected Vehicles
- 5.10.2. Electric and Hybrid Vehicles
- 5.10.3. Advanced Driver-Assistance Systems (ADAS)
- 5.10.4. Macroeconomic Indicataors
- 6. Automotive Engineering Services Market, by Service Type
- 6.1. Introduction
- 6.2. Concept or Research
- 6.3. Designing
- 6.4. Prototyping
- 6.5. System Integration
- 6.6. Testing
- 7. Automotive Engineering Services Market, by Location
- 7.1. Introduction
- 7.2. In-House
- 7.3. Outsource
- 8. Automotive Engineering Services Market, by Vehicle Type
- 8.1. Introduction
- 8.2. Commercial Vehicle
- 8.3. Passenger Car
- 9. Automotive Engineering Services Market, by Engine Type
- 9.1. Introduction
- 9.2. Electric Vehicle
- 9.3. Internal Combustion Engine
- 10. Automotive Engineering Services Market, by Application
- 10.1. Introduction
- 10.2. ADAS & Safety
- 10.3. Chassis
- 10.4. Connectivity Services
- 10.5. Electrical, Electronics & Body Controls
- 10.6. Interior, Exterior & Body Engineering
- 10.7. Powertrain & Exhaust
- 10.8. Simulation
- 11. Americas Automotive Engineering Services Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Automotive Engineering Services Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Automotive Engineering Services Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. FPNV Positioning Matrix
- 14.2. Market Share Analysis, By Key Player
- 14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
- 14.3.1.1. Cognizant to acquire Mobica to enhance its IoT software engineering service offerings
- 14.3.1.2. Hinduja Tech acquires UK-based DSD to offer EV engineering services, ET Auto
- 14.3.2. Agreement, Collaboration, & Partnership
- 14.3.2.1. Jaguar Land Rover partners with Tata Technologies to accelerate the digital transformation of its industrial operations
- 14.3.2.2. Tech Mahindra Partners with Foxconn-initiated MIH Consortium to Offer Sustainable Automotive Engineering Solutions
- 14.3.2.3. L&T Partnership With BMW Group: L&T Technology Services bags 5-year infotainment deal from BMW Group
- 14.3.3. New Product Launch & Enhancement
- 14.3.3.1. L&T Technology Services Unveils CoE to Offer Suite of Automotive Solutions on AWS
- 14.3.3.2. FEV Expands Development Capabilities with Launch of FEV.io Intelligent Mobility Software Brand
- 14.3.4. Investment & Funding
- 14.3.4.1. Magna To Invest Over $120 Million For Setting Up New Engineering Centre In Bengaluru
- 14.3.4.2. Ola to invest $100 mn in setting up a vehicle design, engineering centre in UK
- 14.3.5. Award, Recognition, & Expansion
- 14.3.5.1. VVDN strengthen its services portfolio with the addition of Automotive Engineering and Manufacturing Services for global markets
- 14.3.5.2. Continental Inaugurates new State-of-the-art Campus for its Technical Center in Bengaluru
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.1.1. 3E Rapid Prototyping Ltd
- 15.1.2. AKKA Technologies SE
- 15.1.3. Altair Engineering Inc.
- 15.1.4. ALTEN Group
- 15.1.5. ASM Technologies Limited
- 15.1.6. Aurora Innovation Inc.
- 15.1.7. AVL List GmbH
- 15.1.8. Belcan, LLC
- 15.1.9. Bertrandt AG
- 15.1.10. BOLAB Systems GmbH
- 15.1.11. Capgemini SE
- 15.1.12. Continental AG
- 15.1.13. DEKRA SE
- 15.1.14. DesignTech Systems Pvt. Ltd.
- 15.1.15. Ecolab
- 15.1.16. EDAG Engineering Group AG
- 15.1.17. FEV Group GmbH
- 15.1.18. Fidelis Engineering Associates
- 15.1.19. Gantner Instruments GmbH
- 15.1.20. GlobalLogic Inc. by Hitachi, Ltd.
- 15.1.21. Grune Technica, Inc.
- 15.1.22. Harman International Industries, Incorporated by Samsung Electronics Co., Ltd.
- 15.1.23. HCL Technologies Limited
- 15.1.24. Horiba, Ltd.
- 15.1.25. IAV GmbH Ingenieurgesellschaft Auto und Verkehr
- 15.1.26. Intertek Group PLC
- 15.1.27. Larsen & Toubro Limited
- 15.1.28. LeddarTech Inc.
- 15.1.29. Lucid Group, Inc.
- 15.1.30. N-iX Ltd.
- 15.1.31. Oliver Wyman, LLC
- 15.1.32. Onward Technologies Limited
- 15.1.33. P3 group GmbH
- 15.1.34. Pilot Systems International
- 15.1.35. Proterra Inc.
- 15.1.36. ProtoCAM
- 15.1.37. RA Global Tech Solutions LLP
- 15.1.38. Ricardo PLC
- 15.1.39. Robert Bosch GmbH
- 15.1.40. Roush Enterprises, Inc.
- 15.1.41. Sigma Thermal
- 15.1.42. System Controls Technology Solutions Pvt. Ltd.
- 15.1.43. TAAL Tech India Private Limited
- 15.1.44. Tech Mahindra Limited
- 15.1.45. The Productivity Team, LLC
- 15.1.46. TÜV Rheinland AG
- 15.1.47. Valmet Automotive PLC
- 15.1.48. Waymo LLC
- 15.1.49. Wipro Limited
- 15.1.50. Zendrive India Private Limited
- 15.2. Key Product Portfolio
- 16. Appendix
- 16.1. Discussion Guide
- 16.2. License & Pricing
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