Automotive Engineering Services Market, By Vehicle Type (Passenger Cars, Commercial Vehicles), By Service Type (Prototyping, Designing, System Integration, Testing), By Location Type (Off-shore, On-shore), By Application (ADAS, Safety Chassis, Connectivit

Automotive Engineering Services Market, By Vehicle Type (Passenger Cars, Commercial Vehicles), By Service Type (Prototyping, Designing, System Integration, Testing), By Location Type (Off-shore, On-shore), By Application (ADAS, Safety Chassis, Connectivity Services, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

The automotive engineering services market refers to engineering design, testing, and validation services provided to automotive original equipment manufacturers (OEMs) and component suppliers. These services help automotive companies design innovative and efficient vehicle models that meet various regulatory requirements. Factors such as declining product development lifecycles, need for advanced vehicle technologies, and stringent emission & safety norms have prompted automakers to outsource engineering tasks to specialist service providers. This has significantly boosted the demand for automotive engineering services globally.

Market Dynamics

The global automotive engineering services market is driven by the need for cost reduction and access to advanced engineering capabilities. Original equipment manufacturers (OEMs) are outsourcing non-core engineering operations to automotive engineering service providers to optimize costs and focus on their core competencies. Additionally, stringent government regulations regarding vehicle emissions and safety are compelling automakers to design future-ready vehicles, thereby propelling the need for engineering services. However, the market growth can be restricted due to concerns around data security and IP protection. On the positive side, increasing demand for electric and autonomous vehicles present lucrative opportunities for engineering service providers to assist OEMs in developing advanced automotive technologies.

Key features of the study:

• This report provides in-depth analysis of the global automotive engineering services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global automotive engineering services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Capgemini SE, IAV GmbH, Tech Mahindra Ltd, AKKA Technologies Group, Harman International Industries Inc, ALTEN, and Cresttek Engineering Solutions Pvt Ltd.

Fev Europe GmbH, EDAG Engineering GmbH, Continental AG, Altair Engineering Inc, Tata Technologies Ltd,

• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global automotive engineering services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive engineering services market.

Market Segmentation

• Vehicle Type Insights (Revenue, USD Bn, 2019 - 2031)
• Passenger Cars
• Commercial Vehicles
• Service Type Insights (Revenue, USD Bn, 2019 - 2031)
• Prototyping
• Designing
• System Integration
• Testing
• Location Type Insights (Revenue, USD Bn, 2019 - 2031)
• Off-shore
• On-shore
• Application Insights (Revenue, USD Bn, 2019 - 2031)
• ADAS
• Safety Chassis
• Connectivity Services
• Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC Countries
• Israel
• Rest of Middle East
• Africa
• South Africa
• North Africa
• Central Africa
• Key Players Insights
• Capgemini SE
• IAV GmbH
• Tech Mahindra Ltd
• AKKA Technologies Group
• Harman International Industries Inc
• ALTEN Cresttek Engineering Solutions Pvt Ltd
• Fev Europe GmbH
• EDAG Engineering GmbH
• Continental AG
• Altair Engineering Inc
• Tata Technologies Ltd