Automotive Engineering Services Market
Automotive Engineering Services Market Size, Share & Trends Analysis Report by Vehicle Type (Passenger Cars, and Commercial Vehicles), by Service (Concept/Research, Designing, Prototyping, System Integration, and Testing), and by 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, and Others) Forecast Period (2024-2031)
Automotive engineering services market is anticipated to grow at a significant CAGR of 13.7% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as increasing interest in electric vehicles, increased emphasis on R&D in the automotive industry, and strict government laws designed to reduce vehicle emissions. According to the Alliance for Automotive Innovation (AAI), in November 2022, the combined automotive ecosystem drives more than $1.0 trillion into the US economy each year – 4.9% of GDP. More than $220.0 billion in federal and state revenue is generated annually by the manufacturing, sale, and maintenance of automobiles in the US.
Market Dynamics
Increasing Adoption of Autonomous Vehicles
Autonomous vehicles help execute software and provide transit service without requiring human input. The vehicle is combined with a variety of sensors, actuators, a machine learning system, and sophisticated and potent algorithms. An autonomous car integrates a variety of services, including body electronics, electrical, ADAS, and artificial intelligence-based networking services. Therefore, the market expansion for automotive engineering services is anticipated to be fueled by the development and deployment of autonomous vehicles.
Increasing Demand for Connected Services in Automotive
Customers can use the manufacturer's mobile app to remotely monitor and manage their car owing to connected services included inside automobiles. With the use of a phone, the user may locate their cars with ease. Using connected services technology, the user may also open the doors, check the mileage of the car, and warm up the batteries. Various car manufacturers provide distinct connected services with specialized smartphone apps and features. For instance, Audi offers a smartphone app called My Audi and a connected service called Audi Connect. Therefore, the growth of the automotive engineering services market is expected to be fueled by the development of linked services by OEM standards.
Market Segmentation
- Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles.
- Based on the service, the market is segmented into concept/research, designing, prototyping, system integration, and testing.
- Based on the application, the market is segmented into 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, and others (wheel assembly and autonomous system).
Electrical, Electronics, and Body Controls Segment to Hold a Considerable Market Share
Power management modules, climate controls, power windows, body control modules, smart mirrors and wipers, and power windows are among the services provided by automobile electrical and electronics. The increasing popularity of electric vehicles and sophisticated electronic components that make driving safer and more convenient is predicted to fuel the demand for these services.
Regional Outlook
Global automotive engineering services market is segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Automotive Engineering Services Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
Asia-Pacific holds a significant share owing to numerous prominent automotive engineering service providers such as Tech Mahindra, HCL Technologies, Onward Technologies, Automotive Engineering Services (AES), T-Net Japan Co., Ltd., DesignTech Systems., and Horiba, Ltd. in the region. The market growth is attributed to the increased number of engineering R&D centers across the region. In May 2024, Gestamp, the multinational specializing in the design, development, and manufacture of highly engineered metal components for the automotive industry is displaying its products and innovations at the Automotive Engineering Exposition 2024 Yokohama. The company demonstrates its high innovation and engineering capabilities in the automotive market with a new family of products (Gigastamping), accompanying Japanese OEMs in their transition towards a new era of mobility and their path to electrification.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the automotive engineering services market include Alten Group, Capgemini Services SAS, Continental AG, Magna International Inc., and Robert Bosch GmbH among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the automotive engineering services market. Based on the availability of data, information related to new service deployment, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Alten Group
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Capgemini Services SAS
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Continental AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Magna International Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Robert Bosch GmbH
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Automotive Engineering Services Market by Vehicle Type
4.1.1. Passenger Cars
4.1.2. Commercial Vehicle
4.2. Global Automotive Engineering Services Market by Service
4.2.1. Concept/Research
4.2.2. Designing
4.2.3. Prototyping
4.2.4. System Integration
4.2.5. Testing
4.3. Global Automotive Engineering Services Market by Application
4.3.1. ADAS and safety
4.3.2. Electrical, electronics, and body controls
4.3.3. Chassis
4.3.4. Connectivity Services
4.3.5. Interior, exterior, and body engineering
4.3.6. Powertrain and exhaust
4.3.7. Simulation
4.3.8. Battery development and management
4.3.9. Charger Testing
4.3.10. Motor controls
4.3.11. Others (Wheel Assembly and Autonomous System)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Akkodis Group AG
6.2. Altair Engineering Inc.
6.3. AROBS TRANSILVANIA SOFTWARE SA
6.4. ASAP Holding GmbH
6.5. AVL List GmbH
6.6. Bertrandt AG
6.7. Dr. Ing. h.c. F. Porsche AG
6.8. EDAG Group
6.9. Embitel
6.10. ESG Elektroniksystem- und Logistik-GmbH
6.11. FEV Group GmbH
6.12. GX Group Ltd.
6.13. HARMAN International Industries, Inc.
6.14. HORIBA Ltd.
6.15. IAV GmbH
6.16. Promwad
6.17. Ricardo plc
6.18. RLE INTERNATIONAL Group
6.19. Tech Mahindra Ltd.
6.20. The Kistler Group
1. Global Automotive Engineering Services Market Research And Analysis By Vehicle Type, 2023-2031 ($ Million)
2. Global Automotive Engineering Services For Passenger Cars Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Automotive Vehicle Engineering Services For Commercial Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Automotive Engineering Services Market Research And Analysis By Service, 2023-2031 ($ Million)
5. Global Concept/Research Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Designing Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Prototyping Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global System Integration Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Testing Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Automotive Engineering Services Market Research And Analysis By Application, 2023-2031 ($ Million)
11. Global Automotive Engineering Services For Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Automotive Engineering Services For Electrical, Electronics, And Body Controls Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Automotive Engineering Services For Chassis Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Automotive Engineering Services For Connectivity Services Market Research And Analysis By Region, 2023-2031 ($ Million)
15. Global Automotive Engineering Services For Interior, Exterior, And Body Engineering Market Research And Analysis By Region, 2023-2031 ($ Million)
16. Global Automotive Engineering Services For Powertrain And Exhaust Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global Automotive Engineering Services For Simulation Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global Automotive Engineering Services For Battery Development And Management Market Research And Analysis By Region, 2023-2031 ($ Million)
19. Global Automotive Engineering Services For Charger Testing Market Research And Analysis By Region, 2023-2031 ($ Million)
20. Global Automotive Engineering Services For Motor Controls Market Research And Analysis By Region, 2023-2031 ($ Million)
21. Global Automotive Engineering Services For Other Applications Market Research And Analysis By Region, 2023-2031 ($ Million)
22. Global Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
23. North American Automotive Engineering Services Market Research And Analysis By Country, 2023-2031 ($ Million)
24. North American Automotive Engineering Services Market Research And Analysis By Vehicle Type, 2023-2031 ($ Million)
25. North American Automotive Engineering Services Market Research And Analysis By Service, 2023-2031 ($ Million)
26. North American Automotive Engineering Services Market Research And Analysis By Application, 2023-2031 ($ Million)
27. European Automotive Engineering Services Market Research And Analysis By Country, 2023-2031 ($ Million)
28. European Automotive Engineering Services Market Research And Analysis By Vehicle Type, 2023-2031 ($ Million)
29. European Automotive Engineering Services Market Research And Analysis By Service, 2023-2031 ($ Million)
30. European Automotive Engineering Services Market Research And Analysis By Application, 2023-2031 ($ Million)
31. Asia-Pacific Automotive Engineering Services Market Research And Analysis By Country, 2023-2031 ($ Million)
32. Asia-Pacific Automotive Engineering Services Market Research And Analysis By Vehicle Type, 2023-2031 ($ Million)
33. Asia-Pacific Automotive Engineering Services Market Research And Analysis By Service, 2023-2031 ($ Million)
34. Asia-Pacific Automotive Engineering Services Market Research And Analysis By Application, 2023-2031 ($ Million)
35. Rest Of The World Automotive Engineering Services Market Research And Analysis By Region, 2023-2031 ($ Million)
36. Rest Of The World Automotive Engineering Services Market Research And Analysis By Vehicle Type, 2023-2031 ($ Million)
37. Rest Of The World Automotive Engineering Services Market Research And Analysis By Service, 2023-2031 ($ Million)
38. Rest Of The World Automotive Engineering Services Market Research And Analysis By Application, 2023-2031 ($ Million)
1. Global Automotive Engineering Services Market Share By Vehicle Type, 2023 Vs 2031 (%)
2. Global Automotive Engineering Services For Passenger Cars Market Share By Region, 2023 Vs 2031 (%)
3. Global Automotive Engineering Services For Commercial Vehicle Market Share By Region, 2023 Vs 2031 (%)
4. Global Automotive Engineering Services Market Share By Service, 2023 Vs 2031 (%)
5. Global Automotive Engineering Services Market Share By Region, 2023 Vs 2031 (%)
6. Global Designing Automotive Engineering Services Market Share By Region, 2023 Vs 2031 (%)
7. Global Prototyping Automotive Engineering Services Market Share By Region, 2023 Vs 2031 (%)
8. Global System Integration Automotive Engineering Services Market Share By Region, 2023 Vs 2031 (%)
9. Global Testing Automotive Engineering Services Market Share By Region, 2023 Vs 2031 (%)
10. Global Automotive Engineering Services Market Share By Application, 2023 Vs 2031 (%)
11. Global Automotive Engineering Services For ADAS And Safety Market Share By Region, 2023 Vs 2031 (%)
12. Global Automotive Engineering Services For Electrical, Electronics, And Body Controls Market Share By Region, 2023 Vs 2031 (%)
13. Global Automotive Engineering Services For Chassis Market Share By Region, 2023 Vs 2031 (%)
14. Global Automotive Engineering Services For Connectivity Services Market Share By Region, 2023 Vs 2031 (%)
15. Global Automotive Engineering Services For Interior, Exterior, And Body Engineering Market Share By Region, 2023 Vs 2031 (%)
16. Global Automotive Engineering Services For Powertrain And Exhaust Market Share By Region, 2023 Vs 2031 (%)
17. Global Automotive Engineering Services For Simulation Market Share By Region, 2023 Vs 2031 (%)
18. Global Automotive Engineering Services For Battery Development And Management Market Share By Region, 2023 Vs 2031 (%)
19. Global Automotive Engineering Services For Charger Testing Market Share By Region, 2023 Vs 2031 (%)
20. Global Automotive Engineering Services For Motor Controls Market Share By Region, 2023 Vs 2031 (%)
21. Global Automotive Engineering Services For Other Applications Market Share By Region, 2023 Vs 2031 (%)
22. Global Automotive Engineering Services Market Share By Region, 2023 Vs 2031 (%)
23. US Automotive Engineering Services Market Size, 2023-2031 ($ Million)
24. Canada Automotive Engineering Services Market Size, 2023-2031 ($ Million)
25. UK Automotive Engineering Services Market Size, 2023-2031 ($ Million)
26. France Automotive Engineering Services Market Size, 2023-2031 ($ Million)
27. Germany Automotive Engineering Services Market Size, 2023-2031 ($ Million)
28. Italy Automotive Engineering Services Market Size, 2023-2031 ($ Million)
29. Spain Automotive Engineering Services Market Size, 2023-2031 ($ Million)
30. Rest Of Europe Automotive Engineering Services Market Size, 2023-2031 ($ Million)
31. India Automotive Engineering Service Market Size, 2023-2031 ($ Million)
32. China Automotive Engineering Services Market Size, 2023-2031 ($ Million)
33. Japan Automotive Engineering Services Market Size, 2023-2031 ($ Million)
34. South Korea Automotive Engineering Services Market Size, 2023-2031 ($ Million)
35. Rest Of Asia-Pacific Automotive Engineering Services Market Size, 2023-2031 ($ Million)
36. Rest Of The World Automotive Engineering Services Market Size, 2023-2031 ($ Million)
37. Latin America Automotive Engineering Services Market Size, 2023-2031 ($ Million)
38. Middle East And Africa Automotive Engineering Services Market Size, 2023-2031 ($ Million)
