Service Area Expansion to Meet Increasing Demand for Automotive Engineering Services

Published: Jun 2024

Automotive engineering services market is anticipated to grow at a significant CAGR of 13.7% during the forecast period (2024-2031). To meet the growing demand for automotive engineering services, in April 2024, BMW Group and Tata Technologies aim to collaborate for the development of Automotive Software and Business IT solutions. The collaboration focuses on strategic software development, including solutions for software-defined vehicles (SDV). In automotive software, the focus will be on automated driving, infotainment, and digital services.

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/automotive-engineering-services-market

Further, in March 2023, L&T Technology Services Ltd. an engineering services company, announced a new Centre of Excellence (CoE) in Mysore (Karnataka, India) that leverages the power of the cloud with Amazon Web Services (AWS). The CoE allows LTTS to transition its suite of innovative technologies focused on the future of mobility and reduce time-to-market for end customers. By leveraging AWS infrastructure, LTTS provides an opportunity to use AWS to support the automotive domain.

Furthermore, in January 2023, VVDN strengthened its services portfolio with the addition of automotive engineering and manufacturing services for global markets. In the domain of Automotive, VVDN comes with the capabilities in designing, developing, and manufacturing automotive products from driver assistance solutions to digital cockpit solutions including mirrorless camera systems, ADAS, battery management systems (BMS), infotainment systems, digital instrument clusters, surround view system (SVS) and telematics control unit (TCU).

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Vehicle Type

o By Service

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Alten Group, Capgemini Services SAS, Continental AG, Magna International Inc., and Robert Bosch GmbH among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Automotive Engineering Services Market Report Segment

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicle

By Service

  • Concept/Research
  • Designing
  • Prototyping
  • System Integration
  • Testing

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
  • Others (Wheel Assembly And Autonomous System)

Global Automotive Engineering Services Market Report Segment by Region

North America

United States

Canada 

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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