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Pulished Date April, 2021
ID: 9732
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Automotive Engineering Services Market Segmentation By Service Type (Concept/Research, Designing, Prototyping, System Integration, Testing), by Application Type (ADAS and Safety, Electrical, Electronics and Body Controls, Chassis, Connectivity Services, Interior, Exterior, and Body Engineering, Powertrain and Exhaust, and Simulation), Location Type (On-shore and Off-shore), vehicle type (Passenger Vehicle and Commercial Vehicle) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 9732
Pages: 175

Market Overview:

The global automotive technology services market was valued at about USD 153.1 billion in 2021 and is estimated to reach USD 384.6 billion by 2027, expanding at a CAGR of above 12% over the foreseen period.

Automotive engineering is the activity of planning and constructing automobiles with the mixture of mechanical, electrical, electronic, software and safety engineering. Automotive technology services are provided for designing and testing brake systems, engines, safety mechanisms, fuel technologies and transmission, among others. 

Factors like the arrival of autonomous vehicles, introduction of 5G network within the automotive industry, OEM and government specialize in electric cars, use of advanced technology, concerns of auto and passenger safety, and vehicle light-weighting are driving the global automotive engineering services market.

Recent Developments:

L&T Technology Services is specified as Leader in Automotive Engineering Services provider.

Automotive Product Engineering is going through a major ecosystem transformation.

HORIBA MIRA, a world leader in advanced automotive engineering, test and development, has made a strong offering in India with introducing of its vehicle engineering and consultancy services.

Tech Mahindra Ltd. a number one provider of digital transformation, consulting and business reengineering services and solutions. It is recognized as a ‘Leader’ within the Everest Group automotive engineering Services PEAK Matrix® Assessment for the year 2019.

Drivers and Restraints of Automotive Engineering Services:

Drivers:

  • Rising demand for connectivity offerings in automotive is predicted to propel the expansion of the global automotive engineering services market
  • Increasing focus of the governments and makers on developing lightweight, safe vehicle designs are anticipated to spice up the developments in this market
  • Growing preference for electric vehicles and their product focus is additionally expected to propel the expansion of the business

Restraints:

  • Concerns regarding the IP (intellectual property) rights for the merchandise and their ownership are factors restricting the expansion of the market
  • Transformation of business models by the manufacturers designing the merchandise in-house with their designing team is additionally supposed to limit the development of the global automotive engineering services market size

Market Segmentation:

Market By Service Type

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

Market By Application

  • ADAS and Safety
  • Electrical, Electronics and Body Controls
  • Chassis
  • Connectivity Services
  • Interior, Exterior, and Body Engineering
  • Powertrain and Exhaust
  • Simulation

By application, the connectivity services segment is likely to be the fastest-growing segment throughout the outlook period. The surge in autonomous vehicle testing, improvements in AI and introduction of 5G connectivity have increased the demand for connected services in automotive technology services. Connectivity services help in controlling vehicle activities like smart infotainment, vehicle diagnostics, parking assistance features, diagnostics, et al. Original equipment manufacturers are providing connectivity services in their vehicles. 

As an example, in July 2018, Audi entered into a partnership with Huawei, the most crucial telecommunications devices and smartphone producer in China, for introducing connectivity features in upcoming vehicles. The Renault-Nissan-Mitsubishi Alliance plans to launch new vehicles with Alliance Connected Cloud in China by 2022. of these enhancements would accentuate the necessity for brand spanking new sensors and use cases of IoT devices within the coming years. Thus, the automotive industry would witness an increasing demand for engineering service providers, specialized in connectivity services.

Market By Location

  • In-house
  • Outsource

Market By Vehicle Type

  • Passenger Car
  • Commercial Vehicle

On the idea of vehicle type, passenger car segment is foreseen to register the fastest growth over the prediction period. The surge in need for autonomous cars and the climbing concern for environmental conditions like pollution and heating are supposed to be further boosting the expansion of the segment over the forecast period.

Automotive Engineering Services Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The increasing need among consumes for low emission vehicles has compelled OEMs in Europe to revamp the powertrain and exhaust systems. In addition, the plans to curb 80% of CO2 emission by 2050 have boosted the demand for EVs within the European region. OEMs decide to launch electric variants of the prevailing gasoline models within the coming years. Thus, the overall demand for engineering services in Europe is probably going to grow. Germany is predicted to be the most important marketplace for automotive engineering services in this area. The nation is home to several car manufacturers and tier 1 companies like Volkswagen, Daimler, Bosch, Continental, et al. Also, the demand for connected cars is about to extend significantly within the premium segment within the nation. The automotive industry recorded almost one-third of the entire R&D investments within the area. The German automakers’ desire to embrace electronic technologies and software solutions is predicted to drive the marketplace for automotive engineering services.

The Asia Pacific is one of the largest markets in the regional wise analysis. The industry is witnessing an outsized number of collaborations and joint ventures between suppliers and vendors of Asia Pacific and major global OEMs. This is often helping OEMs to focus their investments on research and development while saving costs on important auxiliary component manufacturing and installation.

Key Players of Market:

The global automotive engineering services market is dominated by major players such as FEV (Germany), IAV Automotive Engineering (Germany), Ricardo (UK), AVL (Austria), Alten (France), Bertrandt AG (Germany), Altran (France), L&T Technology Services (India), and many others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Engineering Services Market, By Service Type                   

                    6.1.1 Concept/Research    

                    6.1.2 Designing      

                    6.1.3 Prototyping    

                    6.1.4 System Integration   

                    6.1.5 Testing

                    6.1.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.7 Y-o-Y Growth Rate Analysis         

                    6.1.8 Market Attractiveness Index         

          6.2 Automotive Engineering Services Market, By Location Type                 

                    6.2.1 On-shore       

                    6.2.2 Off-shore      

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Automotive Engineering Services Market, By Application Type             

                    6.3.1 ADAS and Safety      

                    6.3.2 Electrical, Electronics and Body Controls 

                    6.3.3 Chassis

                    6.3.4 Connectivity Services

                    6.3.5 Interior, Exterior, and Body Engineering  

                    6.3.6 Powertrain and Exhaust      

                    6.3.7 Simulation     

                    6.3.8 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.9 Y-o-Y Growth Rate Analysis         

                    6.3.10 Market Attractiveness Index       

          6.4 Automotive Engineering Services Market, By Vehicle Type                   

                    6.4.1 Passenger Vehicle    

                    6.4.2 Commercial Vehicle 

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Service Type        

                    7.2.3 By Location Type      

                    7.2.4 By Application Type 

                    7.2.5 By Vehicle Type        

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Service Type        

                    7.3.3 By Location Type      

                    7.3.4 By Application Type 

                    7.3.5 By Vehicle Type        

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Service Type        

                    7.4.3 By Location Type      

                    7.4.4 By Application Type 

                    7.4.5 By Vehicle Type        

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Service Type        

                    7.5.3 By Location Type      

                    7.5.4 By Application Type 

                    7.5.5 By Vehicle Type        

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Service Type        

                    7.6.3 By Location Type      

                    7.6.4 By Application Type 

                    7.6.5 By Vehicle Type        

8. Key Player Analysis                           

          8.1 FEV                  

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 IAV Automotive Engineering            

          8.3 Ricardo             

          8.4 AVL                  

          8.5 Alten                

          8.6 Bertrandt AG              

          8.7 Altran               

          8.8 L&T Technology Services                 

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Engineering Services Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Engineering Services Market By Service Type, From 2021-2026 ( USD Billion )
  3. Global Concept/Research Market By Region, From 2021-2026 ( USD Billion )
  4. Global Designing Market By Region, From 2021-2026 ( USD Billion )
  5. Global Prototyping Market By Region, From 2021-2026 ( USD Billion )
  6. Global System Integration Market By Region, From 2021-2026 ( USD Billion )
  7. Global Testing Market By Region, From 2021-2026 ( USD Billion )
  8. Global Automotive Engineering Services Market By Location Type, From 2021-2026 ( USD Billion )
  9. Global On-shore Market By Region, From 2021-2026 ( USD Billion )
  10. Global Off-shore Market By Region, From 2021-2026 ( USD Billion )
  11. Global Automotive Engineering Services Market By Application Type, From 2021-2026 ( USD Billion )
  12. Global ADAS and Safety Market By Region, From 2021-2026 ( USD Billion )
  13. Global Electrical, Electronics and Body Controls Market By Region, From 2021-2026 ( USD Billion )
  14. Global Chassis Market By Region, From 2021-2026 ( USD Billion )
  15. Global Connectivity Services Market By Region, From 2021-2026 ( USD Billion )
  16. Global Interior, Exterior, and Body Engineering Market By Region, From 2021-2026 ( USD Billion )
  17. Global Powertrain and Exhaust Market By Region, From 2021-2026 ( USD Billion )
  18. Global Simulation Market By Region, From 2021-2026 ( USD Billion )
  19. Global Automotive Engineering Services Market By Vehicle Type, From 2021-2026 ( USD Billion )
  20. Global Passenger Vehicle Market By Region, From 2021-2026 ( USD Billion )
  21. Global Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )

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