The Automotive Engineering Services Market size was USD 149.2 billion in 2022 and it is growing at a rate of 5% from 2023 to 2032
Automotive engineering services provide engineering solutions to different parts of vehicles such as mechanical & passenger vehicle safety, software upgradation, electrical & electronic engineering services, vehicle design for land, aviation, and marine applications. These engineering solutions help in optimizing vehicle manufacturing process by improving operational cycle without compromising quality of a vehicle.
Key Trends
There are several key trends in automotive engineering services technology. One is the trend toward more electrification in vehicles. This includes both hybrid and electric vehicles, as well as vehicles with other types of electrification such as 48-volt systems. Another key trend is the move toward autonomous vehicles. This includes both cars and trucks that can drive themselves, as well as cars that can park themselves and other automated features. Another trend is the move toward connected vehicles, which are able to communicate with each other and with infrastructures such as traffic lights and signs.
Key Drivers
There are several key drivers of the automotive engineering services market. They include the need for faster product development cycles, the need for better quality products, and the need for more cost-effective products. The automotive industry is becoming increasingly competitive, and companies are looking for ways to improve their products and shorten their development cycles. Automotive engineering services can help companies achieve these goals.
Faster product development cycles are a key driver of the automotive engineering services market. The automotive industry is under pressure to develop new products quickly. Automotive engineering services can help companies speed up their development cycles.
Better quality products are another key driver of the automotive engineering services market. The automotive industry is under pressure to improve the quality of its products. Automotive engineering services can help companies improve the quality of their products.
More cost-effective products are another key driver of the automotive engineering services market. The automotive industry is under pressure to produce more cost-effective products. Automotive engineering services can help companies produce more cost-effective products.
Market Segmentation
Automotive engineering services market segmented into product type, location,, vehicle type, application, and region. Based on product type, market is categorized into concept/research, designing, prototyping, and system integration. On the basis of location, market is divided into in-house, and outsourced. Based on vehicle type, market is bifurcated into passenger vehicle, and commercial vehicle. Based on application, it is segmented into ADAS safety, body electrical electronics, chassis, connectivity, interior/exterior, powertrain exhaust, battery, motor, charger test, simulation, and others. Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The key players of the Automotive Engineering Services Market are AKKA Technologies, Alten Group, Assystem Group, Capgemini Engineering (formerly Altran), Continental AG, EDAG Engineering GmbH, FEV Group, Harman International Industries, IAV GmbH, Technology Services, Mahindra Engineering Services, Ricardo plc, RLE International Group, Robert Bosch GmbH, and Tata Technologies Limited, among others.
Download Sample Copy- https://www.globalinsightservices.com/request-sample/GIS20579