Automotive Engineering Services Market – Trends Forecast Till 2028

Automotive Engineering Services Market, By Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: May, 2021

Base Year Estimate: 2020

Report ID: D-AU-AESM-186

Format:  

Number of Pages: 356

Domain: Automotive

Automotive Engineering Services Market – Trends Forecast Till 2028

The Global Automotive Engineering Services market is anticipated to reach USD 153.4 billion in 2021 growing at a CAGR of 8.8% during the forecasting period, 2021-2028.

Automotive engineering deals with the design, manufacturing, and operation of automobiles, motorcycles, and other vehicles. It also includes modifications of the vehicles. It incorporates multiple aspects like ensuring safety engineering, increasing fuel efficiency, increasing durability. Services in this sector include not just designing but also the testing of the multiple systems being developed.

A surge in demand for the luxury-class vehicle along with increased demand for connectivity solutions is one of the factors that have supported long-term expansion for the Automotive Engineering Services industry.

Automotive Engineering Services Market Report

The Global Automotive Engineering Services market is segmented into Application, Service, Location, and geography.

Application segment is segmented into ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, and Simulation

Geographically, the global Automotive Engineering Services market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa and South America, and insights are provided for each region and major countries within the regions

Key players in the global Automotive Engineering Services market are Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and Bertrandt AG (Germany) among others.

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In addition to the market data for the Automotive Engineering Services market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the Automotive Engineering Services market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Automotive Engineering Services market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the market research methodology used in drafting this report on the Automotive Engineering Services market.

The primary Respondent breakdown is given below:

Automotive Engineering Services Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Automotive Engineering Services market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the Automotive Engineering Services market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 153.4 billion

Growth Rate

CAGR of 8.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Application, Service, Location, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and Bertrandt AG (Germany)

Available Customization

In addition to the market data for the Automotive Engineering Services market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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