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)
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.
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.
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. |