Automotive Engineering Services Market

Automotive Engineering Services Market by application (ADAS & Safety, electrical, electronics & body control, chassis, connectivity, interior/exterior & body, powertrain & exhaust, simulation), Service, location, vehicle, & Region - Global Forecast to 2027

Report Code: AT 7228 Jul, 2019, by marketsandmarkets.com

[135 Pages Report] The global automotive engineering services market is projected to grow from USD 153.1 billion in 2019 to USD 384.6 billion by 2027, at a CAGR of 12.2%. Factors such as the advent of autonomous vehicles, introduction of 5G network in the automotive industry, OEM and government focus on electric vehicles, use of advanced technology, concerns of vehicle and passenger safety, and vehicle lightweighting are driving the automotive engineering services market.

Automotive Engineering Services Market

Connectivity services segment is expected to be the fastest growing market during the forecast period

The connectivity services segment is expected to be the fastest growing market during the forecast period. The expansion of autonomous vehicle testing, advancements in artificial intelligence, and introduction of 5G connectivity have increased the demand for connected services in automotive engineering services. Connectivity services help in controlling vehicle activities such as smart infotainment, vehicle diagnostics, parking assistance features, diagnostics, and others. OEMs are offering connectivity services in their vehicles. For instance, in July 2018, Audi entered into a partnership with Huawei, the largest telecommunications equipment and smartphone maker 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. All these enhancements would accentuate the need for new sensors and use cases of IoT devices in the coming years. Thus, the automotive industry would witness increasing demand for engineering service providers, specialized in connectivity services.

In-house engineering services are expected to lead the automotive engineering services market during the forecast period

The in-house engineering services are expected to be the largest market. Major OEMs keep complicated automotive engineering services such as engine design, powertrain design, and transmission systems for in-house development. These designs and optimizations vary from one OEM to another and, thus, require different techniques and specialization that can be done in-house for better results. Also, the growing focus on zero-emission vehicles has compelled OEMs to redesign their existing engines to comply with the latest emission standards. The designing of electric vehicles would enhance the demand for in-house investments by OEMs.

Automotive Engineering Services Market

“Europe is expected to lead the market during the forecast period.”

The increasing consumer demand for refined and low emission vehicles has compelled OEMs in Europe to redesign the powertrain and exhaust systems. Also, the goal of reducing 80% CO2 emission by 2050 has boosted the overall demand for EVs in the region. OEMs plan to launch electric variants of the existing gasoline models in the coming years. Thus, the overall demand for engineering services in Europe is likely to grow. Germany is expected to be the largest market for automotive engineering services. The country is home to major car manufacturers and tier 1 companies such as Volkswagen, Daimler, Bosch, Continental, and others. Also, the demand for connected cars is set to increase significantly in the premium segment in the country. The automotive industry accounts for one-third of the total R&D investments in the country. The German automakers’ desire to embrace electronic technologies and software solutions is expected to drive the market for automotive engineering services.

Key Market Players

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. These companies have strong distribution networks at a global level. Besides, these companies offer a wide range of services in the market. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

Recent Developments

  • In May 2019, FEV presented a new 48 V axle for use in light-duty municipal utility vehicles at Motor Symposium in Vienna. The axle is designed for use in light municipal utility vehicles such as sweepers or small dump trucks – to reduce their emissions in the city to zero. FEV's concept is designed for use in components already available in the market and offers a solution that is as cost-effective and accessible as possible.
  • In May 2019, Ricardo launched a VR application for global engineering collaboration at Vienna Motor Symposium. This immersive Virtual Reality (VR) application would allow multiple users in different geographical locations to carry out collaborative simultaneous engineering design reviews.
  • In April 2019, Geely Auto Group (Geely), one of China’s leading automakers, partnered with Ricardo to develop advanced hybrid transmission that would be specifically designed for a range-extended plug-in hybrid.
  • In March 2019, Altran and 47 other European partners unveiled an innovation lab called the European Institute of Innovation and Technology (EIT). This new facility is intended for research & innovation in urban mobility. The EIT Urban mobility community set objectives to launch 125 new products by 2026.
  • In March 2019, AVL and MSC Software partnered for research and development in the field of simulation and testing of Autonomous Driving (AD) and Advanced Driver Assistance Systems (ADAS).

Critical Questions:

  • How will connectivity services impact the growth of automotive engineering services?
  • How will autonomous vehicles and EVs transform the outlook of the automotive industry?
  • What is the impact of introduction of 5G on the market?
  • What are the upcoming trends in automotive engineering services? What impact would they make post 2022?
  • What are the key strategies adopted by the top players to increase their revenue?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Sampling Techniques & Data Collection Methods
                    2.1.2.2 Primary Participants
                    2.1.2.3 Key Data From Primary Sources
    2.2 Market Size Estimation
           2.2.1 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Automotive Engineering Services Market to Grow at A Significant Rate During the Forecast Period (2019–2027)
    4.2 Europe to Lead the Global Automotive Engineering Services Market
    4.3 Automotive Engineering Services Market, By Vehicle Type and Location
    4.4 Automotive Engineering Services Market, By Service Type
    4.5 Automotive Engineering Services Market, By Application
    4.6 Automotive Engineering Services Market, By Location
    4.7 Automotive Engineering Services Market, By Vehicle Type

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Advanced Connectivity Solutions
                    5.2.1.2 Adoption of EVs and Shared Mobility for Greener Environment
           5.2.2 Restraints
                    5.2.2.1 Intellectual Property (IP) Constraint
                    5.2.2.2 Shift in Business Model
           5.2.3 Opportunities
                    5.2.3.1 Standardization of Safety Features
                    5.2.3.2 Rise of Autonomous Vehicles
                    5.2.3.3 Demand for Outsourcing
           5.2.4 Challenges
                    5.2.4.1 Intense Competition
                    5.2.4.2 Risk of High Investment
           5.2.5 Impact of Market Dynamics

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Technological Overview
           6.2.1 Connected Vehicles
           6.2.2 Electric and Hybrid Vehicles
           6.2.3 Advanced Driver-Assistance Systems (ADAS)
    6.3 Value Chain Analysis
    6.4 Macroindicator Analysis
           6.4.1 Growth of Automotive Engineering Services
           6.4.2 GDP (USD Billion)
           6.4.3 Gni Per Capita, Atlas Method (USD)
           6.4.4 GDP Per Capita Ppp (USD)
           6.4.5 Macroindicators Influencing the Automotive Engineering Services Market, Top 3 Countries
                    6.4.5.1 Germany
                    6.4.5.2 Us
                    6.4.5.3 China

7 Automotive Engineering Services Market, By Service Type (Page No. - 45)
    7.1 Introduction
    7.2 Research Methodology
    7.3 Concept/Research
           7.3.1 Rise of Autonomous Vehicles Will Require Newer Concepts/Research
    7.4 Designing
           7.4.1 Low Emission Engines Would Increase Demand for Advanced Engineering Designs
    7.5 Prototyping
           7.5.1 Rapid Prototyping Demands New Prototyping Methods
    7.6 System Integration
           7.6.1 Competitive Challenges With Automation Would Boost the Market for System Integration
    7.7 Testing
           7.7.1 Focus on EVs and Hybrid Vehicles Would Increase Demand for Testing to Maintain Efficiency
    7.8 Key Primary Insights

8 Automotive Engineering Services Market, By Application (Page No. - 51)
    8.1 Introduction
    8.2 Research Methodology
    8.3 ADAS and Safety
           8.3.1 Increasing Safety Regulations Will Fuel Growth of ADAS and Safety Segment
    8.4 Electrical, Electronics, and Body Controls
           8.4.1 Wide Implementation of IoT Devices in Automotive Will Require More Specialized Engineering Services
    8.5 Chassis
           8.5.1 New Chassis Design Would Drive the Market
    8.6 Connectivity Services
           8.6.1 Demand for Advanced Connectivity Solutions Would Drive the Market
    8.7 Interior, Exterior, and Body Engineering
           8.7.1 More Comfort Features Would Fuel the Market for Interior, Exterior, and Body Engineering
    8.8 Powertrain and Exhaust
           8.8.1 Adoption of Emission-Friendly Vehicles Would Fuel the Powertrain and Exhaust Market
    8.9 Simulation
           8.9.1 Refinements in Car Design Would Demand Better Simulation Solutions During the Forecast Period
    8.10 Others
           8.10.1 Refined Car Designs Would Demand Better Solutions During the Forecast Period
    8.11 Key Primary Insights

9 Automotive Engineering Services Market, By Location (Page No. - 62)
    9.1 Introduction
    9.2 Research Methodology
    9.3 In-House
           9.3.1 Focus on Curbing Emissions Would Drive the Market for In-House Development
    9.4 Outsource
           9.4.1 Integration of Advanced Safety Features Will Boost Outsourcing Market
    9.5 Key Primary Insights

10 Automotive Engineering Services Market, By Vehicle Type (Page No. - 66)
     10.1 Introduction
     10.2 Research Methodology
     10.3 Passenger Car
             10.3.1 Internal Combustion Engine
                        10.3.1.1 New Combustion Process Would Drive Innovation in the Automotive Engineering Services Market
             10.3.2 Electric Vehicle
                        10.3.2.1 Increasing Adoption of Electric Vehicles Would Drive the Automotive Engineering Services Market
     10.4 Commercial Vehicle
             10.4.1 Internal Combustion Engine
                        10.4.1.1 Low Emission Trucks Will Drive the Market for New Engineering Services
             10.4.2 Electric Vehicle
                        10.4.2.1 Developments in EV Trucks Would Require New Engineering Services
     10.5 Key Primary Insights

11 Automotive Engineering Services Market, By Region (Page No. - 72)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
                        11.2.1.1 Technological Advancements in Autonomous Driving Will Boost the Market in China
             11.2.2 India
                        11.2.2.1 Government Subsidies Will Impact the Market Positively
             11.2.3 Japan
                        11.2.3.1 Development of Advanced EV Technologies to Reduce Carbon Footprint Will Drive the Market
             11.2.4 South Korea
                        11.2.4.1 Government Initiatives for Adoption of EV to Propel the Market
             11.2.5 Others
                        11.2.5.1 Government Initiatives Toward Smarter Transportation to Drive the Overall Market
     11.3 Europe
             11.3.1 France
                        11.3.1.1 High Demand for Electric Vehicles Will Drive the Market
             11.3.2 Germany
                        11.3.2.1 Innovations From German Automaker Volkswagen to Drive the Market
             11.3.3 Italy
                        11.3.3.1 Growing Alternate Fuel Vehicle Sale to Propel the Market
             11.3.4 Russia
                        11.3.4.1 Increasing Investment is the Key Factor in the Overall Growth
             11.3.5 Spain
                        11.3.5.1 Demand for Specialized Commercial Vehicles Will have A Positive Impact on the Market
             11.3.6 UK
                        11.3.6.1 Increasing Focus on Innovation is Driving the Demand
             11.3.7 Others
                        11.3.7.1 Increasing EV Sales in These Countries Will Boost the Market
     11.4 North America
             11.4.1 Canada
                        11.4.1.1 Developments in Alternative Powertrains Will Propel the Growth
             11.4.2 Mexico
                        11.4.2.1 Implementation of Connected Services Will Drive the Market
             11.4.3 Us
                        11.4.3.1 Large Scale Autonomous Driving Test Will Drive the Market
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
                        11.5.1.1 Government Initiatives May Impact the Market Positively
             11.5.2 Iran
                        11.5.2.1 Growing Car Sales Will Impact the Market
             11.5.3 Others
                        11.5.3.1 Growing Vehicle Production May Impact the Market Positively

12 Competitive Landscape (Page No. - 92)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 New Product Developments
             12.3.2 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements
             12.3.3 Expansions, 2017–2019
     12.4 Competitive Leadership Mapping
             12.4.1 Visionary Leaders
             12.4.2 Innovators
             12.4.3 Dynamic Differentiators
             12.4.4 Emerging Companies

13 Company Profiles (Page No. - 102)
(Business Overview, Products and Services Offered, Recent Developments & SWOT Analysis)*
     13.1 Harman
     13.2 Capgemini
     13.3 AVL
     13.4 Bertrandt AG
     13.5 Alten Cresttek
     13.6 L&T Technology Services
     13.7 FEV
     13.8 Akka Technologies
     13.9 HCL Technologies
     13.10 IAV Automotive Engineering
     13.11 Altran
     13.12 Ricardo
     13.13 Tech Mahindra
     13.14 Other Key Players
             13.14.1 Asia Pacific
                        13.14.1.1 Imaginative Automotive Engineering Services
                        13.14.1.2 Onward Technologies
                        13.14.1.3 Automotive Engineering Services (AES)
             13.14.2 Europe
                        13.14.2.1 Kistler
                        13.14.2.2 Continental Engineering Services
                        13.14.2.3 EDAG
                        13.14.2.4 ESI Group
                        13.14.2.5 Semcon
                        13.14.2.6 Segula Technologies
             13.14.3 North America
                        13.14.3.1 Globallogic
                        13.14.3.2 EPAM Systems
                        13.14.3.3 Belcan

*Details on Business Overview, Products and Services Offered, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 130)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (51 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Billion)
Table 3 Concept/Research: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 4 Designing: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 5 Prototyping: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 6 System Integration: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 7 Testing: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 8 Automotive Engineering Services Market, By Application, 2017–2027 (USD Billion)
Table 9 ADAS and Safety: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 10 Electrical, Electronics, and Body Controls: Automotive Engineering Services Market, By Region 2017–2027 (USD Billion)
Table 11 Chassis: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 12 Connectivity Services: Automotive Engineering Services Market, By Region 2017–2027 (USD Billion)
Table 13 Interior, Exterior, and Body Engineering: Automotive Engineering Services Market, By Region 2017–2027 (USD Billion)
Table 14 Powertrain and Exhaust: Automotive Engineering Services Market, By Region 2017–2027 (USD Billion)
Table 15 Simulation: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 16 Others: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 17 Automotive Engineering Services Market, By Location, 2017–2027 (USD Billion)
Table 18 In-House: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 19 Outsource: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 20 Automotive Engineering Services Market, By Vehicle Type, 2017–2027 (USD Billion)
Table 21 Passenger Car: Automotive Engineering Services Market, By Propulsion Type, 2017–2027 (USD Billion)
Table 22 Internal Combustion Engine: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 23 Electric Vehicle: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 24 Commercial Vehicle: Automotive Engineering Services Market, By Propulsion Type, 2017–2027 (USD Billion)
Table 25 Internal Combustion Engine: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 26 Electric Vehicle: Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 27 Automotive Engineering Services Market, By Region, 2017–2027 (USD Billion)
Table 28 Asia Pacific: Automotive Engineering Services Market, By Country, 2017–2027 (USD Billion)
Table 29 China: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 30 India: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 31 Japan: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 32 South Korea: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 33 Others: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 34 Europe: Automotive Engineering Services Market, By Country, 2017–2027 (USD Billion)
Table 35 France: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 36 Germany: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 37 Italy: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 38 Russia: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 39 Spain: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 40 UK: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 41 Others: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 42 North America: Automotive Engineering Services Market, By Country, 2017–2027 (USD Billion)
Table 43 Canada: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 44 Mexico: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 45 US: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 46 RoW: Automotive Engineering Services Market, By Country, 2017–2027 (USD Million)
Table 47 Brazil: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 48 Iran: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 49 Others: Automotive Engineering Services Market, By Service Type, 2017–2027 (USD Million)
Table 50 New Product Developments, 2018–2019
Table 51 Collaborations/Joint Ventures/Supply Contracts/Partnerships/ Agreements, 2017–2019


List of Figures (43 Figures)

Figure 1 Automotive Engineering Services Market Segmentation
Figure 2 Automotive Engineering Services Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the Automotive Engineering Services Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Automotive Engineering Services Market: Market Dynamics
Figure 8 Automotive Engineering Services Market, By Region, 2019–2027 (USD Billion)
Figure 9 In-House Segment Holds the Largest Share in the Automotive Engineering Services Market in 2019
Figure 10 Growth of Connected Services and Increasing Focus on Electric Vehicles Will Boost the Automotive Engineering Services Market
Figure 11 Automotive Engineering Services Market Share, By Region, 2019
Figure 12 Passenger Car is Expected to Account for the Largest Share of the Automotive Engineering Services Market in 2019
Figure 13 Prototyping to Hold the Largest Market Share, 2019 vs 2027 (USD Billion)
Figure 14 Electrical, Electronics, and Body Controls Segment to Hold the Largest Market Share, 2019 vs 2027 (USD Billion)
Figure 15 In-House Segment to Play A Major Role in the Automotive Engineering Services Market, 2019 vs 2027 (USD Billion)
Figure 16 Passenger Car to Lead the Automotive Engineering Services Market, 2019 vs 2027 (USD Billion)
Figure 17 Automotive Engineering Services: Market Dynamics
Figure 18 Connected Car Solution
Figure 19 Advanced Driver Assistance Systems for Automotive and Transportation
Figure 20 Value Chain of Engineering Services
Figure 21 Automotive Engineering Services Market, By Service Type, 2019 vs 2027 (USD Billion)
Figure 22 Automotive Engineering Services Market: By Application, 2019 vs 2027 (USD Billion)
Figure 23 Automotive Engineering Services Market, By Location, 2019 vs 2027 (USD Billion)
Figure 24 Automotive Engineering Services Market, By Vehicle Type, 2019 vs 2027 (USD Billion)
Figure 25 Automotive Engineering Services Market, By Region, 2019 vs 2027
Figure 26 Asia Pacific: Automotive Engineering Services Market Snapshot
Figure 27 Europe: Automotive Engineering Services Market Snapshot
Figure 28 Key Developments By Leading Players in the Market, 2017–2019
Figure 29 Automotive Engineering Services Market (Global): Competitive Leadership Mapping, 2019
Figure 30 Harman: Company Snapshot
Figure 31 Capgemini: Company Snapshot
Figure 32 Capgemini: SWOT Analysis
Figure 33 Bertrandt AG: Company Snapshot
Figure 34 Alten: Company Snapshot
Figure 35 Alten: SWOT Analysis
Figure 36 L&T Technology Services: Company Snapshot
Figure 37 L&T Technologies: SWOT Analysis
Figure 38 Akka Technologies: Company Snapshot
Figure 39 HCL Technologies: Company Snapshot
Figure 40 Altran: Company Snapshot
Figure 41 Ricardo: Company Snapshot
Figure 42 Ricardo: SWOT Analysis
Figure 43 Tech Mahindra: Company Snapshot

The study involved estimating the current size of the automotive engineering services market. Exhaustive secondary research was done to collect information on the market, the peer market, and model mapping. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down approach was employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used for estimating the market size of segments and subsegments.

Secondary Research

Various secondary sources were used in the secondary research process to identify and collect information useful for an extensive commercial study of the global automotive engineering services market. Secondary sources include company annual reports/presentations, press releases, paid databases, journals, automobile magazines, articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and MarketsandMarkets data repository.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the automotive engineering services market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-side (OEMs, automotive engineering services providers, Tier 1 companies) and supply-side (OEMs, software providers, and component manufacturers) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Approximately, 52% and 48% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents—

Automotive Engineering Services Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to estimate and validate the total size of the automotive engineering services market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To segment and forecast the automotive engineering services market, in terms of value (USD million)
  • To define, describe, and forecast the automotive engineering services market on the basis of service, application, vehicle, location, and region
  • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
  • To segment and forecast the market by service (concept/research, designing, prototyping, system integration, and testing)
  • To segment and forecast the market by application (ADAS and safety, electrical, electronics and body controls, chassis, connectivity services, interior, exterior, and body engineering, powertrain and exhaust, simulation, and others)
  • To segment and forecast the market by vehicle type (passenger car and commercial vehicle)
  • To segment and forecast the market by location (in-house and outsource)
  • To forecast the market with respect to key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the automotive engineering services market

Scope of the Report

Report Metric

Details

Market size available for years

2017–2027

Base year considered

2018

Forecast period

2019–2027

Forecast units

Value (USD Billion)

Segments covered

Service Type, application, location, vehicle type, and region

Geographies covered

North America, Asia Pacific, Europe, and Rest of the World.

Companies Covered

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.
Total of 25 major players are covered under the report.

This research report categorizes the automotive engineering services market based on service type, application, location, vehicle type, and region.

On the basis of Service Type, the automotive engineering services market has been segmented as follows:

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

On the basis of Application, the automotive engineering services market has been segmented as follows:

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

On the basis of Location, the automotive engineering services market has been segmented as follows:

  • In-house
  • Outsource

On the basis of Vehicle Type, the automotive engineering services market has been segmented as follows:

  • PC
  • CV

On the basis of Region, the automotive engineering services market has been segmented as follows:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Russia
    • Spain
    • UK
  • Rest of the World
    • Brazil
    • Iran

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

  • Automotive engineering services market, by service type at country level (for countries not covered in the report)
  • Automotive engineering services market, by vehicle type at country level (for countries not covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 3)
Report Code
AT 7228
Published ON
Jul, 2019
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