Automotive Engineering Services Market

Automotive Engineering Services Market by Application, Service Type, Location (In-house, Outsource), Vehicle Type (Passenger Cars, Commercial Vehicles), Nature Type (Body Leasing, Turnkey), Propulsion (ICE, Electric) and Region - Global Forecast to 2028

Report Code: AT 7228 Jan, 2023, by marketsandmarkets.com

The global automotive engineering services market is projected to grow from an estimated $153.2 billion in 2022 to $243.9 billion by 2028, registering a CAGR of 8.1%.

Automotive engineering service providers provide services such as concept/research, designing, prototyping, system integration, testing, among others to various global OEMs and component manufactures. Factors such as increased demand for zero-emission vehicles and strong government support have caused leading original equipment manufacturers (OEMs) to invest in R&D for automotive engineering services. OEMs and AES providers have set up R&D infrastructure all over the world to meet the rising demand of automotive engineering service in the global automotive market. With advances in technologies such as connected mobility, ADAS and safety features, new age battery technologies, among others, the automotive engineering services market is likely to grow.

Automotive Engineering Services Market

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Market Dynamics:

Driver: Electrification of vehicles and increase in shared mobility

The increasing adoption of electric vehicles and the introduction of shared mobility are expected to change urban transportation. Increasing concerns over air pollution and global warming have compelled the governments of several countries to enforce strict emission policies and regulations for ICE vehicles. For example, in 2021, the US government announced its plan to replace all government vehicles with electric cars in a move to lower emissions by 2027. And the purchases of gas-powered vehicles are planned to end by 2035. The governments of Germany, Norway, the Netherlands, Japan, Singapore, and China have planned roadmaps to set up charging stations and provide subsidies to encourage more people to adopt electric vehicles. Similarly, the city of Toronto has announced its plan to replace 50% of its internal combustion engine (ICE fleet) with EVs and FCEVs. According to industry experts, electric vehicles will become more affordable than ICE vehicles as the cost of batteries declines over time. More EV sales would accentuate the need to develop new battery technologies, new chassis systems, innovative exterior designs, and advanced transmission systems for these vehicles. EV manufacturers such as Tesla, Nissan, and BAIC outsource the design and development of new technologies and solutions to Tier 1 engineering companies. This trend is likely to grow with the rise of EV sales and is expected to drive the automotive engineering services market during the forecast period.

Shared mobility allows sharing of rides among drivers and passengers with similar destination pairings. Operating expenses are shared among the passengers. Shared mobility reduces the number of vehicles on the road. Thus, it reduces traffic congestion and air pollution, especially in urban areas. Lyft, an online ridesharing services provider, plans to shift fully to EVs in the coming years and has set a target to operate 2,000,000 EVs by 2030 for its North American market. This is currently the largest EV fleet commitment around the world. Many governments around the world are taking initiatives to uplift congestion-reduction solutions. Factors such as enhanced accessibility and reduced traffic by increased use of public transport, among others, will affect the shared mobility services. The governments of China, Japan, and the US have formed standard regulations for e-hailing service providers to allow ride-sharing features. Ride-sharing needs advanced location tracking, telematics, and vehicle connectivity solutions for smooth operations. These solutions require engineering service providers to develop advanced connectivity and safety features for ride-sharing. For instance, in 2021, Ricardo initiated the development of a new generation of connected vehicle software to fulfill its vision of fully autonomous ride-hailing and ride-sharing vehicles for global mobility-as-a-service.

Restraint: Digitization of R&D operations of global automotive OEMs

The shift in the business model of the automotive engineering services market has affected several vendors. Earlier, engineering services were charged based on the time and material business model. In this model, the client paid for the number of hours put into a project and additional material expenses. The vendor had the option to go over the budget to achieve the desired results and standards. Currently, clients are moving toward a fixed bid business model. In this model, a specific task is performed under a fixed price or a price range. This new model has significantly affected the revenue stream of vendors. For example, a vendor estimates a low price at the start of the project, but the budget goes beyond the set price at the end of the project. This scenario could negatively impact the business of the vendor after several repetitions. Similarly, if the vendor charges more, it may lose the project to a competitor.

Automotive research and development are a capital-intensive process. Making an early estimation for a process or technology can be a very risky proposition for the vendors. From the last decade, most of the automotive OEMs across the globe are shifting their business to digital. According to recent statistics, almost all the automotive OEMs have developed their digital strategy for different automotive engineering services. For instance, at the CES 2022, Hyundai announced its partnership with Unity Technologies to create and operate real-time 3D content (RT3D) and to together design and create an all new metaverse roadmap and a platform for Meta-factory. Through this partnership, Hyundai became the first mobility pioneer to create a Meta-factory concept. NVIDIA has also developed Omniverse for providing services such as training and simulation, advertising, car design, among others.

Opportunity: Stringent government regulations for automotive safety features

Governments of several countries have mandated safety features in upcoming vehicles to minimize incidents of over-speeding and fatal accidents. For example, the Union Road Transport Ministry of India proposed a mandate to incorporate advanced safety features, including Electronic Stability Control (ESC) and Autonomous Emergency Braking (AEB), in new vehicles between 2022 and 2023. The authority has also stressed that advanced safety features are required in all vehicles in India and cannot be confined to luxury vehicles only.

Likewise, in 2021, the US government signed a USD 1 trillion infrastructure law containing 10 new auto safety provisions including "modernizing standards" for crash avoidance technologies. Advanced safety features include advanced emergency braking, emergency lane-keeping systems, and improved car crash tests. All these mandates are crucial for overall road safety. Automotive manufacturers need to abide by the new mandates to improve passenger safety. For example, from July 2022, in Europe, a new Vehicle General Safety Regulation was applied which includes several mandatory advanced driver assistant systems to increase traffic safety and create the legal foundation for the EU's acceptance of automated and fully driverless vehicles systems. All these mandates will have a serious impact on vehicle safety in the coming years and are expected to save over 25,000 lives and avoid at least 140,000 injuries by 2038 in Europe. OEM initiatives to implement these features early will create a huge demand for these solutions from engineering service providers.

Challenge: Highly competitive and scattered market

There is intense competition among market players in automotive engineering services with regards to pricing, capacity, size of the project, and time required to accomplish the project. Big companies are facing stiff competition from small players that have rapidly scaled their capacity and technology. Most top players have 1-3% market share, and the presence of multiple large players with around 0-1% market share means huge competition in the automotive engineering services market. The combination of IT and engineering as a total solution has helped system integrators such as HCL Technologies, Tata Consultancy Services, L&T Technologies, and Tech Mahindra to emerge as truly global competitors in engineering solutions. These companies provide almost all kinds of automotive engineering services, such as body engineering, chassis engineering, hybrid & electric mobility, infotainment & connectivity and powertrain engineering to various global OEMs around the world, which makes the competition intense manifolds in market. Earlier, these players were limited in offering cloud-based connectivity solutions. Presently, they provide engineering solutions, including engineering design, hardware system development, body engineering, and mechanical engineering. These solutions were earlier provided by big players such as Ricardo, AVL, and FEV. In addition, smaller players have cross-industry expertise in automotive engineering services. These vendors have a presence in emerging economies such as India and China due to low-cost operations. Their diverse expertise and low-cost services have increased competition in the industry.

Electrical, Electronics, and Body Controls to be the largest market during forecast period

Electrical, electronics, and body controls play a crucial role in handling all the functions dedicated to passenger comfort and convenience. Services under the automotive electrical and electronics include power management modules, climate controls, power windows, body control modules, and smart mirrors and wipers. According to industry experts, automotive electrical, electronics, and body controls already have a high value-added proportion in vehicle development. The trend is expected to grow due to the adoption of electric vehicles and complex electronic components for a safer and functional driving experience. Service providers like L&T Technology Services and FEV have invested plenty of resources to develop electrical, electronics, and body control solutions in automotive engineering services. Increasing electrification would bring increasing complexity to equip these technologies in vehicles. These electric technologies need to be calibrated with the electronic control system to deliver a seamless experience to the driver. Also, the sheer number of OEMs from Europe moving toward electric versions of their existing models would require specialized engineering service providers for electrification. The autonomous driving-friendly regulations and infrastructure for electrified public transport from lawmakers in China, Japan, and Singapore have already encouraged OEMs like BYD to invest more in environment-friendly transportation. According to a report by Bloomberg NEF, China has a fleet of 421,000 electric buses compared to 300 in the US in 2020. The number is expected to reach 600,000 by 2025. More fleets would require specialized engineering solutions for electric, electronics, and body controls. Further developments in hybrid and electric vehicles would drive the market for electric, electronics, and body controls during the forecast period.

Electric Vehicle segment to be the fastest growing segment during the forecast period

Electric vehicles have witnessed rapid evolution with the ongoing developments in EV-related technologies and EV services. Automotive engineering services for EVs include services such as ADAS and safety; electrical, electronics, and body controls; battery development and management; charger testing; and motor controls. Growing EV demand due to incentives and OEM support will increase ER&D spending on electric vehicle technologies in the coming years. Electric vehicles represent a significant step forward to curb the environmental concerns related to pollution. Many companies such as IAV Automotive Engineering, and HARMAN International provide automotive engineering services to OEMs globally. For instance, in November 2021, IAV Automotive Engineering partnered with the Federal Ministry of Economics and Energy (Germany) and various other players to develop a more efficient EV technology. HARMAN also launched the Harman ExP Integrated Solution Suite in CES 2020 specifically for OEMs. The suite offers services such as Advanced Driver Assistance Bundle, Hyper Productivity Bundle, Multi-Modal Experience Bundle, and EV Plus Solution Bundle. Due to the rapid shift to EVs, OEMs and AES providers will increase their automotive engineering services spending on technologies related to EV batteries, motors and propulsion systems, ADAS and connectivity systems, and autonomous vehicles.

Asia Pacific to be the fastest growing market by value during the forecast period

Asia Pacific is expected to be the fastest-growing market, with AES providers opening ER&D centres in the region due to lower resource cost and increasing profitability. Many governments in the Asia Pacific region are planning to replace their existing public fleets with electric vehicles in the future. The region is home to some big giants in the automotive engineering services industry, such as Tech Mahindra, HCL Technologies, Onward Technologies, Automotive Engineering Services (AES), T-Net Japan Co., Ltd., DesignTech Systems., and Horiba, Ltd. Apart from these, some new companies, such as L&T Technology Services and Imaginative Automotive Engineering Services, also provide automotive engineering services to OEMs worldwide. For instance, the newly incorporated L&T Technology Services partnered with BMW in August 2022 to provide engineering services to the OEM for a five-year period, mainly targeting connectivity and infotainment systems of BMW’s hybrid vehicle suite. Likewise, in October 2022, Tech Mahindra partnered with Foxconn. This partnership will focus on leveraging the R&D strength of various participants and developing reference designs with standards to bridge the gap for alliance members, thus accelerating innovation and reducing development cycles.

India is also expected to start exclusive programs to promote fuel cells. As of now, India ‘s presence is seen in the form of installations of backup power fuel cell systems for telecom towers. In December 2020, Indian Oil Corporation announced plans to buy 15 fuel cell buses for Delhi NCR. The company will produce hydrogen fuel in Faridabad. In February 2020, the Ministry of New and Renewable Energy (MNRE) partnered with NTPC and proposed the launch of a fuel cell bus project. The fuel cell bus developed by Tata Motors and ISRO in 2019 will be used for this purpose. Similarly, in 2022, KPIT launched the country’s first self-developed fuel cell bus.

Several European and American automobile manufacturers, such as Volkswagen (Germany), Mercedes-Benz (Germany), and General Motors (US), have shifted their production plants to developing countries. Major engineering solution providers such as Bertrandt AG (Germany), Capgemini (France), and Continental Engineering Services (Germany) have facilities across Asia Pacific region. In October 2021, US automaker Tesla opened its new R&D centre and gigafactory data centre in China to manufacture EVs. In March 2022, the Swedish OEM, Volvo Group, announced the expansion of its R&D operations in India. The new R&D facility in India will become Volvo’s largest R&D site outside Sweden. In August 2022, Japanese automaker, Suzuki, announced the setting up a global R&D company in India. Global OEMs in Japan, such as Toyota, Nissan, and Honda, have also worked with various automotive service providers. For instance, in February 2022, Toyota partnered with AVL to develop technologies such as Driver in Loop (DiL) with model-based calibration and testing to promote driving efficiency and quality. The DiL technology will mainly be used in the automotive testing process.

Automotive Engineering Services Market Size, and Share

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Key Market Players

The automotive engineering services market is dominated by established players such as Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and HCL Technologies (India), among others. These companies provide automotive engineering services to global OEMs and component manufacturers. These companies have set up R&D infrastructure and offer best-in-class engineering services to their customers.

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Scope of the Report

Report Metrics

Details

Market Size Available for Years 2018–2028
Base Year Considered 2021
Forecast Period 2022–2028
Forecast Units Value (USD Million/USD Billion)
Segments Covered Application, Location, Vehicle Type, Service, Propulsion, Nature Type
Geographies Covered North America, Europe, Asia Pacific and Rest of the World
Companies Covered Capgemini (France), IAV Automotive Engineering (Germany), Tech Mahindra (India), AKKA Technologies (Belgium), and HCL Technologies (India) and others.
A total of 30 major company profiles were covered and provided.

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

Based on Vehicle Type:
  • Passenger Cars
  • Commercial Vehicles
Based on Location:
  • In-house
  • Outsource
Based on Application:
  • ADAS and safety
  • Electrical, electronics, and body controls
  • Chassis
  • Connectivity services
  • Interior, exterior, and body engineering
  • Powertrain and exhaust
  • Simulation
  • Battery development and management
  • Charger testing
  • Motor controls
  • Others
Based on Service:
  • Concept/Research
  • Designing
  • Prototyping
  • System Integration
  • Testing
Based on Propulsion:
  • ICE
  • Electric
Based on Nature Type:
  • Body Leasing
  • Turnkey
Based on Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Russia
    • Spain
    • UK
    • Rest of Europe
  • Rest of the World
    • Brazil
    • Iran
    • Others

Recent Developments

  • In November 2022, IAV Automotive Engineering (IAV) launched a project which provides a method to find the emission from ICE vehicles on braking. It allows IAV to precisely evaluate the mass, number, and size of fine, ultra-fine particles generated during the braking process. This project was undertaken under the EU emission reduction project.
  • In September 2022, Harman International (Harman) launched its new Ready Care service that detects driver behavior and provides solutions for safer driving. It offers solutions like Cognitive Distraction, Stress-Free Routing, and Personalized Comfort along with Herman’s connected vehicle solutions to improve driver safety.
  • In September 2022, Tech Mahindra launched YANTRA.AI, a cognitive AI solution, to strengthen the company’s automotive solution portfolio and provide insights to enterprise partners for better planning and execution of their field services.
  • In August 2022, AVL launched its new inverter test system service for testing inverters from e-motors and batteries and provide representation of safety-related reactions with standard specifications. The testing will provide a detailed, comprehensive validation of inverter performance.
  • In April 2022, FEV launched its FEV.io Intelligent Mobility Software, which combines its expertise in intelligent mobility, software development, and innovative power solutions. As part of this offering, ADAS and connectivity services will be available for the automotive industry in an all-inclusive software suite.
  • In February 2022, Harman International announced the launch of Ready Together and Software Enabled Branded Audio solution for integrated in-car experiences. This solution will combine the company’s connected vehicle solution offerings with its best-in-class automotive entertainment offerings for full engagement while driving cars.
  • In February 2022, Bertrandt AG started providing radar-based ADAS testing services to its range of engineering services. This will enable its customers to carry out radar measurements and verifications using the testing laboratory before testing in an actual vehicle.
  • In January 2022, FEV added a set of offering solutions for developing hybrid electric vehicles. The hybrid-BEV platform eliminates the need for developing multiple platforms for automakers.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           TABLE 1 AUTOMOTIVE ENGINEERING SERVICES MARKET DEFINITION, BY LOCATION
           TABLE 2 MARKET DEFINITION, BY SERVICE TYPE
           TABLE 3 MARKET DEFINITION, BY NATURE TYPE
           TABLE 4 MARKET DEFINITION, BY APPLICATION
           TABLE 5 MARKET DEFINITION, BY VEHICLE TYPE
           TABLE 6 MARKET DEFINITION, BY PROPULSION
           1.2.1 INCLUSIONS AND EXCLUSIONS
                    TABLE 7 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           FIGURE 1 MARKETS COVERED
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 8 CURRENCY EXCHANGE RATES
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 2 AUTOMOTIVE ENGINEERING SERVICES MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           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 Primary interviews: Demand and supply sides
                    2.1.2.2 Key industry insights and breakdown of primary interviews
                               FIGURE 4 KEY INDUSTRY INSIGHTS
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.3 List of primary participants
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR MARKET: TOP-DOWN APPROACH
           2.2.2 RECESSION IMPACT ANALYSIS
                    FIGURE 8 MARKET: RESEARCH DESIGN & METHODOLOGY
                    FIGURE 9 MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF CAPGEMINI REVENUE ESTIMATION
    2.3 DATA TRIANGULATION 
           FIGURE 10 DATA TRIANGULATION METHODOLOGY
           FIGURE 11 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.4 FACTOR ANALYSIS 
           2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 12 AUTOMOTIVE ENGINEERING SERVICES MARKET: MARKET OVERVIEW 
    FIGURE 13 MARKET, BY REGION, 2022–2028 (USD MILLION) 
    FIGURE 14 MARKET: ONGOING MARKET TRENDS 
    FIGURE 15 MARKET, BY SERVICE TYPE, 2022−2028 
    FIGURE 16 RECESSION IMPACT ON MARKET 
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE ENGINEERING SERVICES MARKET 
           FIGURE 17 GROWTH OF CONNECTED SERVICES AND INCREASING FOCUS ON ELECTRIC VEHICLES TO DRIVE MARKET IN NEXT FIVE YEARS
    4.2 MARKET, BY LOCATION 
           FIGURE 18 OUTSOURCE SEGMENT TO REGISTER HIGHER CAGR THAN IN-HOUSE SEGMENT DURING FORECAST PERIOD
    4.3 MARKET, BY SERVICE TYPE 
           FIGURE 19 PROTOTYPING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (ICE+EV)
    4.4 MARKET, BY APPLICATION 
           FIGURE 20 ELECTRICAL, ELECTRONICS, AND BODY CONTROLS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (ICE)
           FIGURE 21 BATTERY DEVELOPMENT AND MANAGEMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD (EV)
    4.5 MARKET, BY VEHICLE TYPE 
           FIGURE 22 PASSENGER CARS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (ICE+EV)
   (Page No. - )
    4.6 MARKET, BY PROPULSION 
           FIGURE 23 ELECTRIC SEGMENT TO GROW AT HIGHER RATE THAN ICE SEGMENT DURING FORECAST PERIOD
    4.7 MARKET, BY NATURE TYPE 
           FIGURE 24 BODY LEASING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD (ICE+EV)
    4.8 MARKET, BY REGION 
           FIGURE 25 EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
 
5 MARKET OVERVIEW (Page No. - 60)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 26 AUTOMOTIVE ENGINEERING SERVICES MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for ADAS and connectivity solutions
                               FIGURE 27 ADVANCED ADAS AND CONNECTIVITY SYSTEMS
                    5.2.1.2 Electrification of vehicles and increase in shared mobility
                               FIGURE 28 GLOBAL EV SALES, 2010–2021
                    5.2.1.3 Use of advanced automotive applications in luxury vehicles
                               TABLE 9 GLOBAL LUXURY CAR SALES BY GERMAN BRANDS (UNITS), 2015–2021
                               TABLE 10 LUXURY CAR SALES BY GERMAN BRANDS IN CHINA (UNITS), 2015–2021
                               TABLE 11 LUXURY CAR SALES BY GERMAN BRANDS IN US (UNITS), 2016–2021
           5.2.2 RESTRAINTS
                    5.2.2.1 Intellectual property constraints
                    5.2.2.2 Digitization of R&D operations of global automotive OEMs
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Stringent government regulations for automotive safety features
                               TABLE 12 SAFETY FEATURES UNDER DEVELOPMENT
                    5.2.3.2 Technological shift to L4 and L5 automation
                               FIGURE 29 VISION SYSTEM OF FULLY AUTONOMOUS VEHICLE
                    5.2.3.3 Implementation of stringent emission norms and environmental regulations
                               TABLE 13 EUROPEAN EMISSION NORMS (EURO VII NORMS)
                               FIGURE 30 GLOBAL FUEL ECONOMY AND CO2 EMISSION DATA, 2016–2025
           5.2.4 CHALLENGES
                    5.2.4.1 Highly competitive and scattered market
                    5.2.4.2 Risk of heavy investments
                    5.2.4.3 Increase in cybersecurity threats due to advancements in connectivity technology
           5.2.5 IMPACT OF MARKET DYNAMICS
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 31 PORTER’S FIVE FORCES ANALYSIS: MARKET
           TABLE 14 MARKET: IMPACT OF PORTER’S FIVE FORCES
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 32 VALUE CHAIN OF AUTOMOTIVE ENGINEERING SERVICES
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 GDP TRENDS AND FORECAST FOR MAJOR ECONOMIES
                    TABLE 15 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
    5.6 MARKET ECOSYSTEM 
           FIGURE 33 MARKET: ECOSYSTEM ANALYSIS
           5.6.1 DESIGN, PROTOTYPING, AND TESTING SOLUTION PROVIDERS
           5.6.2 AUTOMOTIVE ENGINEERING SERVICES PROVIDERS
           5.6.3 OEMS
           5.6.4 END USERS
                    TABLE 16 AUTOMOTIVE ENGINEERING SERVICES MARKET: ECOSYSTEM
    5.7 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.7.1 IN-HOUSE
           5.7.2 OUTSOURCE
           5.7.3 KEY STAKEHOLDERS ON BUYING PROCESS
                    FIGURE 34 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 2 APPLICATIONS
                    TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 2 APPLICATIONS (%)
           5.7.4 BUYING CRITERIA
                    FIGURE 35 KEY BUYING CRITERIA: BY LOCATION
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 CONNECTED VEHICLES
                    FIGURE 36 CONNECTED CAR SOLUTION
           5.8.2 ELECTRIC AND HYBRID VEHICLES
           5.8.3 ADVANCED DRIVER ASSISTANCE SYSTEMS (ADAS)
                    FIGURE 37 ADVANCED DRIVER ASSISTANCE SYSTEMS FOR AUTOMOTIVE AND TRANSPORTATION
           5.8.4 HIGH-POWER ELECTRIC MOTORS
                    FIGURE 38 48 VOLT ELECTRIFICATIONS
           5.8.5 INDUCTION MOTORS
           5.8.6 SOLID-STATE BATTERY (SSB)
           5.8.7 SENSOR FUSION TECHNOLOGY
                    FIGURE 39 SENSOR FUSION TECHNOLOGY
    5.9 PATENT ANALYSIS 
           FIGURE 40 NUMBER OF PUBLISHED PATENTS (2013–2022)
           FIGURE 41 NUMBER OF DOCUMENTS
           TABLE 18 IMPORTANT PATENT REGISTRATIONS RELATED TO AUTOMOTIVE ENGINEERING SERVICES MARKET, 2022
    5.10 CASE STUDY ANALYSIS 
           5.10.1 CASE STUDY 1: MODEL-BASED SYSTEM ENGINEERING BY L&T TECHNOLOGY SERVICES
           5.10.2 CASE STUDY 2: SIMULATION-BASED DEVELOPMENT OF FUNCTIONAL OIL DISTRIBUTION IN ELECTRIC AXLE SYSTEMS, BY AVL AND SCHAEFFLER
                    FIGURE 42 PASSIVE LUBRICATION CONCEPTS
           5.10.3 CASE STUDY 3: TOWARDS A META-FACTORY SETUP
           5.10.4 CASE STUDY 4: PERFORMING SIMULATIONS FOR SMART MANUFACTURING
           5.10.5 CASE STUDY 5: DEVELOPMENT OF COMMERCIAL VEHICLE E-AXLE SYSTEM BASED ON NVH PERFORMANCE OPTIMIZATION
           5.10.6 CASE STUDY 6: FUTURE-PROOFING VEHICLE STEERING SYSTEM
           5.10.7 CASE STUDY 7: RENESAS BOOSTS DEEP LEARNING DEVELOPMENT FOR ADAS AND AUTOMATED DRIVING APPLICATIONS
           5.10.8 CASE STUDY 8: DEVELOPING AUTONOMOUS DRIVING FOR GLOBAL OEM
    5.11 REGULATORY OVERVIEW 
                    FIGURE 43 EMISSION REDUCTION OVERVIEW OF MAJOR COUNTRIES, 2021
                    TABLE 19 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS
                    TABLE 20 US III STANDARDS 2021: US EMISSION NORMS
                    TABLE 21 CHINA 6A, 6B STANDARDS 2021: CHINESE EMISSION NORMS
                    TABLE 22 JAPAN WLTC STANDARDS 2021: JAPANESE EMISSION NORMS
                    TABLE 23 BRAZIL L-6 STANDARDS 2021: BRAZILIAN EMISSION NORMS
           5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 24 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 25 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 26 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.12 TRENDS AND DISRUPTIONS 
                    FIGURE 44 MARKET: TRENDS AND DISRUPTIONS
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023 
                    TABLE 27 MARKET: CONFERENCES AND EVENTS
    5.14 IMPACT OF RECESSION 
           5.14.1 INTRODUCTION
           5.14.2 REGIONAL MACRO-ECONOMIC OVERVIEW
           5.14.3 ANALYSIS OF KEY ECONOMIC INDICATORS
                    TABLE 28 KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–2023
           5.14.4 ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION
                    5.14.4.1 Europe
                               TABLE 29 EUROPE: KEY ECONOMIC INDICATORS, 2021–2023
                               TABLE 30 EUROPE: KEY INFLATION INDICATORS, 2021–2023
                    5.14.4.2 Asia Pacific
                               TABLE 31 ASIA PACIFIC: KEY ECONOMIC INDICATORS, 2021–2023
                               TABLE 32 ASIA PACIFIC: KEY INFLATION INDICATORS, 2021–2023
                    5.14.4.3 Americas
                               TABLE 33 AMERICAS: KEY ECONOMIC INDICATORS, 2021–2023
                               TABLE 34 AMERICAS: KEY INFLATION INDICATORS, 2021–2023
           5.14.5 ECONOMIC OUTLOOK/PROJECTIONS
                    TABLE 35 GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH)
    5.15 RECESSION IMPACT ON AUTOMOTIVE SECTOR 
           5.15.1 ANALYSIS OF AUTOMOTIVE VEHICLE SALES
                    5.15.1.1 Europe
                               TABLE 36 EUROPE: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022
                    5.15.1.2 Asia Pacific
                               TABLE 37 ASIA PACIFIC: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022
                    5.15.1.3 Americas
                               TABLE 38 AMERICAS: PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE SALES, BY COUNTRY, 2021–2022
           5.15.2 AUTOMOTIVE SALES OUTLOOK
                    TABLE 39 PASSENGER CAR AND LIGHT COMMERCIAL VEHICLE PRODUCTION FORECAST, 2022 VS. 2027 (THOUSAND UNITS)
    5.16 MARKET SCENARIOS (2022–2028) 
                    FIGURE 45 MARKET: FUTURE TRENDS AND SCENARIOS, 2022–2028
           5.16.1 REALISTIC SCENARIO
                    TABLE 40 MARKET: MOST LIKELY SCENARIO, BY REGION, 2022–2028 (USD MILLION)
           5.16.2 OPTIMISTIC SCENARIO
                    TABLE 41 MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022–2028 (USD MILLION)
           5.16.3 PESSIMISTIC SCENARIO
                    TABLE 42 MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022–2028 (USD MILLION)
 
6 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY LOCATION (Page No. - 111)
    6.1 INTRODUCTION 
           FIGURE 46 MARKET, BY LOCATION, 2022−2028
           TABLE 43 MARKET, BY LOCATION, 2018–2021 (USD MILLION)
           TABLE 44 MARKET, BY LOCATION, 2022–2028 (USD MILLION)
           6.1.1 OPERATIONAL DATA
                    TABLE 45 TOP R&D INVESTORS IN ENGINEERING SERVICES
           6.1.2 ASSUMPTIONS
           6.1.3 RESEARCH METHODOLOGY
    6.2 IN-HOUSE 
           6.2.1 ADVANTAGES SUCH AS STREAMLINED COMMUNICATION, IMPROVED QUALITY CONTROL, AND FASTER TIME TO MARKET TO INCREASE DEMAND FOR IN-HOUSE R&D
                    FIGURE 47 IN-HOUSE OPERATING SYSTEM OF VOLKSWAGEN
                    TABLE 46 IN-HOUSE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 47 IN-HOUSE: MARKET, BY REGION, 2022–2028 (USD MILLION)
    6.3 OUTSOURCE 
           6.3.1 INCREASE IN DEMAND FOR ELECTRIFICATION, VEHICLE CONNECTIVITY, ADAS, AND SAFETY SERVICES TO DRIVE SEGMENT
                    TABLE 48 PERCENTAGE DISTRIBUTION OF REGION-WISE OUTSOURCING BY MAJOR OEMS
                    TABLE 49 OUTSOURCE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 50 OUTSOURCE: MARKET, BY REGION, 2022–2028 (USD MILLION)
    6.4 KEY INDUSTRY INSIGHTS 
 
7 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY SERVICE TYPE (Page No. - 118)
    7.1 INTRODUCTION 
           FIGURE 48 MARKET, BY SERVICE TYPE, 2022−2028
           TABLE 51 MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
           TABLE 52 MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
           7.1.1 OPERATIONAL DATA
                    FIGURE 49 PRODUCTION AND DEVELOPMENT CYCLE OF VEHICLES
           7.1.2 ASSUMPTIONS
           7.1.3 RESEARCH METHODOLOGY
    7.2 CONCEPT/RESEARCH 
           7.2.1 ADVANCEMENTS IN AUTOMOTIVE TECHNOLOGIES TO DRIVE SEGMENT
                    TABLE 53 LIST OF CONCEPT CARS
                    TABLE 54 CONCEPT/RESEARCH: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 55 CONCEPT/RESEARCH: MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.3 DESIGNING 
           7.3.1 GROWING DEMAND FOR SMART MANUFACTURING AND RAPID UPGRADES IN AUTOMOTIVE DESIGN TO DRIVE MARKET
                    TABLE 56 DESIGN PROCESS OF VEHICLES
                    TABLE 57 DESIGNING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 58 DESIGNING: MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.4 PROTOTYPING 
           7.4.1 DEMAND FOR FLEXIBILITY TO ADOPT NEW DESIGNS TO DRIVE MARKET GROWTH
                    TABLE 59 PROTOTYPING PROCESS OF VEHICLES
                    TABLE 60 PROTOTYPING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 61 PROTOTYPING: MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.5 SYSTEM INTEGRATION 
           7.5.1 PROVISION OF QUALITY ENGINEERING SERVICES OUTSOURCED AT SUSTAINABLE COSTS TO INCREASE DEMAND
                    TABLE 62 SYSTEM INTEGRATION: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 63 SYSTEM INTEGRATION: MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.6 TESTING 
           7.6.1 ADVANCEMENTS IN EV TECHNOLOGIES TO DRIVE DEMAND FOR BATTERY TESTING SERVICES
                    TABLE 64 TESTING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 65 TESTING: MARKET, BY REGION, 2022–2028 (USD MILLION)
    7.7 KEY INDUSTRY INSIGHTS 
 
8 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY APPLICATION (Page No. - 131)
    8.1 INTRODUCTION 
           FIGURE 50 MARKET FOR ICE VEHICLES, BY APPLICATION, 2022–2028 (USD MILLION)
           FIGURE 51 MARKET FOR ELECTRIC VEHICLES, BY APPLICATION, 2022–2028 (USD MILLION)
           TABLE 66 MARKET FOR ICE VEHICLES, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 67 MARKET FOR ICE VEHICLES, BY APPLICATION, 2022–2028 (USD MILLION)
           TABLE 68 MARKET FOR ELECTRIC VEHICLES, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 69 MARKET FOR ELECTRIC VEHICLES, BY APPLICATION, 2022–2028 (USD MILLION)
           8.1.1 OPERATIONAL DATA
                    TABLE 70 ADAS FEATURES IN 2020 TOYOTA VEHICLES
           8.1.2 ASSUMPTIONS
           8.1.3 RESEARCH METHODOLOGY
    8.2 ADAS AND SAFETY 
           8.2.1 GROWING DEMAND FOR ROAD SAFETY AND AUTONOMOUS VEHICLES TO DRIVE SEGMENT
                    TABLE 71 ADAS AND SAFETY: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 72 ADAS AND SAFETY: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 73 ADAS AND SAFETY: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 74 ADAS AND SAFETY: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.3 ELECTRICAL, ELECTRONICS, AND BODY CONTROLS 
           8.3.1 GROWING DEMAND FOR APPLICATIONS SUCH AS POWER MANAGEMENT MODULES, CLIMATE CONTROLS, POWER WINDOWS, BODY CONTROL MODULES, AND SMART MIRRORS TO DRIVE MARKET
                    TABLE 75 ELECTRICAL, ELECTRONICS, AND BODY CONTROLS: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 76 ELECTRICAL, ELECTRONICS, AND BODY CONTROLS: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 77 ELECTRICAL, ELECTRONICS, AND BODY CONTROLS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 78 ELECTRICAL, ELECTRONICS, AND BODY CONTROLS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.4 CHASSIS 
           8.4.1 ELECTRIFICATION OF CHASSIS SYSTEMS COMBINED WITH DAMPING CONTROLS TO DRIVE DEMAND FOR ENGINEERING SERVICES FOR SAFER AND MORE EFFICIENT VEHICLES
                    TABLE 79 CHASSIS: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 80 CHASSIS: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 81 CHASSIS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 82 CHASSIS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.5 CONNECTIVITY SERVICES 
           8.5.1 AVAILABILITY OF LARGE OUTSOURCING ECOSYSTEM FOR CONNECTIVITY SERVICES TO DRIVE DEMAND FOR AUTOMOTIVE ENGINEERING SERVICES
                    TABLE 83 AUTOMOTIVE OUTSOURCING BY VERTICALS: CONNECTIVITY SERVICES
                    TABLE 84 CONNECTIVITY SERVICES: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 85 CONNECTIVITY SERVICES: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 86 CONNECTIVITY SERVICES: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 87 CONNECTIVITY SERVICES: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.6 INTERIOR, EXTERIOR, AND BODY ENGINEERING 
           8.6.1 NEED FOR INCREASED COMFORT AND ADDITION OF INNOVATIVE FEATURES TO FUEL DEMAND FOR INTERIOR, EXTERIOR, AND BODY ENGINEERING SERVICES
                    TABLE 88 AUTOMOTIVE OUTSOURCING BY VERTICALS: INTERIOR, EXTERIOR, AND BODY ENGINEERING
                    TABLE 89 INTERIOR, EXTERIOR, AND BODY ENGINEERING: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 90 INTERIOR, EXTERIOR, AND BODY ENGINEERING: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 91 INTERIOR, EXTERIOR, AND BODY ENGINEERING: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 92 INTERIOR, EXTERIOR, AND BODY ENGINEERING: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.7 POWERTRAIN AND EXHAUST 
           8.7.1 DEVELOPMENT OF ADVANCED POWERTRAIN DESIGNS DUE TO CHANGING EMISSION NORMS TO INCREASE DEMAND
                    TABLE 93 AUTOMOTIVE OUTSOURCING BY VERTICALS: POWERTRAIN AND EXHAUST
                    TABLE 94 POWERTRAIN AND EXHAUST: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 95 POWERTRAIN AND EXHAUST: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 96 POWERTRAIN AND EXHAUST: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 97 POWERTRAIN AND EXHAUST: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.8 SIMULATION 
           8.8.1 USE OF NEW TECHNOLOGIES SUCH AS METAVERSE IN AUTOMOTIVE SIMULATION TO CREATE NEW MARKET GROWTH OPPORTUNITIES
                    TABLE 98 SIMULATION: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 99 SIMULATION: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 100 SIMULATION: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 101 SIMULATION: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.9 BATTERY DEVELOPMENT AND MANAGEMENT 
           8.9.1 ADVANCEMENTS IN BATTERY SYSTEMS DUE TO DEMAND FOR EV BATTERY SAFETY TO DRIVE SEGMENT
                    TABLE 102 BATTERY DEVELOPMENT AND MANAGEMENT: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 103 BATTERY DEVELOPMENT AND MANAGEMENT: MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.10 CHARGER TESTING 
           8.10.1 NEED TO PROTECT CHARGERS AND BATTERIES FROM DAMAGE DUE TO EXCESS HEAT TO DRIVE SEGMENT
                    TABLE 104 EV CHARGER TESTING STANDARDS AND REGULATIONS
                    TABLE 105 CHARGER TESTING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 106 CHARGER TESTING: MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.11 MOTOR CONTROLS 
           8.11.1 BETTER FUNCTIONALITY OF MOTORS IN EVS TO BOOST MARKET GROWTH
                    TABLE 107 MOTOR CONTROLS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 108 MOTOR CONTROLS: MARKET, BY REGION, 2022–2028 (USD MILLION)
    8.12 OTHERS 
           8.12.1 NEED FOR INCREASED FUNCTIONALITIES IN AUTOMOTIVES TO DRIVE DEMAND FOR ENGINEERING SERVICES
                    TABLE 109 OTHERS: MARKET FOR ICE VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 110 OTHERS: MARKET FOR ICE VEHICLES, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 111 OTHERS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 112 OTHERS: MARKET FOR ELECTRIC VEHICLES, BY REGION, 2022–2028 (USD MILLION)
    8.13 KEY INDUSTRY INSIGHTS 
 
9 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY VEHICLE TYPE (Page No. - 159)
    9.1 INTRODUCTION 
           FIGURE 52 MARKET, BY VEHICLE TYPE, 2022-2028
           TABLE 113 MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
           TABLE 114 MARKET, BY VEHICLE TYPE, 2022–2028 (USD MILLION)
           9.1.1 OPERATIONAL DATA
                    TABLE 115 GLOBAL PASSENGER CARS AND COMMERCIAL VEHICLES PRODUCTION DATA, 2021 (UNITS)
           9.1.2 ASSUMPTIONS
           9.1.3 RESEARCH METHODOLOGY
    9.2 PASSENGER CARS 
           9.2.1 USE OF BEST-IN-CLASS SERVICES IN PASSENGER CARS TO INCREASE DEMAND
                    TABLE 116 PASSENGER CARS: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 117 PASSENGER CARS: MARKET, BY REGION, 2022–2028 (USD MILLION)
    9.3 COMMERCIAL VEHICLES 
           9.3.1 INTRODUCTION OF CONNECTIVITY SERVICES TO INCREASE DEMAND FOR ENGINEERING SERVICES FOR COMMERCIAL VEHICLES
                    TABLE 118 COMMERCIAL VEHICLES: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 119 COMMERCIAL VEHICLES: MARKET, BY REGION, 2022–2028 (USD MILLION)
    9.4 KEY INDUSTRY INSIGHTS 
 
10 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY NATURE TYPE (Page No. - 167)
     10.1 INTRODUCTION 
               FIGURE 53 MARKET, BY NATURE TYPE, 2022–2028
               TABLE 120 MARKET, BY NATURE TYPE, 2018–2021 (USD MILLION)
               TABLE 121 MARKET, BY NATURE TYPE, 2022–2028 (USD MILLION)
             10.1.1 OPERATIONAL DATA
                       TABLE 122 GLOBAL AES PROVIDERS, BY NATURE TYPE
             10.1.2 ASSUMPTIONS
             10.1.3 RESEARCH METHODOLOGY
     10.2 BODY LEASING 
             10.2.1 REQUIREMENT FOR OUTSOURCING SPECIFIC PROJECTS BY OEMS TO INCREASE DEMAND FOR BODY LEASING
                       TABLE 123 BODY LEASING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 124 BODY LEASING: MARKET, BY REGION, 2022–2028 (USD MILLION)
     10.3 TURNKEY 
             10.3.1 NEED FOR COMPLETE OUTSOURCING OF AES SERVICES TO INCREASE TURNKEY SERVICES DEMAND
                       TABLE 125 TURNKEY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 126 TURNKEY: MARKET, BY REGION, 2022–2028 (USD MILLION)
     10.4 KEY INDUSTRY INSIGHTS 
 
11 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY PROPULSION (Page No. - 174)
     11.1 INTRODUCTION 
               FIGURE 54 MARKET, BY PROPULSION, 2022–2028
               TABLE 127 MARKET, BY PROPULSION, 2018–2021 (USD MILLION)
               TABLE 128 MARKET, BY PROPULSION, 2022–2028 (USD MILLION)
             11.1.1 ASSUMPTIONS
             11.1.2 RESEARCH METHODOLOGY
     11.2 INTERNAL COMBUSTION ENGINE 
             11.2.1 GROWING DEMAND FOR INNOVATIVE AUTOMOTIVE SOLUTIONS SUCH AS CONNECTIVITY AND ADAS TO INCREASE AES DEMAND
                       TABLE 129 INTERNAL COMBUSTION ENGINE: MARKET, BY PROPULSION, 2018–2021 (USD MILLION)
                       TABLE 130 INTERNAL COMBUSTION ENGINE: MARKET, BY PROPULSION, 2022–2028 (USD MILLION)
     11.3 ELECTRIC 
             11.3.1 GROWING EV DEMAND DUE TO INCENTIVES AND OEM SUPPORT TO INCREASE ER&D SPENDING IN COMING YEARS
                       TABLE 131 ELECTRIC: MARKET, BY PROPULSION, 2018–2021 (USD MILLION)
                       TABLE 132 ELECTRIC: MARKET, BY PROPULSION, 2022–2028 (USD MILLION)
     11.4 KEY INDUSTRY INSIGHTS 
 
12 AUTOMOTIVE ENGINEERING SERVICES MARKET, BY REGION (Page No. - 181)
     12.1 INTRODUCTION 
               FIGURE 55 MARKET, BY REGION, 2022–2028
               TABLE 133 MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 134 MARKET, BY REGION, 2022–2028 (USD MILLION)
     12.2 ASIA PACIFIC 
               FIGURE 56 ASIA PACIFIC: MARKET SNAPSHOT, 2022–2028
               TABLE 135 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 136 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             12.2.1 CHINA
                       12.2.1.1 Setting up of new R&D facilities by top OEMs and AES providers to drive market
                                   TABLE 137 CHINA: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 138 CHINA: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.2.2 INDIA
                       12.2.2.1 Presence of strong AES ecosystem to boost market
                                   TABLE 139 INDIA: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 140 INDIA: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.2.3 JAPAN
                       12.2.3.1 Growing outsourcing services by major OEMs to automotive service providers to drive market
                                   TABLE 141 JAPAN: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 142 JAPAN: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.2.4 SOUTH KOREA
                       12.2.4.1 OEM push for vehicle electrification to increase demand for automotive engineering services
                                   TABLE 143 SOUTH KOREA: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 144 SOUTH KOREA: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.2.5 REST OF ASIA PACIFIC
                       TABLE 145 REST OF ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                       TABLE 146 REST OF ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
     12.3 EUROPE 
               FIGURE 57 EUROPE: MARKET GROWTH, 2022–2028
               TABLE 147 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 148 EUROPE: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             12.3.1 FRANCE
                       12.3.1.1 Rapid shift to EVs and regulations for automotive safety systems to increase AES demand
                                   TABLE 149 FRANCE: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 150 FRANCE: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.3.2 GERMANY
                       12.3.2.1 Large ER&D and outsourcing budgets of top German automakers and component manufacturers to increase AES demand
                                   TABLE 151 GERMANY: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 152 GERMANY: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.3.3 ITALY
                       12.3.3.1 Rapid electrification and demand for advanced features in vehicles to drive market
                                   TABLE 153 ITALY: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 154 ITALY: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.3.4 RUSSIA
                       12.3.4.1 Divestments due to Russia-Ukraine war to impact market growth
                                   TABLE 155 RUSSIA: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 156 RUSSIA: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.3.5 SPAIN
                       12.3.5.1 EV shift and demand for advanced features in commercial vehicles to drive market
                                   TABLE 157 SPAIN: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 158 SPAIN: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.3.6 UK
                       12.3.6.1 Rapid electrification plans and high demand for luxury automobiles to drive market
                                   TABLE 159 UK: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 160 UK: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.3.7 REST OF EUROPE
                       TABLE 161 REST OF EUROPE: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                       TABLE 162 REST OF EUROPE: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
     12.4 NORTH AMERICA 
               FIGURE 58 NORTH AMERICA: MARKET, 2022–2028
               TABLE 163 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 164 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             12.4.1 CANADA
                       12.4.1.1 Establishment of new R&D facilities by global automotive service providers to drive market
                                   TABLE 165 CANADA: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 166 CANADA: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.4.2 MEXICO
                       12.4.2.1 Entry of global players to drive automotive engineering services industry growth
                                   TABLE 167 MEXICO: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 168 MEXICO: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.4.3 US
                       12.4.3.1 Collaborations and partnerships between AES providers and automotive OEMs to drive market
                                   TABLE 169 US: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 170 US: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
     12.5 REST OF THE WORLD (ROW) 
               FIGURE 59 REST OF THE WORLD: MARKET, 2022–2028
               TABLE 171 REST OF THE WORLD: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
               TABLE 172 REST OF THE WORLD: MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             12.5.1 BRAZIL
                       12.5.1.1 Expansion of R&D operations by major AES providers to impact market positively
                                   TABLE 173 BRAZIL: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 174 BRAZIL: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.5.2 IRAN
                       12.5.2.1 Developments in automotive technology to drive market
                                   TABLE 175 IRAN: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                                   TABLE 176 IRAN: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
             12.5.3 OTHERS
                       TABLE 177 OTHERS: MARKET, BY SERVICE TYPE, 2018–2021 (USD MILLION)
                       TABLE 178 OTHERS: MARKET, BY SERVICE TYPE, 2022–2028 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 216)
     13.1 OVERVIEW 
     13.2 MARKET SHARE ANALYSIS 
               TABLE 179 MARKET SHARE ANALYSIS, 2021
               FIGURE 60 MARKET SHARE ANALYSIS FOR MARKET, 2021
     13.3 MARKET EVALUATION FRAMEWORK: REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 
               FIGURE 61 TOP PUBLIC/LISTED PLAYERS DOMINATING MARKET
     13.4 COMPETITIVE SCENARIO 
             13.4.1 DEALS
                       TABLE 180 DEALS, 2019–2022
             13.4.2 NEW PRODUCT DEVELOPMENTS
                       TABLE 181 NEW PRODUCT DEVELOPMENTS, 2019–2022
             13.4.3 OTHERS
                       TABLE 182 EXPANSIONS, 2019–2022
     13.5 COMPETITIVE LEADERSHIP MAPPING FOR MARKET 
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                       FIGURE 62 MARKET: COMPETITIVE LEADERSHIP MAPPING FOR TOP PLAYERS, 2021
             13.5.5 COMPANY EVALUATION QUADRANT: FOOTPRINT OF MARKET PLAYERS, 2021
                       TABLE 183 COMPANY FOOTPRINT
             13.5.6 MARKET: APPLICATION FOOTPRINT OF MARKET PLAYERS, 2021
                       TABLE 184 COMPANY APPLICATION FOOTPRINT
             13.5.7 MARKET: REGIONAL FOOTPRINT OF MARKET PLAYERS, 2021
                       TABLE 185 COMPANY REGIONAL FOOTPRINT
     13.6 COMPETITIVE EVALUATION QUADRANT: SMES AND OTHER KEY PLAYERS 
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                       FIGURE 63 AUTOMOTIVE ENGINEERING SERVICES MARKET: COMPETITIVE LEADERSHIP MAPPING FOR SMES AND OTHER KEY PLAYERS, 2021
 
14 COMPANY PROFILES (Page No. - 228)
(Business overview, Products offered, Recent developments & MnM View)*
     14.1 KEY PLAYERS 
             14.1.1 CAPGEMINI
                       TABLE 186 CAPGEMINI: BUSINESS OVERVIEW
                       FIGURE 64 CAPGEMINI: COMPANY SNAPSHOT
                       TABLE 187 CAPGEMINI: TOP CLIENTS ACROSS INDUSTRIES
                       TABLE 188 CAPGEMINI: PRODUCTS/SERVICES OFFERED
                       TABLE 189 CAPGEMINI: NEW PRODUCT DEVELOPMENTS
                       TABLE 190 CAPGEMINI: DEALS
                       TABLE 191 CAPGEMINI: OTHERS
             14.1.2 AKKA TECHNOLOGIES
                       TABLE 192 AKKA TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 65 AKKA TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 193 AKKA TECHNOLOGIES: AUTOMOTIVE OUTSOURCING, BY VERTICAL
                       TABLE 194 AKKA TECHNOLOGIES: PRODUCTS/SERVICES OFFERED
                       TABLE 195 AKKA TECHNOLOGIES: NEW PRODUCT DEVELOPMENTS
                       TABLE 196 AKKA TECHNOLOGIES: DEALS
             14.1.3 TECH MAHINDRA
                       TABLE 197 TECH MAHINDRA: BUSINESS OVERVIEW
                       FIGURE 66 TECH MAHINDRA: COMPANY SNAPSHOT
                       FIGURE 67 TECH MAHINDRA: NXT.NOW STRATEGY
                       TABLE 198 TECH MAHINDRA: PRODUCTS/SERVICES OFFERED
                       TABLE 199 TECH MAHINDRA: NEW PRODUCT DEVELOPMENTS
                       TABLE 200 TECH MAHINDRA: DEALS
                       TABLE 201 TECH MAHINDRA: OTHERS
             14.1.4 IAV AUTOMOTIVE ENGINEERING
                       TABLE 202 IAV AUTOMOTIVE ENGINEERING: BUSINESS OVERVIEW
                       FIGURE 68 IAV AUTOMOTIVE ENGINEERING: SERVICES PORTFOLIO
                       TABLE 203 IAV AUTOMOTIVE ENGINEERING: PRODUCTS/SERVICES OFFERED
                       TABLE 204 IAV AUTOMOTIVE ENGINEERING: NEW PRODUCT DEVELOPMENTS
                       TABLE 205 IAV AUTOMOTIVE ENGINEERING: DEALS
                       TABLE 206 IAV AUTOMOTIVE ENGINEERING: OTHERS
             14.1.5 HCL TECHNOLOGIES
                       TABLE 207 HCL TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 69 HCL TECHNOLOGIES: COMPANY SNAPSHOT
                       FIGURE 70 HCL TECHNOLOGIES: COMPANY AES SOLUTIONS OVERVIEW
                       TABLE 208 HCL TECHNOLOGIES: PRODUCTS/SERVICES OFFERED
                       TABLE 209 HCL TECHNOLOGIES: DEALS
                       TABLE 210 HCL TECHNOLOGIES: OTHERS
             14.1.6 HARMAN INTERNATIONAL
                       TABLE 211 HARMAN INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 212 HARMAN INTERNATIONAL: PRODUCTS/SERVICES OFFERED
                       TABLE 213 HARMAN INTERNATIONAL: NEW PRODUCT DEVELOPMENTS
                       TABLE 214 HARMAN INTERNATIONAL: DEALS
                       TABLE 215 HARMAN INTERNATIONAL: OTHERS
             14.1.7 RICARDO
                       TABLE 216 RICARDO: BUSINESS OVERVIEW
                       FIGURE 71 RICARDO: COMPANY SNAPSHOT
                       TABLE 217 RICARDO: PRODUCTS/SERVICES OFFERED
                       TABLE 218 RICARDO: NEW PRODUCT DEVELOPMENTS
                       TABLE 219 RICARDO: DEALS
                       TABLE 220 RICARDO: OTHERS
             14.1.8 AVL
                       TABLE 221 AVL: BUSINESS OVERVIEW
                       TABLE 222 AVL: PRODUCTS/SERVICES OFFERED
                       TABLE 223 AVL: NEW PRODUCT DEVELOPMENTS
                       TABLE 224 AVL: DEALS
                       TABLE 225 AVL: OTHERS
             14.1.9 BERTRANDT AG
                       TABLE 226 BERTRANDT AG: BUSINESS OVERVIEW
                       FIGURE 72 BERTRANDT AG: COMPANY SNAPSHOT
                       TABLE 227 BERTRANDT AG: AUTOMOTIVE OUTSOURCING, BY VERTICAL
                       TABLE 228 BERTRANDT AG: PRODUCTS/SERVICES OFFERED
                       TABLE 229 BERTRANDT AG: NEW PRODUCT DEVELOPMENTS
                       TABLE 230 BERTRANDT AG: DEALS
                       TABLE 231 BERTRANDT AG: OTHERS
             14.1.10 ALTEN GROUP
                       TABLE 232 ALTEN GROUP: BUSINESS OVERVIEW
                       FIGURE 73 ALTEN GROUP: COMPANY SNAPSHOT
                       TABLE 233 ALTEN GROUP: AUTOMOTIVE OUTSOURCING, BY VERTICAL
                       TABLE 234 ALTEN GROUP: RECENT AUTOMOTIVE PROJECTS UNDERTAKEN
                       TABLE 235 ALTEN GROUP: PRODUCTS/SERVICES OFFERED
                       TABLE 236 ALTEN GROUP: DEALS
             14.1.11 L&T TECHNOLOGY SERVICES
                       TABLE 237 L&T TECHNOLOGY SERVICES: BUSINESS OVERVIEW
                       FIGURE 74 L&T TECHNOLOGY SERVICES: COMPANY SNAPSHOT
                       FIGURE 75 L&T TECHNOLOGY SERVICES: GROUP STRUCTURE
                       TABLE 238 L&T TECHNOLOGY SERVICES: AUTOMOTIVE OUTSOURCING, BY VERTICAL
                       TABLE 239 L&T TECHNOLOGY SERVICES: PRODUCTS/SERVICES OFFERED
                       TABLE 240 L&T TECHNOLOGY SERVICES: DEALS
                       TABLE 241 L&T TECHNOLOGY SERVICES: OTHERS
             14.1.12 FEV
                       TABLE 242 FEV: BUSINESS OVERVIEW
                       TABLE 243 FEV: PRODUCTS/SERVICES OFFERED
                       TABLE 244 FEV: NEW PRODUCT DEVELOPMENTS
                       TABLE 245 FEV: DEALS
                       TABLE 246 FEV: OTHERS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
             14.2.1 IMAGINATIVE AUTOMOTIVE ENGINEERING SERVICES
             14.2.2 ONWARD TECHNOLOGIES
             14.2.3 AUTOMOTIVE ENGINEERING SERVICES (AES)
             14.2.4 KISTLER
             14.2.5 CONTINENTAL ENGINEERING SERVICES
             14.2.6 EDAG
             14.2.7 ESI GROUP
             14.2.8 SEMCON
             14.2.9 SEGULA TECHNOLOGIES
             14.2.10 GLOBALLOGIC
             14.2.11 EPAM SYSTEMS
             14.2.12 BELCAN
             14.2.13 T-NET JAPAN
             14.2.14 DESIGNTECH SYSTEMS
             14.2.15 HORIBA
             14.2.16 INTERTEK
             14.2.17 ALTAIR ENGINEERING
             14.2.18 ARRK PRODUCT DEVELOPMENT GROUP
 
15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 299)
     15.1 INCREASED DEMAND FOR ELECTRIFICATION, CONNECTIVITY SOLUTIONS, AND ADVANCED SAFETY FEATURES IN VEHICLES 
     15.2 ASIA PACIFIC TO LEAD AUTOMOTIVE ENGINEERING SERVICES MARKET DURING FORECAST PERIOD 
     15.3 CONCLUSION 
 
16 APPENDIX (Page No. - 301)
     16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 
     16.2 DISCUSSION GUIDE 
     16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.4 CUSTOMIZATION OPTIONS 
     16.5 RELATED REPORTS 
     16.6 AUTHOR DETAILS 

The study involved four major activities in 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 the parent market. 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 total market size. Thereafter, market breakdown and data triangulation were used in estimating the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications (for example, publications of automobile OEMs), automotive component associations, American Automobile Association (AAA), European Alternative Fuels Observatory (EAFO), International Energy Agency (IEA), country-level automotive associations, automobile magazines, articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases (for example, Marklines and Factiva) were used to identify and collect information for an extensive commercial study of the automotive engineering services market.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the automotive engineering services market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (country-level government associations, AES providers, trade associations, institutes, R&D centers, OEMs/vehicle manufacturers) and supply (component manufacturers, software providers) sides across four major regions, namely North America, Europe, Asia Pacific and Rest of the world. 21% of the experts involved in primary interviews were from the demand side, while the remaining 79% were from the supply side.

Primary data was collected through questionnaires, emails, and telephonic interviews. Primary interviews were conducted from various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint of the report. After interacting with industry participants, brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, has led to the findings delineated in the rest of this report. Following is the breakdown of primary respondents:

Automotive Engineering Services Market Size, and Share

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 subsegments 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 future 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 subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the supply side.

Report Objectives

  • To segment and forecast the automotive engineering services market size in terms of value (USD million)
    • To define, describe, and forecast the automotive engineering services market based on vehicle type, location, application, propulsion, service type, nature type, and region
    • To segment the market and forecast its size, by volume and value, based on region (Asia Pacific, Europe, North America, and the Rest of the World)
    • To segment and forecast the market based on vehicle type (passenger cars and commercial vehicles)
    • To segment and forecast the market based on application (ADAS and safety; electrical, electronics, and body controls; chassis; connectivity services; interior, exterior, and body engineering; powertrain and exhaust; simulation; battery development & management; charger testing; motor controls; and others [portfolio management, acoustic engineering, energy consulting, quality management, and product lifecycle])
    • To segment and forecast the market based on location (in-house and outsource
    • To segment and forecast the market based on service type (concept/research, designing, prototyping, system integration, and testing)
    • To segment and forecast the market based on propulsion (ICE and electric)
    • To segment and forecast the market based on nature type (body leasing and turnkey)
  • To analyze the technological developments impacting the automotive engineering services market
  • To analyze opportunities for stakeholders and the competitive landscape for market leaders
  • To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze markets with respect to individual growth trends, prospects, and contributions to the total market
  • To study the following with respect to the market
    • Value Chain Analysis
    • Ecosystem
    • Porter’s Five Forces Analysis
    • Technology Analysis
    • Case Study Analysis
    • Patent Analysis
    • Buying Criteria
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as deals (joint ventures, mergers & acquisitions, partnerships, collaborations), new product developments, and other activities carried out by key industry participants

Available Customizations

Along with the market data, MarketsandMarkets offers customizations in line with a company’s specific needs.

  • Automotive engineering services market, by vehicle type at country-level (for countries covered in the report)
  • Automotive engineering services market, by application at country-level (for countries covered in the report)

Company Information:

  • Profiling of additional market players (Up to 5)
Report Code
AT 7228
Published ON
Jan, 2023
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