Automotive Engineering Services Market, By Vehicle Type, By Service Type, By Location Type, By Application, By Geography

Description

Global Automotive Engineering Services Market is estimated to be valued at USD 270.21 Bn in 2024 and is expected to reach USD 450.44 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 270.21 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.60%	2031 Value Projection:	US$ 450.44 Bn

Figure. Automotive Engineering Services Market Share (%), By Region 2024

Automotive Engineering Services Market - IMG1

The automotive engineering services market refers to engineering design, testing, and validation services provided to automotive original equipment manufacturers (OEMs) and component suppliers. These services help automotive companies design innovative and efficient vehicle models that meet various regulatory requirements. Factors such as declining product development lifecycles, need for advanced vehicle technologies, and stringent emission & safety norms have prompted automakers to outsource engineering tasks to specialist service providers. This has significantly boosted the demand for automotive engineering services globally.

Market Dynamics

The global automotive engineering services market is driven by the need for cost reduction and access to advanced engineering capabilities. Original equipment manufacturers (OEMs) are outsourcing non-core engineering operations to automotive engineering service providers to optimize costs and focus on their core competencies. Additionally, stringent government regulations regarding vehicle emissions and safety are compelling automakers to design future-ready vehicles, thereby propelling the need for engineering services. However, the market growth can be restricted due to concerns around data security and IP protection. On the positive side, increasing demand for electric and autonomous vehicles present lucrative opportunities for engineering service providers to assist OEMs in developing advanced automotive technologies.

Key features of the study:

This report provides in-depth analysis of the global automotive engineering services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global automotive engineering services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Capgemini SE, IAV GmbH, Tech Mahindra Ltd, AKKA Technologies Group, Harman International Industries Inc, ALTEN, and Cresttek Engineering Solutions Pvt Ltd.

Fev Europe GmbH, EDAG Engineering GmbH, Continental AG, Altair Engineering Inc, Tata Technologies Ltd,

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global automotive engineering services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive engineering services market.

Market Segmentation

Vehicle Type Insights (Revenue, USD Bn, 2019 - 2031)
- Passenger Cars
- Commercial Vehicles
Service Type Insights (Revenue, USD Bn, 2019 - 2031)
- Prototyping
- Designing
- System Integration
- Testing
Location Type Insights (Revenue, USD Bn, 2019 - 2031)
- Off-shore
- On-shore
Application Insights (Revenue, USD Bn, 2019 - 2031)
- ADAS
- Safety Chassis
- Connectivity Services
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Capgemini SE
- IAV GmbH
- Tech Mahindra Ltd
- AKKA Technologies Group
- Harman International Industries Inc
- ALTEN Cresttek Engineering Solutions Pvt Ltd
- Fev Europe GmbH
- EDAG Engineering GmbH
- Continental AG
- Altair Engineering Inc
- Tata Technologies Ltd

Product Code: CMI7583

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Automotive Engineering Services Market, By Vehicle Type
- Automotive Engineering Services Market, By Service Type
- Automotive Engineering Services Market, By Location Type
- Automotive Engineering Services Market, By Application
- Automotive Engineering Services Market, By Region

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends

4. Automotive Engineering Services Market, By Vehicle Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Passenger Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Automotive Engineering Services Market, By Service Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Prototyping
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Designing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
System Integration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Automotive Engineering Services Market, By Location Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Off-shore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
On-shore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Automotive Engineering Services Market, By Application, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
ADAS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Safety Chassis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Connectivity Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Automotive Engineering Services Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Service Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Location Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Service Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Location Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Service Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Location Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Service Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Location Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Service Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Location Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Vehicle Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Service Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Location Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
South Africa
North Africa
Central Africa

9. Competitive Landscape

Capgemini SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
IAV GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Tech Mahindra Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AKKA Technologies Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Harman International Industries Inc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ALTEN Cresttek Engineering Solutions Pvt Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Fev Europe GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
EDAG Engineering GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Continental AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Altair Engineering Inc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Tata Technologies Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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