Automotive Engineering Services Market, By Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)
Automotive Engineering Services Market Overview
The Global Automotive Engineering Services market is anticipated to reach USD 153.4 billion in 2021 growing at a CAGR of 8.8% during the forecasting period, 2021-2028.
Automotive engineering deals with the design, manufacturing, and operation of automobiles, motorcycles, and other vehicles. It also includes modifications of the vehicles. It incorporates multiple aspects like ensuring safety engineering, increasing fuel efficiency, increasing durability. Services in this sector include not just designing but also the testing of the multiple systems being developed.
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A surge in demand for the luxury-class vehicle along with increased demand for connectivity solutions is one of the factors that have supported long-term expansion for the Automotive Engineering Services industry.
Key Findings
The Global Automotive Engineering Services market is segmented into Application, Service, Location, and geography.
Application segment is segmented into ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, and Simulation
Geographically, the global Automotive Engineering Services market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa and South America, and insights are provided for each region and major countries within the regions
Automotive Engineering Services Market Competitive Landscape
Key players
· Capgemini (France)
· IAV Automotive Engineering (Germany)
· Tech Mahindra (India)
· AKKA Technologies (Belgium)
· Bertrandt AG (Germany)
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Reasons to Acquire in the Automotive Engineering Services Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
- Gain authentic and granular data access for the Automotive Engineering Services market to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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