Automotive Engineering Services - Global Strategic Business Report

The global market for Automotive Engineering Services is estimated at US$202.5 Billion in 2023 and is projected to reach US$349.3 Billion by 2030, growing at a CAGR of 8.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the automotive engineering services market is driven by several factors. Firstly, the accelerating development and adoption of electric vehicles (EVs) and autonomous vehicles (AVs) are major drivers, necessitating advanced engineering expertise. Secondly, the continuous innovation in ADAS and vehicle safety technologies is boosting the demand for specialized engineering services. Thirdly, regulatory pressures to reduce emissions and enhance vehicle safety are encouraging automakers to seek external engineering support.

Additionally, the rise of connected vehicles and the integration of IoT technologies are creating new opportunities for engineering services. Furthermore, the increasing complexity of automotive systems and the need for rapid prototyping and testing are driving the demand for comprehensive engineering solutions. Lastly, the trend towards digitalization and the use of simulation and virtual testing tools are enhancing the capabilities and efficiency of automotive engineering services.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the In-House Services segment, which is expected to reach US$230.4 Billion by 2030 with a CAGR of a 8.4%. The Outsourced Services segment is also set to grow at 7.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $27.3 Billion in 2023, and China, forecasted to grow at an impressive 10.6% CAGR to reach $67.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Automotive Engineering Services Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Engineering Services Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Automotive Engineering Services Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as AKKA Technologies, ALTEN Group, AVL List GmbH, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 106 Featured):

• AKKA Technologies
• ALTEN Group
• AVL List GmbH
• Bertrandt AG
• Continental AG
• EDAG Engineering Group AG
• ESI Group
• FEV Europe GmbH
• HARMAN International
• HCL Technologies Limited
• IAV Automotive Engineering Inc.
• Kistler Group
• L&T Technology Services Limited
• Onward Technologies Ltd.
• Ricardo PLC
• Semcon
• SOLIZE Corporation
• Tech Mahindra Limited
• T-NET JAPAN Co., Ltd.
• Valmet Automotive