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Automotive Engineering Services - Global Strategic Business Report

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    Report

  • 549 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302446
The global market for Automotive Engineering Services is estimated at US$197.1 Billion in 2023 and is projected to reach US$339.8 Billion by 2030, growing at a CAGR of 7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the In-House Automotive Engineering Services segment, which is expected to reach US$223.9 Billion by 2030 with a CAGR of 7.3%. The Outsourced Automotive Engineering Services segment is also set to grow at 6.5% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $27.3 Billion in 2023, and China, forecasted to grow at an impressive 9.3% 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

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Automotive Engineering Services Market: A Prelude
  • Competition
  • Automotive Engineering Services - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Recent Market Activity
  • WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Engineering Services Grow in Demand with EV Production on a Fast Track as Countries Vie to Become Carbon Negative
  • World Electric Vehicles (EVs) Annual Sales in ‘000 Units for Years 2020 through 2027
  • More Number of People Are Aware About the Benefits EVs Bring to the Table: % Global Consumers Preferring to Buy EVs (Fully Electric/Plug-in/Hybrid) for the Years 2020, 2021 and 2022
  • Transportation Sector Emissions Breakdown by Type as of the Year 2023
  • Autonomous Cars: A Landmine of Growth Opportunity for Automotive Engineering Services
  • World Autonomous Vehicles Market Analysis of Annual Sales in ‘000 Units for Years 2020 through 2027
  • Levels of Automation
  • Global Autonomous Vehicle Sales Distribution by Level Typefor Years 2020, 2025 & 2030
  • Increasing Demand for Advanced Connectivity Solutions Pushes the Need for Engineering Services
  • Global Connected Cars Market (In US$ Billion) for the Years 2021, 2023 and 2025
  • % of New Vehicles with In-Built Connectivity for 2023 and 2030
  • Automotive Engineering Services for Tapping Connectivity
  • Rise in Integration of ADAS by OEMs into Latest Models Augers Well for Engineering Services Market
  • Global Advanced Driver Assistance System (ADAS) Market Size in US$ Billion for the Years 2021, 2023, 2025 & 2027
  • Select ADAS Technologies
  • Rise in Vehicle Electronification Drives Demand
  • With Advanced Technologies Making a Big Impact on Automotive Sector, Automotive Engineering Services Grow in Importance
  • Rising Industry Focus on Engineering of Light Weight Vehicles Pushes Demand for Advanced Engineering Capabilities
  • Breakdown of Automotive Material Mix: 2023
  • Industry Witnesses Continued Preference of OEMs toward Outsourcing Services for Cost Savings
  • Engineering Services Gain as Automaker Strengthen R&D Spending
  • Automotive R&D Spending in US$ Billion for 2020, 2025, and 2030
  • Automotive R&D Spending Breakdown by Segment : 2025
  • R&D Focus Shifts from Hardware to Software Engineering
  • Upside Potential of Vehicle Testing for Automotive Engineering Services
  • Powertrain Engineering Services Gain Significance
  • What Kind of an Automobile is on the Radar of Consumers Wanting to Own One: Powertrain Preference of Consumers (In %) as of the Year 2023
  • Emissions & Vehicle Safety Regulations Rev Up Automotive Engineering Services Market
  • Safety Regulations Step-Up the Pressure on Software
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Automotive Engineering Services Market Analysis of Annual Sales in US$ Million for Years 2017 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Automotive Engineering Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Automotive Engineering Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 4: World 13-Year Perspective for Automotive Engineering Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2017, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for In-House by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for In-House by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 7: World 13-Year Perspective for In-House by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Outsource by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Outsource by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 10: World 13-Year Perspective for Outsource by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Electrical, Electronics & Body Controls by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Electrical, Electronics & Body Controls by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 13: World 13-Year Perspective for Electrical, Electronics & Body Controls by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for ADAS & Safety by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for ADAS & Safety by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 16: World 13-Year Perspective for ADAS & Safety by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Chassis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Chassis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 19: World 13-Year Perspective for Chassis by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Connectivity Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Connectivity Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 22: World 13-Year Perspective for Connectivity Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 25: World 13-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 28: World 13-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2022 and % CAGR
  • Table 31: World 13-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2017, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
EUROPE
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
INDIA
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICA
  • Automotive Engineering Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information