What is the global market size of Automotive Engineering Services Market?

Global Automotive Engineering Services Market was valued at USD 153.4 billion in 2021, and it is expected to reach a market size of USD 260.32 billion by 2028, at a CAGR of 8.9% over the forecast period (2022-2028). Read More

What is the key driver of Global Automotive Engineering Services Market?

The development of the next generation of connected vehicles has attracted significant investment from automotive OEMs and Tier 1 partners. In high-end sedans and SUVs, IoT gadgets, ultrasonic sensors, and high-definition cameras are typical. These various components combine to form an ecosystem that can communicate with the outside world and share data to improve the in-car experience. An onboard computer processes the data to offer numerous functions including seamless navigation and individualized infotainment systems. To schedule maintenance and examine the status and health of the vehicle, the data can also be utilized to predict engine issues. Read More

What is the key market trend for Global Automotive Engineering Services Market?

Driverless vehicles that can drive themselves by sensing their environment are known as autonomous vehicles. To react to external situations and adjust their driving, autonomous vehicles require cutting-edge automotive engineering services. These cars aid in enhancing traffic safety and decreasing vehicle collisions brought on by human mistakes. Read More

Which region accounted for the largest share in Global Automotive Engineering Services Market?

Asia Pacific had the highest market share in 2021, due to a fast increase in the adoption of electric vehicles. The market is anticipated to expand as a result of the numerous government initiatives and strict restrictions to minimize carbon emissions in nations like Japan and South Korea. Throughout the projected period, the market in North America is anticipated to rise steadily. Some of the key reasons propelling the market's expansion include the rising sales of hybrid and plug-in hybrid electric vehicles and the rising demand for in-vehicle connectivity in passenger automobiles. Throughout the projection period, Europe is anticipated to have rapid market growth. Factors like the existence of large market competitors and growing concerns about carbon emissions in nations like Germany and France are anticipated to fuel market growth. Read More

Automotive Engineering Services Market Companies

Automotive Engineering Services Market Competitive Landscape

The key players in the automotive engineering services market are working on continuous innovation and product portfolios. Furthermore, the growing relevance of IoT, fueled by the expanding therapeutic applications of these services, is expected to drive the growth of Automotive Engineering Services during the forecast period. For instance, in July 2020, Audi announced a partnership with Huawei, the top producer of smartphones and telecommunications equipment in China, to integrate connection technology into upcoming cars.

Top Players in Automotive Engineering Services Market

Capgemini
IAV Automotive Engineering
Bertrandt AG
AVL List GmbH
AKKA Technologies SE
Tata Technologies Ltd.
Alten SA
AVL Deutschland GmbH
Ricardo plc
FEV Group GmbH
EDAG Engineering GmbH
Assystem Technologies
Ricardo Software
Altran Technologies SA
Harman International Industries, Inc.
L&T Technology Services Limited
Magna International Inc.
Kistler Instrumente AG
Siemens AG
Ricardo Certification

Recent Development in Global Automotive Engineering Services Market

In May 2022, Adler Pelzer Group (APG) signed a Memorandum of Understanding with the Government of Taixing City where it plans to manufacture parts for its customers using its latest technologies of composite material for interior and exterior hard trims.
In February 2021, Schaeffler Group announced that starting from 2024, it will create a hybrid electric vehicle drive unit with two electric motors, a transmission, and built-in power electronics. High performance with minimal fuel usage is possible with a system power rating of 120 kW. The latest order for dedicated hybrid drives is consistent with this.

FAQs

Automotive Engineering Services Market size was valued at USD 135.09 Billion in 2024 and is poised to grow from USD 149.54 Billion in 2025 to USD USD 337.25 Billion by 2033, growing at a CAGR of 10.7% during the forecast period (2026–2033).

The competitive landscape of the global automotive engineering services market is marked by the presence of several key players focusing on innovation, technological advancements, and market expansion. Tata Elxsi, Altran, Capgemini, AVL List GmbH, Ricardo are some of the established companies which are engaged in providing engineering services encompassing design; prototyping; system integration; and testing. The companies are increasingly channelizing their R&D, and strategic partnerships and acquisitions to make market penetration towards meeting the demand for sophisticated automotive solutions. 'Capgemini (France) ', 'AKKA Technologies (France) ', 'Tech Mahindra (India) ', 'IAV Automotive Engineering (Germany) ', 'HCL Technologies (India) ', 'Ricardo (UK) ', 'AVL (Austria) ', 'Bertrandt AG (Germany) ', 'Alten Group (France) ', 'L&T Technology Services (India) ', 'FEV (Germany) ', 'Imaginative Automotive Engineering Services (India) ', 'Onward Technologies (India) ', 'Automotive Engineering Services (AES) (India) ', 'Kistler (Switzerland) ', 'Continental Engineering Services (Germany) ', 'EDAG (Germany) ', 'ESI Group (France) ', 'Semcon (Sweden) ', 'Segula Technologies (France) ', 'Epam Systems (US) ', 'Belcan (US) ', 'T-Net Japan (Japan) ', 'Designtech Systems (India) ', 'Horiba (Japan) ', 'Intertek (UK) ', 'Altair Engineering (US) ', 'ARRK Product Development Group (Japan)'

Shift Towards Electrification and Sustainability: Due to the increased importance of electric vehicles (EVs) and sustainability, the global automotive engineering services market trend is experiencing continued growth. Automotive firms are investing in the development of modern battery systems, efficient powertrains, and environmental-friendly designs for the automobile to meet environmental regulations and consumer preferences toward greener solutions for mobility.

Asia-Pacific dominates the global automotive engineering services market due to its robust automotive manufacturing base, technological advancements, and increasing investments in electric and autonomous vehicles. In such countries as China, Japan, or South Korea, outstanding innovation drives change in vehicle designs, safety systems, and electrification. Even large consumer markets and government support for adopting electric vehicles in that region underscore the gradual shift toward sustainable, automated living. The Asia-Pacific region comprises a very strong supply chain network and cost-effective productions, which have made the region an automotive engineering service hub. This enabled the region to lead globally in both volume and technological innovation.

Automotive Engineering Services Market

Report ID: SQSG45B2017

Top Automotive Engineering Services Companies

Automotive Engineering Services Market Competitive Landscape

FAQs

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Top Automotive Engineering Services Companies

Automotive Engineering Services Market Competitive Landscape

FAQs

What is the global market size of Automotive Engineering Services Market?

Who are the key vendors in the Automotive Engineering Services Market?

What is the key driver of Automotive Engineering Services Market?

What is the key market trend for Automotive Engineering Services Market?

Which region accounted for the largest share in Automotive Engineering Services Market?

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