Global Automotive Engineering Services Market

Automotive Engineering Services Market Size, Share, Growth Analysis, By Location(In-House, Outsource), By Service Type(Concept/Research, Designing, Prototyping, System Integration), By Application(ADAS and Safety, Electrical, Electronics, and Body Controls), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Nature Type(Body Leasing, Turnkey), By Propulsion(Internal Combustion Engine, Electric), By Region - Industry Forecast 2025-2032


Report ID: SQSG45B2017 | Region: Global | Published Date: November, 2024
Pages: 265 | Tables: 71 | Figures: 75

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Automotive Engineering Services Market size was valued at USD 164.62 Billion in 2023 and is poised to grow from USD 178.28 Billion in 2024 to USD 337.39 Billion by 2032, growing at a CAGR of 8.30% during the forecast period (2025-2032).

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. 

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Global Automotive Engineering Services Market

Report ID: SQSG45B2017

$5,300
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