Automotive Engineering Service Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Automotive Engineering Service Market is projected to grow at a CAGR of 8% from USD 153.3 billion in 2021 to USD 253.9 billion by 2027.

Automotive Engineering Services means engineering solutions for various parts of a vehicle, including mechanical, safety, software, electrical and electronic engineering services, and vehicle design solutions for land, aeronautical and marine applications. These engineering solutions are used to optimize manufacturing processes to improve a company’s operating cycle without compromising the quality of its vehicles.

Market Segments

Based on the vehicle type:

• Passenger cars
• Commercial vehicles

Based on the service type:

• Concept/Research
• Designing
• Prototyping
• System Integration
• Testing

Based on the application:

• ADAS and Safety
• Electrical, Electronics, and Body Controls
• Chassis
• Connectivity Services
• Interior, Exterior, and Body Engineering
• Powertrain and Exhaust
• Simulation
• Battery Development & Management
• Charger Testing

Key Players

The key players profiled in the global automotive engineering services market are Altran Technologies (France), Akka Technologies (France), Bertrandt AG (Germany), EDAG Engineering GmbH (Germany), IAV GmbH (Germany), HCL Technologies Limited (India), Alten Cresttek (U.S.), L&T Technology Services Limited (India), and FEV Group GmbH (Germany), among others.

Scope of the Report

The research study analyzes the global Automotive Engineering Service industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Engineering Service Market Report

1. What was the Automotive Engineering Service Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Automotive Engineering Service Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Engineering Service Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.