by The automotive engineering services market size is predicted to surpass US$ 360.22 billion by 2030 from US$ 184.51 billion in 2022 with a growing CAGR of 8.7% from 2022 to 2030.
The automotive engineering services market is expected to be driven by the growing technological skills for engineering service providers to offer research and development and product innovation in their solutions for connected automobiles, vehicle positioning, and guidance systems. In addition, the automotive engineering services market’s overall growth is likely to benefit from original equipment manufacturers rapid shift in preference for digital solutions over mechanical and core assistance.
However, due to the depth and complexity of the powertrain, transmission, and engine designs, manufacturers prefer to design these components in-house rather than outsourcing them to engineering services providers.
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Furthermore, growing problems about the exposure of intellectual property and design are prompting original equipment manufacturers to establish their own manufacturing facilities. As a result, the automotive engineering services market’s growth is expected to be hampered by manufacturers’ increasing focus on producing in-house design.
Report Highlights
- Based on the service, the prototyping segment is the fastest growing segment in the global automotive engineering services market. The shorter manufacturing timeframes and reduced production costs are achieved by prototype approaches, as are easier product innovation and supply chain transformation as well as cleaner, safer, and lighter part designs.
- Europe is the largest segment for automotive engineering services market in terms of region. Europe is home to one of the world’s greatest automotive manufacturing centers, and automobile manufacturers are an important part of the European economy. The government is providing subsidies and pushing the availability of energy efficient automobiles, which has resulted in an increase in demand for electric vehicles.
- Asia-Pacific region is the fastest growing region in the automotive engineering services market. Many governments in the region intend to replace their present public fleets with electric vehicles. The rapid expansion of the logistics sector is also boosting demand for commercial electric automobiles, which in turn is driving up demand for automotive engineering services.
Report Scope of the Automotive Engineering Services Market
| Report Coverage | Details |
| Market Size by 2030 | USD 360.22 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 8.7% |
| Base Year | 2021 |
| Largest Market | Europe |
| Fastest Growing Market | Asia Pacific |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Location, Service, Application, Nature, Vehicle, Geography |
| Companies Mentioned | Tech Mahindra Limited, L&T Technology Services, IAV Automotive Engineering, HCL Technologies, Harman International Industries Inc., AltenCresttek Company, Akka Technologies, Fev Europe GmbH, Capgemini SE, Bertrandt AG |
Market Dynamics
Drivers: Standardization of safety features
Several governments around the world have mandated safety features in new vehicles to reduce over speeding and fatal accidents. The advanced safety features include advanced emergency braking, emergency lane-keeping systems, and enhanced crash tests. All of these requirements are critical to overall road safety. To improve passenger safety, automakers must comply with the new regulations. In the coming years, all of these mandates will have a significant impact on vehicle safety. The original equipment manufacturers’ initiatives to implement these features early will result in a high demand for engineering service providers to provide these solutions.
Restraints
Security threats
The automotive engineering services play a significant role in vehicle advanced driver-assistance system technologies. The majority of advanced driver-assistance systems safety features include sensors like radar, ultrasonic sensors, cameras, infrared, and various actuators. The precise of fail-safe techniques could put occupant safety at danger. Thus, the security is very important for the occupant. Hence, this factor could hamper the growth of the global automotive engineering services market during the forecast period.
Opportunities
Rising sales of electric vehicles
The global e-vehicle industry is rapidly expanding. Electric vehicles, like any transformative disruptive technology, activate lots of new influential economic development, challenges, and opportunities. The global electric vehicle sales are being driven by increasing vehicle range increased charging infrastructure availability and proactive participation by automotive original equipment manufacturers. Furthermore, the growing sensitivity of various governments toward a cleaner environment has increased demand for zero-emission vehicles, which is supporting the growth of the electric vehicle market. The developed countries are actively promoting the use of electric vehicles to reduce emissions, which has resulted in increased sales of electric vehicles. As a result, the rising sales of electric vehicles are creating lucrative opportunities for the growth of the automotive engineering services market.
Challenges
Intellectual property rights
The outsourcing is now widely used by original equipment manufacturers and system integrators in the automotive industry. A typical engineering service begins with research and progresses through design and testing phases before reaching the final stage of production. In some cases, the original equipment manufacturer owns the intellectual property of new technology or processes developed throughout the process. However, service providers may be working with multiple original equipment manufacturers for similar requirements or specifications, with the limitation of using existing technology patented by various original equipment manufacturers. As a result, service providers must exercise extreme caution when it comes to intellectual property infringement laws. Intellectual property laws prohibit service providers from repeatedly using the same technology, which may limit the use of their engineering service technology.
Some of the prominent players in the global automotive engineering services market include:
- Tech Mahindra Limited
- L&T Technology Services
- IAV Automotive Engineering
- HCL Technologies
- Harman International Industries Inc.
- AltenCresttek Company
- Akka Technologies
- Fev Europe GmbH
- Capgemini SE
- Bertrandt AG
Segments Covered in the Report
By Location
- In-House
- Outsource
By Service
- Designing
- Prototyping
- System Integration
- Testing
- Others
By Application
- Autonomous Driving
- Body & Chassis
- Powertrain & After-treatment
- Infotainment & Connectivity
- Simulation
- Battery Development & Management
- Charger Testing
- Motor Control
- Others
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Nature
- Body-Leasing
- Turn-Key
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Table of Content:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Engineering Services Market
5.1. COVID-19 Landscape: Automotive Engineering Services Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Engineering Services Market, By Vehicle Type
8.1. Automotive Engineering Services Market, by Vehicle Type, 2022-2030
8.1.1. Passenger Cars
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Commercial Vehicles
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Engineering Services Market, By Location Type
9.1. Automotive Engineering Services Market, by Location Type, 2022-2030
9.1.1. On-shore
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Off-shore
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Automotive Engineering Services Market, By Service Type
10.1. Automotive Engineering Services Market, By Service Type, 2022-2030
10.1.1. Designing
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Prototyping
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. System Integration
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Testing
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Automotive Engineering Services Market, By Application Type
11.1. Automotive Engineering Services Market, by Application Type, 2022-2030
11.1.1. Autonomous Driving
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Body & Chassis
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Powertrain & After-treatment
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Infotainment & Connectivity
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Automotive Engineering Services Market, By Nature Type
12.1. Automotive Engineering Services Market, by Nature, 2022-2030
12.1.1. Body-Leasing
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Turn-Key
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Automotive Engineering Services Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.1.2. Market Revenue and Forecast, by Location (2017-2030)
13.1.3. Market Revenue and Forecast, by Service (2017-2030)
13.1.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.5. Market Revenue and Forecast, by Nature (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Location (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Service (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.7. Market Revenue and Forecast, by Nature (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Location (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Service (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Nature (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.2. Market Revenue and Forecast, by Location (2017-2030)
13.2.3. Market Revenue and Forecast, by Service (2017-2030)
13.2.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.5. Market Revenue and Forecast, by Nature (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Location (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Service (2017-2030)
13.2.7. Market Revenue and Forecast, by Application (2017-2030)
13.2.8. Market Revenue and Forecast, by Nature (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Location (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Service (2017-2030)
13.2.10. Market Revenue and Forecast, by Application (2017-2030)
13.2.11. Market Revenue and Forecast, by Nature (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Location (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Service (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.13. Market Revenue and Forecast, by Nature (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Location (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Service (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.15. Market Revenue and Forecast, by Nature (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.2. Market Revenue and Forecast, by Location (2017-2030)
13.3.3. Market Revenue and Forecast, by Service (2017-2030)
13.3.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.5. Market Revenue and Forecast, by Nature (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Location (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Service (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.7. Market Revenue and Forecast, by Nature (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Location (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Service (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.9. Market Revenue and Forecast, by Nature (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Location (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Service (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Nature (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Location (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Service (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Nature (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.2. Market Revenue and Forecast, by Location (2017-2030)
13.4.3. Market Revenue and Forecast, by Service (2017-2030)
13.4.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.5. Market Revenue and Forecast, by Nature (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Location (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Service (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.7. Market Revenue and Forecast, by Nature (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Location (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Service (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.9. Market Revenue and Forecast, by Nature (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Location (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Service (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Nature (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Location (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Service (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Nature (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.5.2. Market Revenue and Forecast, by Location (2017-2030)
13.5.3. Market Revenue and Forecast, by Service (2017-2030)
13.5.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.5. Market Revenue and Forecast, by Nature (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Location (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Service (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.7. Market Revenue and Forecast, by Nature (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Vehicle (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Location (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Service (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Nature (2017-2030)
Chapter 14. Company Profiles
14.1. Tech Mahindra Limited
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. L&T Technology Services
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. IAV Automotive Engineering
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. HCL Technologies
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Harman International Industries Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. AltenCresttek Company
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Akka Technologies
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Fev Europe GmbH
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Capgemini SE
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Bertrandt AG
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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