This Automotive Engineering Services market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Automotive Engineering Services market.
Automotive Engineering Services: Market Introduction & Market Dynamics
Automotive engineering services incorporates servicing and diagnostic of electrical, mechanical, electronics, and software systems of a vehicle. Automotive engineering services provider develop, design, fabricate, & test component of a vehicle or the whole from the concept phase to use phase. It could either be outsourced by the manufacturers or done by themselves called in-house automotive engineering services.
The demand for advanced and autonomous connectivity features is influencing innovation intensely for the automotive engineering services, in turn, changing the face of automotive industry. To be in line with the increasing demand for connectivity, vehicle manufacturers are developing and acquiring new expertise in vehicle software and electronic services, thereby, venturing into automotive engineering services field.
In the global automotive engineering services market, telematics is considered to be the prominent growing trend owing to the expansion of vehicle testing, connected cars, and integration of AI (Artificial Intelligence), which has increased the demand for automotive engineering services. Smart infotainment, parking assist services, and vehicle diagnostic services enable more than partial control of a vehicle. Therefore, over the forecast period, the connectivity services is expected to gain significant traction in the global automotive engineering services market. Also, day by day the number of tier-1 OEMs offering automotive engineering services is expanding. For instance, in 2018, Huawei Technologies Co., Ltd. and AUDI AG entered into a partnership to develop connectivity features for vehicles. In the first quarter of 2019, the Renault-Nissan-Mitsubishi coalition announced the launch of Alliance Intelligent Cloud that will offer connectivity services to the vehicles manufactured by MITSUBISHI MOTORS CORPORATION, Nissan Motor Corporation, and Groupe Renault. This, in turn, is stipulated to accentuate the need of automotive engineering services during the projected period.
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The swelling consumer demand for enhanced and reduced emission vehicle is expected to compel the vehicle manufacturers to redesign the exhaust powertrain system. Also, the vision of European countries to reduce the level of emission to three-fourth of the current situation is anticipated to boost the overall demand for electric powertrain. Henceforth, expanding the production of electric vehicles in the region, thereby, fueling the revenue share of automotive engineering services in Europe. On the country level, Germany is the foundation of automotive industry and hub of the tier-1 players of automotive engineering services market, and the ongoing collaboration between engineering service providers and vehicle manufacturers is predicted to place the country on top, in terms of growth, in the global automotive engineering services market. Similar inclination towards adoption of technically enhanced products in Americas is stipulated have significant impact on the automotive engineering services market.
Automotive Engineering Services: Market Key Players
Some of the major participants operating in the global automotive engineering services market include the following players:
- FEV Group GmbH
- IAV
- Ricardo
- AVL
- ALTEN Group
- Bertrandt
- ALTRAN
- L&T Technology Services Limited
The research report presents a comprehensive assessment of the Automotive Engineering Services market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, application, and industry.
The Automotive Engineering Services report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges in the market
- Competition & Companies involved in the market
- Automotive Engineering Services Technology
- Value Chain of the Automotive Engineering Services market
The Automotive Engineering Services regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Automotive Engineering Services report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Engineering Services Report Highlights:
- Detailed overview of parent market of the market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in Automotive Engineering Services
- Automotive Engineering Services market competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Automotive Engineering Services: Market Segmentation
The automotive engineering services market can be segmented on the basis of technology, and platooning type
On the basis of service, the global automotive engineering services market can be segmented into the following,
- Testing & Diagnostic
- System Integration
- Designing
- Prototyping
- Research
On the basis of application, the global automotive engineering services market can be segmented into the following,
- ADAS & Safety
- Body & Chassis
- Powertrain and Exhaust
- Interior, Exterior, and Body Engineering
- Electrical, Electronics and Body Controls
- Connectivity Services
- Simulation
On the basis of location, the global automotive engineering services market can be segmented into the following,
- Outsourced Automotive Engineering Services
- In-house Automotive Engineering Services
On the basis of vehicle type, the global automotive engineering services market can be segmented into the following,
- Passenger Cars
- Compact Cars
- Mid-Sized Cars
- SUVs
- Luxury Cars
- Commercial Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Automotive Engineering Services Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Automotive Engineering Services Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Automotive Engineering Services Market report?
In addition to up-to-date market figures and customized of the Automotive Engineering Services Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.