Automotive Engineering Services
Publication Date
February 2024
USD 186.20 billion
USD 366.80 billion
USD 202.61 billion
Automotive Engineering Services Market by Service Type (Concept or Research, Designing, Prototyping), Location (In-House, Outsource), Vehicle Type, Engine Type, Application - Global Forecast 2024-2030

[197 Pages Report] The Automotive Engineering Services Market size was estimated at USD 186.20 billion in 2023 and expected to reach USD 202.61 billion in 2024, at a CAGR 10.16% to reach USD 366.80 billion by 2030.

Automotive Engineering Services Market
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Automotive engineering service providers offer services such as research, designing, prototyping, system integration, and testing, among others, to various global OEMs and automotive component manufacturers. Automotive engineering services help enterprises develop high-quality and technologically advanced autonomous and connected electric vehicles. The surge in demand for autonomous vehicles and government regulations enforcing lower vehicle emissions are inclining the OEMs to employ automotive engineering services. However, the elevated costs of automotive engineering services may refrain OEMs from utilizing these services. The widespread deployment of 5G networks in the automotive sector for real-time vehicle-to-vehicle communication and significant investments to scale up the production of automobiles are expected to accelerate the use of automotive engineering services by OEMs.

Automotive Engineering Services Market - Global Forecast 2024-2030
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Regional Insights

The automotive manufacturers in the Americas, Europe, and Asia-Pacific region widely employ automotive engineering services to design and develop advanced automobiles and incorporate safety features in the vehicles. Technological advancements and changing government regulations related to automobiles are inclining the automotive manufacturers in Germany, the U.S., the U.K., Japan, South Korea, and China to employ these services to conduct research and develop the vehicles that comply with the standards proposed by the governments of the respective countries. Additionally, governments worldwide are taking initiatives to accelerate the production of electric cars to reduce their carbon footprint. The Electric Vehicles Initiative (EVI) is a multi-government policy forum dedicated to accelerating the introduction and adoption of electric vehicles worldwide. The growing demand and adoption of autonomous and electric vehicles worldwide create immense opportunities for automotive engineering service providers to design, fabricate and integrate innovative technologies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Engineering Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Engineering Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Jaguar Land Rover partners with Tata Technologies to accelerate the digital transformation of its industrial operations

    Jaguar Land Rover recently entered into a partnership with Tata Technologies to help accelerate its digital transformation journey. The venture is said to modernize Jaguar's engineering services, boost product development and deliver crucial automotive engineering capabilities. This solidifies an already strong relationship between the two powerful organizations, forging ahead in the industry to deliver more high-quality vehicles powered by the most innovative technology available on the market today. Being backed by such a formidable team is sure to catapult Jaguar Land Rover into becoming a leader of innovation in their field and shows that they are serious about their commitment to producing outstanding products for customers around the world. [Published On: 2023-03-14]

  • L&T Technology Services Unveils CoE to Offer Suite of Automotive Solutions on AWS

    LT Technology Services has recently unveiled its Center of Excellence (CoE) to present a suite of automotive solutions on AWS. This creates an opportunity for their clients to benefit from cutting-edge advancements in the field, such as rapid time-to-market, superior user experience, and cost optimization. With adopting cloud technology, users will have access to a more flexible architecture that offers scalability, compliance and security capabilities. Moreover, being compliant with industry certifications such as ISO 9001:2008 and CMMI Level 3 assurance helps bring greater stability between development operations. Not only is LT Technology Services offering better solutions than the competition, but they are also supporting their customers with best practices regarding cloud technology in order to help them achieve maximum return on their investments. [Published On: 2023-03-09]

  • Cognizant to acquire Mobica to enhance its IoT software engineering service offerings

    Cognizant has recently completed the acquisition of Mobica, a leading provider of Internet of Things (IoT) software engineering and development services for the automotive market. With this partnership, Cognizant will be able to benefit from Mobica's expertise in designing, testing, and implementing solutions that use advanced analytics and artificial intelligence. This will help them to provide even more effective solutions for their customers in the transportation sector. The combined capabilities should also allow them to execute much larger projects through less conventional approaches like SaaS and PaaS models. By merging their business practices, Cognizant will create an integrated platform for automotive engineers to access essential applications needed for product development, system design, and testing. This could help speed up processes related to product innovation and time-to-market through streamlined technology solutions. [Published On: 2023-01-24]

Key Company Profiles

The report delves into recent significant developments in the Automotive Engineering Services Market, highlighting leading vendors and their innovative profiles. These include 3E Rapid Prototyping Ltd, AKKA Technologies SE, Altair Engineering Inc., ALTEN Group, ASM Technologies Limited, Aurora Innovation Inc., AVL List GmbH, Belcan, LLC, Bertrandt AG, BOLAB Systems GmbH, Capgemini SE, Continental AG, DEKRA SE, DesignTech Systems Pvt. Ltd., Ecolab, EDAG Engineering Group AG, FEV Group GmbH, Fidelis Engineering Associates, Gantner Instruments GmbH, GlobalLogic Inc. by Hitachi, Ltd., Grune Technica, Inc., Harman International Industries, Incorporated by Samsung Electronics Co., Ltd., HCL Technologies Limited, Horiba, Ltd., IAV GmbH Ingenieurgesellschaft Auto und Verkehr, Intertek Group PLC, Larsen & Toubro Limited, LeddarTech Inc., Lucid Group, Inc., N-iX Ltd., Oliver Wyman, LLC, Onward Technologies Limited, P3 group GmbH, Pilot Systems International, Proterra Inc., ProtoCAM, RA Global Tech Solutions LLP, Ricardo PLC, Robert Bosch GmbH, Roush Enterprises, Inc., Sigma Thermal, System Controls Technology Solutions Pvt. Ltd., TAAL Tech India Private Limited, Tech Mahindra Limited, The Productivity Team, LLC, TÜV Rheinland AG, Valmet Automotive PLC, Waymo LLC, Wipro Limited, and Zendrive India Private Limited.

Market Segmentation & Coverage

This research report categorizes the Automotive Engineering Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Service Type
    • Concept or Research
    • Designing
    • Prototyping
    • System Integration
    • Testing
  • Location
    • In-House
    • Outsource
  • Vehicle Type
    • Commercial Vehicle
    • Passenger Car
  • Engine Type
    • Electric Vehicle
    • Internal Combustion Engine
  • Application
    • ADAS & Safety
    • Chassis
    • Connectivity Services
    • Electrical, Electronics & Body Controls
    • Interior, Exterior & Body Engineering
    • Powertrain & Exhaust
    • Simulation

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Automotive Engineering Services Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Engineering Services Market?
  3. What are the technology trends and regulatory frameworks in the Automotive Engineering Services Market?
  4. What is the market share of the leading vendors in the Automotive Engineering Services Market?
  5. Which modes and strategic moves are suitable for entering the Automotive Engineering Services Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Engineering Services Market, by Service Type
  7. Automotive Engineering Services Market, by Location
  8. Automotive Engineering Services Market, by Vehicle Type
  9. Automotive Engineering Services Market, by Engine Type
  10. Automotive Engineering Services Market, by Application
  11. Americas Automotive Engineering Services Market
  12. Asia-Pacific Automotive Engineering Services Market
  13. Europe, Middle East & Africa Automotive Engineering Services Market
  14. Competitive Landscape
  15. Competitive Portfolio
Companies Mentioned
  • 3E Rapid Prototyping Ltd
  • AKKA Technologies SE
  • Altair Engineering Inc.
  • ALTEN Group
  • ASM Technologies Limited
  • Aurora Innovation Inc.
  • AVL List GmbH
  • Belcan, LLC
  • Bertrandt AG
  • BOLAB Systems GmbH
  • Capgemini SE
  • Continental AG
  • DesignTech Systems Pvt. Ltd.
  • Ecolab
  • EDAG Engineering Group AG
  • FEV Group GmbH
  • Fidelis Engineering Associates
  • Gantner Instruments GmbH
  • GlobalLogic Inc. by Hitachi, Ltd.
  • Grune Technica, Inc.
  • Harman International Industries, Incorporated by Samsung Electronics Co., Ltd.
  • HCL Technologies Limited
  • Horiba, Ltd.
  • IAV GmbH Ingenieurgesellschaft Auto und Verkehr
  • Intertek Group PLC
  • Larsen & Toubro Limited
  • LeddarTech Inc.
  • Lucid Group, Inc.
  • N-iX Ltd.
  • Oliver Wyman, LLC
  • Onward Technologies Limited
  • P3 group GmbH
  • Pilot Systems International
  • Proterra Inc.
  • ProtoCAM
  • RA Global Tech Solutions LLP
  • Ricardo PLC
  • Robert Bosch GmbH
  • Roush Enterprises, Inc.
  • Sigma Thermal
  • System Controls Technology Solutions Pvt. Ltd.
  • TAAL Tech India Private Limited
  • Tech Mahindra Limited
  • The Productivity Team, LLC
  • TÜV Rheinland AG
  • Valmet Automotive PLC
  • Waymo LLC
  • Wipro Limited
  • Zendrive India Private Limited
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Frequently Asked Questions about the Automotive Engineering Services Market
The Global Automotive Engineering Services Market size was estimated at USD 186.20 billion in 2023 and expected to reach USD 202.61 billion in 2024.
The Global Automotive Engineering Services Market to grow USD 366.80 billion by 2030, at a CAGR of 10.16%
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