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Automotive Engineering Services Market Trends, Growth and Forecast By 2029.

Submitted by Simran4you on Tue, 06/13/2023 - 03:41

Data Bridge Market Research has unveiled a new report called "Automotive Engineering Services Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. The Automotive Engineering Services marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.

automotive engineering services market is expected to reach USD 444.33 billion by 2028 and witnessing market growth at a rate of 12.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on global automotive engineering services market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.

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Market Definition:

This automotive engineering services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research global automotive engineering services market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The major players covered in the automotive engineering services market report are HARMAN International, Capgemini, AVL, Bertrandt, ALTEN, Valmet Automotive, L&T Technology Services Limited, FEV Europe GmbH, AKKA, HCL Technologies Limited, IAV, ALTRAN, Ricardo, Tech Mahindra Limited, Onward Technologies Ltd., T-NET JAPAN Co., Ltd., Kistler Group, Continental AG, EDAG Engineering GmbH, ESI Group, Semcon, GlobalLogic, EPAM Systems, Inc., Belcan and Robert Bosch GmbH among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Automotive Engineering Services Market Scope and Market Size

Automotive engineering services market is segmented on the service type, application, location, vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

The automotive engineering services market on the basis of service type has been segmented into concept/research, designing, prototyping, system integration, and testing.
Based on application, global automotive engineering services market has been segmented into ADAS & safety, electrical, electronics & body controls, chassis, connectivity services, interior, exterior & body engineering, powertrain & exhaust, simulation and others. Connectivity services is estimated to grow with the highest growth rate during the forecast period due to rising of technological solutions such as 5G connectivity increasing demand for connectivity services. This connectivity services helps in parking assistance features and vehicle diagnostics.
Based on location, global automotive engineering services market has been segmented into in-house and outsource. In-house is leading the market and is expected to lead the market in forecast period. The reason for the growth of the in-house segment is the key OEMs preferring to design and develop complex automotive engineering solutions such as powertrain design, thermal design, comfort assistance and others in-house.
Based on vehicle type, global automotive engineering services market has been segmented into passenger car (PC) and commercial vehicle (CV). Passenger car and commercial vehicle are further bifurcated into internal combustion engine (ICE) and electric vehicle (EV).

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Automotive Engineering Services Market Country Level Analysis

Automotive engineering services market is analysed and market size, volume information is provided by country, service type, application, location, vehicle type as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

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