Product Code: PM3272
The global automotive engineering services market size is expected to reach USD 35,408.52 million by 2032, according to a new study by Polaris Market Research. The report "Automotive Engineering Services Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Passenger Cars and Commercial Cars), Application, Location, Service, Propulsion, Nature Type, and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The automotive engineering services market has experienced significant growth in recent years owing to the rapid evolution of automotive technologies, increasing consumer demands for advanced features, and the shift toward electric and autonomous vehicles. As manufacturers seek to stay competitive, they are investing heavily in engineering services that facilitate the development of innovative solutions. This includes services such as design, prototyping, testing, and regulatory compliance, all of which are essential for meeting stringent industry standards.
The demand for sustainable and energy-efficient vehicles is pushing automotive companies to adopt advanced engineering solutions. There is a corresponding increase in the need for specialized engineering services that focus on battery technology, energy management systems, and lightweight materials. These services enhance vehicle performance and also align with global environmental regulations, making them critical for manufacturers aiming to reduce their carbon footprint.
The growing complexity of automotive systems, driven by advancements in software and electronics, also contributes to the expanding market. Companies are increasingly reliant on external engineering expertise to navigate these complexities, leading to collaborations with specialized firms. This trend underscores the importance of automotive engineering services in fostering innovation and ensuring the successful transition toward next-generation vehicles, thereby positioning the market for continued growth in the coming years.
Automotive Engineering Services Market Report Highlights
Based on vehicle type, the commercial vehicles segment witnesses significant growth, fueled by rising demand for advanced vehicles, fleet management solutions, compliance with regulations, and innovative technologies for sustainability.
The market for the in-house segment, by location, is growing rapidly, driven by the increasing need for proprietary knowledge, control over innovation, and specialized teams for electric and autonomous vehicle development.
Asia Pacific led the global automotive engineering services market in 2023, owing to the rising vehicle production, investments in EV advancements, and supportive government policies promoting sustainable transportation.
A few global key market players are Capgemini, IAV, Bertrandt, L&T Technology Services Limited, FEV Group GmbH, Ricardo, Continental AG, EDAG Group, Semcon, Tech Mahindra Limited, Wipro Limited, HCL Technologies Ltd. (HCLTech), and RLE International Group.
Polaris Market Research has segmented the automotive engineering services market report on the basis of vehicle type, application, location, service, propulsion, nature type, and region:
By Vehicle Type Outlook (Revenue - USD Million, 2019-2032)
- Passenger Cars
- Commercial Cars
By Application Outlook (Revenue - USD Million, 2019-2032)
- ADAS and Safety
- Electrical, Electronics, and Body Controls
- Chassis
- Connectivity Services
- Interior, Exterior, and Body Engineering
- Powertrain and Exhaust
- Simulation
- Battery Development and Management
- Charger Testing
- Motor Controls
- Others
By Location Outlook (Revenue - USD Million, 2019-2032)
By Service Outlook (Revenue - USD Million, 2019-2032)
- Concept/Research
- Designing
- Prototyping
- System Integration
- Testing
By Propulsion Outlook (Revenue - USD Million, 2019-2032)
By Nature Type Outlook (Revenue - USD Million, 2019-2032)
By Regional Outlook (Revenue - USD Million, 2019-2032)
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Indonesia
- South Korea
- Malaysia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Research Methodology Overview
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing (Secondary Sources)
Chapter 2. Executive Summary
- 2.1 Market Overview
- 2.2 Market Segmentation
- 2.2.1 Market By Vehicle Type
- 2.2.2 Market By Application
- 2.2.3 Market By Location
- 2.2.4 Market By Service
- 2.2.5 Market By Propulsion
- 2.2.6 Market By Nature Type
- 2.2.7 Geographic Overview
Chapter 3. Automotive Engineering Services Market Insights
- 3.1 Automotive Engineering Services - Market Size And Growth Prospects
- 3.2 Automotive Engineering Services Market Dynamics
- 3.2.1 Automotive Engineering Services Market Driver and Opportunity Analysis
- 3.2.1.1 Increasing Demand for Electrical Systems Design Services
- 3.2.1.2 Consumers Increasingly Demand More Efficient, Safe, and Connected Vehicles
- 3.2.2 Automotive Engineering Services Market Restraint/Challenges Analysis
- 3.2.2.1 Risk of Heavy Investment
- 3.2.2.2 Regulatory Challenges Across Globe
- 3.3 Automotive Engineering Services Market- Porter's Five Forces Analysis
- 3.4 Automotive Engineering Services Market- PESTLE Analysis
- 3.5 Automotive Engineering Services Market- Value Chain Analysis
- 3.6 Automotive Engineering Services Market- Key Industrial Trends
- 3.7 Automotive Engineering Services Market- COVID-19 Impact Analysis
Chapter 4. Automotive Engineering Services Market Assessment By Vehicle Type
- 4.1 Introduction
- 4.2 Passenger Cars
- 4.3 Commercial Cars
Chapter 5. Automotive Engineering Services Market Assessment By Application
- 5.1 Introduction
- 5.2 ADAS and Safety
- 5.3 Electrical, Electronics, and Body Controls
- 5.4 Chassis
- 5.5 Connectivity Services
- 5.6 Interior, Exterior and Body Engineering
- 5.7 Powertrain and Exhaust
- 5.8 Simulation
- 5.9 Battery Development and Management
- 5.10 Charger Testing
- 5.11 Motor Controls
- 5.12 Others
Chapter 6. Automotive Engineering Services Market Assessment By Location
- 6.1 Introduction
- 6.2 In-house
- 6.3 Outsourcing
Chapter 7. Automotive Engineering Services Market Assessment By Service
- 7.1 Introduction
- 7.2 Concept/Research
- 7.3 Designing
- 7.4 Prototyping
- 7.5 System Integration
- 7.6 Testing
Chapter 8. Automotive Engineering Services Market Assessment By Propulsion
- 8.1 Introduction
- 8.2 ICE
- 8.3 Electric
Chapter 9. Automotive Engineering Services Market Assessment By Nature Type
- 9.1 Introduction
- 9.2 Body Leasing
- 9.3 Turnkey
Chapter 10. Automotive Engineering Services Market Assessment by Geography
- 10.1 Introduction
- 10.2 Automotive Engineering Services Market - North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Automotive Engineering Services Market - Europe
- 10.3.1 Germany
- 10.3.2 France
- 10.3.3 Italy
- 10.3.4 U.K
- 10.3.5 Spain
- 10.3.6 Netherlands
- 10.3.7 Russia
- 10.3.8 Rest of Europe
- 10.4 Automotive Engineering Services Market - Asia-Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 Indonesia
- 10.4.5 South Korea
- 10.4.6 Malaysia
- 10.4.7 Rest of APAC
- 10.5 Automotive Engineering Services Market - Latin America
- 10.5.1 Brazil
- 10.5.2 Argentina
- 10.5.3 Mexico
- 10.5.4 RoLATAM
- 10.6 Automotive Engineering Services Market - Middle East And Africa
- 10.6.1 Saudi Arabia
- 10.6.2 South Africa
- 10.6.3 UAE
- 10.6.4 Israel
- 10.6.5 Rest of Middle East & Africa
Chapter 11. Competitive Landscape
- 11.1 Key Market Players: Categorization
- 11.2 Strategy Framework
- 11.3 Vendor Landscape
- 11.4 Strategies Categorization
- 11.4.1 Partnership/Collaboration
- 11.4.2 Acquisition
Chapter 12. Company Profiles
- 12.1 Capgemini
- 12.1.1 Business Overview
- 12.1.2 Financial Snapshot
- 12.1.2.1 Revenue by Business Segments
- 12.1.2.2 Revenue by Region
- 12.1.3 Product & Services Benchmarking
- 12.1.4 Recent Developments
- 12.2 IAV
- 12.2.1 Business Overview
- 12.2.2 Financial Snapshot
- 12.2.3 Product & Services Benchmarking
- 12.3 Bertrandt
- 12.3.1 Business Overview
- 12.3.2 Financial Snapshot
- 12.3.2.1 Revenue by Business Segments
- 12.3.3 Product & Services Benchmarking
- 12.4 L&T Technology Services Limited.
- 12.4.1 Business Overview
- 12.4.2 Financial Snapshot
- 12.4.2.1 Revenue by Business Segments
- 12.4.2.2 Revenue by Region
- 12.4.3 Product & Services Benchmarking
- 12.4.4 Recent Developments
- 12.5 FEV Group GmbH
- 12.5.1 Business Overview
- 12.5.2 Product & Services Benchmarking
- 12.6 Ricardo
- 12.6.1 Business Overview
- 12.6.2 Financial Snapshot
- 12.6.2.1 Revenue by Business Segments
- 12.6.2.2 Revenue by Region
- 12.6.3 Product & Services Benchmarking
- 12.6.4 Recent Developments
- 12.7 Continental AG
- 12.7.1 Business Overview
- 12.7.2 Financial Snapshot
- 12.7.2.1 Sales by Business Segments
- 12.7.2.2 Sales by Region
- 12.7.3 Product & Services Benchmarking
- 12.7.4 Recent Developments
- 12.8 EDAG Group
- 12.8.1 Business Overview
- 12.8.2 Financial Snapshot
- 12.8.2.1 Revenue by Business Segments
- 12.8.2.2 Revenue by Region
- 12.8.3 Product & Services Benchmarking
- 12.9 Semcon
- 12.9.1 Business Overview
- 12.9.2 Product & Services Benchmarking
- 12.10 Tech Mahindra Limited
- 12.10.1 Business Overview
- 12.10.2 Financial Snapshot
- 12.10.2.1 Revenue by Business Segments
- 12.10.2.2 Revenue by Region
- 12.10.3 Product & Services Benchmarking
- 12.10.4 Recent Developments
- 12.11 Wipro Limited
- 12.11.1 Business Overview
- 12.11.2 Financial Snapshot
- 12.11.2.1 Revenue by Business Segments
- 12.11.2.2 Revenue by Region
- 12.11.3 Product & Services Benchmarking
- 12.11.4 Recent Developments
- 12.12 HCL Technologies Ltd. (HCLTech)
- 12.12.1 Business Overview
- 12.12.2 Financial Snapshot
- 12.12.2.1 Revenue by Business Segments
- 12.12.2.2 Revenue by Region
- 12.12.3 Product & Services Benchmarking
- 12.12.4 Recent Developments
- 12.13 RLE International Group
- 12.13.1 Business Overview
- 12.13.2 Product & Services Benchmarking