Global Automotive Engineering Service Provider Market, By Module Type (Intelligent Power Module (IPM), Power Integrated Module (PIM)), Vehicle Type (Passenger Cars, Commercial Vehicle, Two Wheeler), Services (Engine, Transmission, Chassis, Car and BIW, Cooling and HVAC, Interior and Exterior Trims, Seating Systems, Other), Application (Mechanical, Software, Electrical and Electronics, Safety) – Industry Trends and Forecast to 2029
Automotive Engineering Service Provider Market Analysis/ Insight
Data Bridge Market Research analyses that the Automotive Engineering Service Provider market was valued at USD 7.45 billion in 2021 and is likely to reach USD 12.24 billion by 2029, and is expected to grow at a CAGR of 6.40% during the forecast period.
Automotive Engineering Service Provider Market Advertising Trends Segmentation
It is fragmented on the basis of type
Module Type
Intelligent Power Module (IPM), Power Integrated Module (PIM)
Vehicle Type
Passenger Cars, Commercial Vehicle, Two Wheeler
Services
Engine, Transmission, Chassis, Car and BIW, Cooling and HVAC, Interior and Exterior Trims, Seating Systems, Other
Application
Mechanical, Software, Electrical and Electronics, Safety
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Automotive Engineering Service Provider Market Scope and Size
The automotive engineering service provider market is segmented on the basis of module type, vehicle type, services, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Automotive Engineering Service Provider Market Regional Level Analysis
The automotive engineering service provider market is analyzed and market size insights and trends are provided by country, module type, vehicle type, services, and application as referenced above.
The countries covered in the automotive engineering service provider market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Automotive Engineering Service Provider Market Share Analysis
The automotive engineering service provider market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive engineering service provider market.
Competitive Landscape
Some of the major players operating in the automotive engineering service provider market are:
CONTINENTAL ENGINEERING SERVICES (U.S)
Robert Bosch GmbH (GERMANY)
AVL (CHINA)
Bertrandt AG (FRANCE)
EDAG Engineering GmbH (GERMANY)
HARMAN International. (U.S)
IAV (BRAZIL)
IPROMPT AUTO TECH PVT LTD (ITALY)
Magna International Inc. (U.S)
Contechs (RUSSIA)
AKKA (JAPAN)
Capgemini. (U.S)
HCL Technologies Limited(INDIA)
Ricardo. (FRANCE)
Tech Mahindra Limited.(INDIA)
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Major TOC of the Automotive Engineering Service Provider Market Advertising Report
Chapter One: Introduction
Chapter Two: Market Analysis/Insights
Chapter Three: Advertising Trend Segmentation
Chapter Four: Market Scope and Size
Chapter Five: Regional Level Analysis
Chapter Six: Market Share Analysis
Chapter Seven: Competitive Landscape
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According to Market Research Future (MRFR)’s analysis, the global automotive engineering service provider market is set to exhibit a steady CAGR over the forecast period 2018 to 2023.
The accelerated profit generation witnessed in the automotive industry is likely to aid the proliferation of the market in the forthcoming years.Engineering service providers offer services for developing, designing and testing engines.
The innovations in automotive technology are forecasted to dictate the growth pattern of the automotive engineering service provider market over the next couple of years.
In addition, the availability of automotive engineering services outsourcing is further anticipated to reflect on the growth curve of the market in the foreseeable future.The rising standards of living coupled with increasing purchasing power and strengthening economy is prognosticated to drive the growth of the global automotive engineering service provider market in the years to come.
Also, a drastic rise witnessed in the ales of automobiles is predicted to keep favoring market expansion across the review period.Efforts directed towards the innovation of technology that facilitates increasing power density, minimum power losses, and maximizing power savings are anticipated to augment the global automotive engineering service provider market over the assessment period.
Furthermore, autonomous and semiautonomous vehicles are gaining quick mileage in the market.
