Global Automotive Engineering Services Market is growing at a CAGR of 13.7% during 2018 to 2027.

Some of the key players profiled in the Automotive Engineering Services market include Akka Technologies, Alten Cresttek, Altran, AVL, Bertrandt AG, Capgemini, FEV, Harman, HCL Technologies, IAV Automotive Engineering, L&T Technology Services, Ricardo and Tech Mahindra.

Gaithersburg, Maryland, United States – October 9, 2019 /MarketersMedia/ —

Increasing demand for advanced connectivity solutions, adoption of EV’s and shared mobility for a greener environment are some of the factors fuelling market growth. However, Intellectual Property (IP) constraint and shift in business model are restricting market growth.

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The engineering service provider offers different engineering solutions to various industries and automotive is one of the industries. The engineering solutions are provided for various elements like mechanical, electrical, electronics, software, and others. These elements are used for several applications in automobiles. Automotive engineering solutions help OEMs and their suppliers digitize the product value chain and thereby minimize product development costs and reduce the time to market. Automotive engineering solutions include vehicle engineering, vehicle electronics, manufacturing IT, and product lifecycle management (PLM).

Based on vehicle type, the passenger car segment is estimated to have a lucrative growth due to the adoption of sensors and utilization of vehicle data for autonomous driving and predictive maintenance.

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By Geography, Asia Pacific is likely to have a huge demand due to the growing concerns about rising emission and traffic congestions. Countries such as China, India, and Japan are taking initiatives to reduce emission by adopting a hybrid, plug-in, fuel cell, and battery electric vehicles.

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Services Covered:
• Concept/Research
• Designing
• Prototyping
• System Integration
• Testing

Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car

Locations Covered:
• In House
• Out Source

Applications Covered:
• Advanced Driver-Assistance Systems (ADAS) and Safety
• Chassis
• Connectivity Services
• Electrical, Electronics, and Body Controls
• Interior, Exterior, and Body Engineering
• Powertrain and Exhaust
• Simulation
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Source URL: https://marketersmedia.com/global-automotive-engineering-services-market-is-growing-at-a-cagr-of-137-during-2018-to-2027/88926626

Source: MarketersMedia

Release ID: 88926626

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