Press release
Automotive Engineering Service Market Likely to enjoy Promising Growth by 2030 | Bertrandt AG, EDAG Engineering, IAV GmbH, AKKA Technologies
Automotive Engineering Service Market
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Automotive Engineering Service market. The Automotive Engineering Service market size is estimated to increase by USD 139.5 Billion at a CAGR of 8.6% from 2024 to 2030. The report includes historic market data from 2024 to 2030. The market value is pegged at USD 155.7 Billion.
The Major Players Covered in this Report: Bertrandt AG (Germany), EDAG Engineering GmbH (Germany), IAV GmbH (Germany), HORIBA Ltd (Japan), FEV Group GmbH (Germany), AKKA Technologies (Germany), Alten GmbH (Germany), P3 Automotive GmbH (Germany), Altair Engineering Inc. (United States), Robert Bosch GmbH (Germany)
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Definition:
The Automotive Engineering Service Market refers to the industry segment that provides engineering services tailored to the automotive sector. These services cover a broad spectrum of activities involved in the design, development, testing, validation, and production of automotive components, systems, and vehicles.
Market Trends:
-High development costs R&D and technology integration.
-Complex supply chains for the production of automotive engineering services
Market Drivers:
-Growing stricter emissions and safety regulations worldwide.
-Increasing consumer demand for safer, more efficient, and feature-rich vehicles
Market Restraints:
-Growing demand for electric vehicles and alternative fuel technologies.
-Increasing autonomous and connected vehicles
In September 2022, HARMAN International launched new Ready Care service to expand its portfolio of products which designed and built to deliver consumer-focused experiences at an automotive grade. It includes cognitive distraction, stress-free routing, and personalized comfort that can work together or independently to improve safety and reduce driver stress.
In February 2022, Bertrandt AG introduced new ADAS radar testing facilities to enabling its customers to carry out radar measurements and verifications in the testing laboratory.
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The titled segments and sub-sections of the market are illuminated below:
In-depth analysis of Automotive Engineering Service market segments by Types: Design and Prototyping, Testing and Validation, System Integration, Simulation
Detailed analysis of Automotive Engineering Service market segments by Applications: Powertrain and exhaust, Body and chassis, Safety and control systems, Infotainment systems
Major Key Players of the Market: Bertrandt AG (Germany), EDAG Engineering GmbH (Germany), IAV GmbH (Germany), HORIBA Ltd (Japan), FEV Group GmbH (Germany), AKKA Technologies (Germany), Alten GmbH (Germany), P3 Automotive GmbH (Germany), Altair Engineering Inc. (United States), Robert Bosch GmbH (Germany)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
-To carefully analyse and forecast the size of the Automotive Engineering Service market by value and volume.
-To estimate the market shares of major segments of the Automotive Engineering Service market.
-To showcase the development of the Automotive Engineering Service market in different parts of the world.
-To analyse and study micro-markets in terms of their contributions to the Automotive Engineering Service market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Automotive Engineering Service market.
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive Engineering Service market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Global Automotive Engineering Service Market Breakdown by Application (Powertrain and exhaust, Body and chassis, Safety and control systems, Infotainment systems) by Type (Design and Prototyping,, Testing and Validation,, System Integration, Simulation) by Vehicle Type (Passenger vehicles, Commercial vehicles, Two-wheelers) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Key takeaways from the Automotive Engineering Service market report:
- Detailed consideration of Automotive Engineering Service market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the Automotive Engineering Service market-leading players.
- Automotive Engineering Service market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Automotive Engineering Service market for forthcoming years.
Major questions answered:
- What are influencing factors driving the demand for Automotive Engineering Service near future?
- What is the impact analysis of various factors in the Global Automotive Engineering Service market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Automotive Engineering Service market for long-term investment?
Key Points Covered in Automotive Engineering Service Market Report:
- Automotive Engineering Service Overview, Definition and Classification Market drivers and barriers
- Automotive Engineering Service Market Competition by Manufacturers
- Automotive Engineering Service Capacity, Production, Revenue (Value) by Region (2024-2030)
- Automotive Engineering Service Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Automotive Engineering Service Production, Revenue (Value), Price Trend by Type {Design and Prototyping, Testing and Validation, System Integration, Simulation}
- Automotive Engineering Service Market Analysis by Application {Powertrain and exhaust, Body and chassis, Safety and control systems, Infotainment systems}
- Automotive Engineering Service Manufacturers Profiles/Analysis
- Automotive Engineering Service Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Major highlights from Table of Contents:
Automotive Engineering Service Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Automotive Engineering Service market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Automotive Engineering Service Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Automotive Engineering Service Market Production by Region
- Automotive Engineering Service Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, MINT, BRICS, G7, Western / Eastern Europe, or Southeast Asia. Also, we can serve you with customized research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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