Automotive Engineering Service Market is Booming Worldwide | Bertrandt, EDAG Engineering, Altair Engineering

Automotive Engineering Service Market

The Latest Study Published by HTF MI Research on the “Automotive Engineering Service Market’’ evaluates market size, trend and forecast to 2030. The Automotive Engineering Service market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are 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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According to HTF Market Intelligence, the Global Automotive Engineering Service market to witness a CAGR of 8.6% during forecast period of 2024-2030. 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). 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 2019 to 2023E. Currently, market value is pegged at USD 155.7 Billion.

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.

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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Market Drivers

  • Growing stricter emissions and safety regulations worldwide.
  • Increasing consumer demand for safer, more efficient, and feature-rich vehicles

Market Trend

  • High development costs R&D and technology integration.
  • Complex supply chains for the production of automotive engineering services

Market Restraints:

  • Growing demand for electric vehicles and alternative fuel technologies.
  • Increasing autonomous and connected vehicles

Major Highlights of the Automotive Engineering Service Market report released by HTF MI

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)

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).

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Informational Takeaways from the Market Study: The report Automotive Engineering Service matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This segment of the Automotive Engineering Service report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

Some of the important question for stakeholders and business professional for expanding their position in the Automotive Engineering Service Market:

Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Automotive Engineering Service movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Automotive Engineering Service Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Automotive Engineering Service Market?

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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.
  • Key Points Covered in Automotive Engineering Service Market Report: Overview, drivers and barriers
  • Automotive Engineering Service Market Competition by Manufacturers
  • Automotive Engineering Service Market Capacity, Production, Revenue (Value) by Region (2024-2030)
  • Automotive Engineering Service Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
  • Automotive Engineering Service Market Manufacturers Profiles/Analysis
  • Automotive Engineering Service Market 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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