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Sep 12, 2019 5:05 AM ET

Automotive Engineering Services Market Predicted By Top Players Like AKKA Technologies Group, Altran Technologies, Bertrandt AG, FEV Europe, IAV, Ricardo, L&T Technology Services

iCrowd Newswire - Sep 12, 2019

The demand for automotive engineering services is gaining traction with the increasing trend of emission less transportation and the need for advanced safety features. Increasing developments and growth of the automotive industries in the emerging economies is propelling the growth of the automotive engineering services market. Europe market is likely to witness key growth on account of a large number of manufacturers in the region.

The automotive engineering services market is anticipated to grow in the forecast period owing to driving factors such as developments and adoption of electric vehicles and increasing demand for advanced connectivity solutions. However, the shift in business model and IP constraints are some factors restraining the growth of the automotive engineering services market during the forecast period. On the other hand, the growth of autonomous vehicles offers lucrative opportunities for market players in the coming years.

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Below mentioned is the list of few companies engaged in the automotive engineering services market.

AKKA Technologies Group – Altran Technologies SA – AVL List GmbH – Bertrandt AG – Capgemini SE – FEV Europe GmbH – HCL Technologies Limited – IAV GmbH – L&T Technology Services Ltd – Ricardo. 

The global automotive engineering services market is segmented on the basis of service type, application, location, and vehicle type. By service type, the market is segmented as designing, prototyping, testing, system integration, and concept/research. Based on application, the market is segmented as ADAS and safety, chassis, simulation, electrical, electronics, and body controls, connectivity services, powertrain and exhaust, interior, exterior, and body engineering, and others. On the basis of the location, the market is segmented as outsource and in-house. The market on the basis of the vehicle type is classified as passenger cars, light commercial vehicles, and medium & heavy commercial vehhicles.

The “Global Automotive Engineering Services Market Analysis to 2027” is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive engineering services market with detailed market segmentation by service type, application, location, vehicle type, and geography. The global automotive engineering services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive engineering services market players and offers key trends and opportunities in the market.

It provides an overview and forecast of the global automotive engineering services market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive engineering services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from automotive engineering services market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive engineering services in the global market. Below mentioned is the list of few companies engaged in the automotive engineering services market.

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Keywords:    Automotive Engineering Services Market, Automotive Engineering Services, Automotive Engineering Services Industry

Tags:    Research Newswire, English