Data Bridge Market Research recently undertook a comprehensive market intelligence investigation into the Automotive Engineering Service Provider Market. Their freshly released report adopts an attractive format, effectively presenting crucial data through visually captivating tables, graphs, charts, and figures.
In the world of business strategy and market insights, the Automotive Engineering Service Provider report stands out as an invaluable asset. Packed with essential data and impactful statistics, it's a compass guiding business toward effective decisions in production, marketing, sales, and beyond. Delving deep into the competitive landscape, it illuminates product ranges, strategies, and future potentials of key market players, making it an invaluable tool for identifying prime market opportunities and essential business information.
The Automotive Engineering Service Provider market research report doesn't just estimate market size; it unveils a panorama of critical aspects—retailer revenues, industry evolution from upstream to downstream, noteworthy developments, and market segments and applications. Covering market definitions, currency factors, segmentation insights, and company profiles among other premium insights, this report isn't just a resource; it's a strategic ally tailored for the unique needs of businesses within the automotive industry.
The engineering service provider provides various engineering solutions to various industries, one of which is automotive. Engineering solutions are available for a variety of elements such as mechanical, electrical, electronics, software, and others. These elements are used in a variety of automotive applications. Automotive engineering solutions assist OEMs and their suppliers in digitising the product value chain, lowering product development costs and shortening time to market. Vehicle engineering, vehicle electronics, manufacturing IT, and product lifecycle management are examples of automotive engineering solutions (PLM).
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. Data Bridge Market Research report on automotive engineering service provider market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
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Key Growth Drivers:
- Growth in infrastructural activities as well as rising preference for electric vehicle
Rising preference for electric vehicles, adoption of emission standards, rising trend of vehicle electrification and digitization will likely boost the growth of the automotive engineering service provider market.
- High demand for advanced connectivity solutions.
Automotive OEMs and Tier 1 partners have poured millions of dollars into developing next-generation connected vehicles. In premium sedans and SUVs, IoT devices, ultrasonic sensors, and high-definition cameras are common. All of these elements combine to form an eco-system that can communicate with the outside world and exchange data to improve the in-car experience. An on-board computer processes the data to provide features such as smooth navigation and personalised infotainment systems. The data can also be used to analyse the vehicle's condition/health in order to schedule maintenance, which can help to avoid unexpected engine failures.
The report emphasizes the participation of key entities, notably:
- 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)
Report Scope:
- Analysis of market trends influencing the global beverage stabilizers market's growth.
- Examination of trends within key regional and country-level markets based on type, function, and application.
- Providing a comprehensive overview of the Automotive Engineering Service Provider market.
- Evaluation of historical, current, and projected market sizes in terms of volume and value.
- Offering a neutral perspective on market performance.
- Essential information for market players seeking to maintain and expand their market presence.
Key Market Segmentation
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)
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