Automotive Engineering Service Provider Market Size, Share, Growth Analysis, By Service(Engine, Chassis, Transmission, Car And BIW), By Application(Mechanical, Electrical & Electronics, Software, Safety), By Vehicle Type(Passenger Car, Commercial Vehicle, Two-Wheeler), By Region - Industry Forecast 2024-2031

The global automotive engineering service provider market will continue to grow as a result of significant R&D investments by companies to extend their product ranges. To increase their worldwide presence, automotive engineering service provider market players are also opting for different strategies and focusing on maximizing their revenue generation potential. Notable changes in the industry include the introduction of new products, contracts, mergers and acquisitions, increased investment, and cooperation with other businesses. To grow and thrive in an increasingly competitive and rising market environment, the automotive engineering service provider sector needs to provide affordable products.

One of the primary business strategies employed by manufacturers in the worldwide automotive engineering service provider industry to assist clients and expand the market sector is manufacturing locally to minimize operational costs. The automotive engineering service provider sector has provided medicine with some of the biggest benefits in recent years.

The American maker of audio electronics called Harman International Industries, has been functioning as a stand-alone division of Samsung Electronics. The launch of Ready Care, a new service from Harman International (Harman) that analyzes driver behaviour and provides tips for safer driving, has been announced. In addition to Herman's connected car technologies, it offers solutions like Cognitive Distraction, Stress-Free Routing, and Personalized Comfort to improve driver safety.

The German-based global provider of engineering services, FEV Group, includes FEV India Pvt. Ltd. as a subsidiary. The company provides system integration, testing and validation, and design and development services to the transportation and automotive sectors. Based in Pune, India, FEV India was established in 2008. For a range of automotive and transportation applications, a group of skilled engineers and technicians works closely with customers to provide innovative solutions. The FEV io Intelligent Mobility Software, which integrates the company's knowledge of software development, innovative power solutions, and intelligent mobility, was unveiled by FEV in April 2022. This solution will include an all-inclusive software suite with ADAS and connecting services for the automotive industry.

Top Player’s Company Profile

• IAV Automotive Engineering, Inc.

• Robert Bosch GmbH

• Magna International Inc

• Imaginative Automotive Engineering Services

• Contechs

• AVL LIST GmbH

• Continental AG

• HARMAN International

• Bertrandt

• EDAG Engineering GmbH

• Cap Gemini Engineering

• ASAP HOLDING GMBH

• Altair Engineering Inc.

• Akkodis

• Alten Group