Automotive Engineering Services Market Size, Share, Growth Analysis, By Location(In-House, Outsource), By Service Type(Concept/Research, Designing, Prototyping, System Integration), By Application(ADAS and Safety, Electrical, Electronics, and Body Controls), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Nature Type(Body Leasing, Turnkey), By Propulsion(Internal Combustion Engine, Electric), By Region - Industry Forecast 2024-2031

The key players in the automotive engineering services market are working on continuous innovation and product portfolios. Furthermore, the growing relevance of IoT, fueled by the expanding therapeutic applications of these services, is expected to drive the growth of Automotive Engineering Services during the forecast period. For instance, in July 2020, Audi announced a partnership with Huawei, the top producer of smartphones and telecommunications equipment in China, to integrate connection technology into upcoming cars.

Top Players in Automotive Engineering Services Market

• Capgemini (France) 
• AKKA Technologies (France) 
• Tech Mahindra (India) 
• IAV Automotive Engineering (Germany) 
• HCL Technologies (India) 
• Ricardo (UK) 
• AVL (Austria) 
• Bertrandt AG (Germany) 
• Alten Group (France) 
• L&T Technology Services (India) 
• FEV (Germany) 
• Imaginative Automotive Engineering Services (India) 
• Onward Technologies (India) 
• Automotive Engineering Services (AES) (India) 
• Kistler (Switzerland) 
• Continental Engineering Services (Germany) 
• EDAG (Germany) 
• ESI Group (France) 
• Semcon (Sweden) 
• Segula Technologies (France) 
• Epam Systems (US) 
• Belcan (US) 
• T-Net Japan (Japan) 
• Designtech Systems (India) 
• Horiba (Japan) 
• Intertek (UK) 
• Altair Engineering (US) 
• ARRK Product Development Group (Japan)

Recent Development in Global Automotive Engineering Services Market

• In May 2022, Adler Pelzer Group (APG) signed a Memorandum of Understanding with the Government of Taixing City where it plans to manufacture parts for its customers using its latest technologies of composite material for interior and exterior hard trims.
• In February 2021, Schaeffler Group announced that starting from 2024, it will create a hybrid electric vehicle drive unit with two electric motors, a transmission, and built-in power electronics. High performance with minimal fuel usage is possible with a system power rating of 120 kW. The latest order for dedicated hybrid drives is consistent with this.