Automotive Engineering Services Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2020–2028
A novel report on Global Automotive Engineering Services Market has been published by Reports and Data to offer comprehensive market analysis along with current and emerging trends. The report is well-formulated through extensive research on crucial aspects of the industry and also provides an in-depth assessment of top companies operating in the market. The report also offers details about market trends, market revenue growth, market share, market dynamics, market size, drivers, restraints, growth opportunities among others. The data in the report is obtained through extensive primary and secondary research and is well-organized in pictorial presentations such as tables, charts, figures and diagrams. The automotive engineering services market was valued at USD 140.63 Billion in 2020 and is expected to reach USD 271.86 Billion by year 2028, at a CAGR of 8.50% CAGR during the forecast period (from 2018 – 2028).
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The global Automotive Engineering Services market is expected to register significant revenue CAGR over the forecast period. The information and communication technology sector comprises various sectors including hardware, software, telecommunications and other services which are widely used in several sectors including agriculture, healthcare, commercial, industrial, pharmaceutical, and BFSI. The global market revenue growth is significantly driven by factors such as rapidly growing industrial and commercial sectors, increasing adoption of digitalization and rapid advancements in ICT sector. Other factors such as high adoption of latest smart devices such as smart phones, mobiles, laptops, computers, increasing investments in the ICT sector, rising demand for high speed internet and high risks of data leakage and data security are expected to fuel global market growth during the forecast period. In addition, rising need for managing large data, and increasing adoption of cloud services and advanced technologies such as IoT and AI are other factors expected to boost market growth going ahead.
The report offers comprehensive assessment of competitive landscape with a special focus on the key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, and agreements undertaken by the key companies. It also sheds light on the recent product launches and brand promotions to predict revenue contribution and revenue growth over the forecast period. Harman, Capgemini, AVL, Bertrandt, Alten Cresttek, L&T Technology Services, FEV, Akka Technologies, HCL Technologies, IAV Automotive Engineering, Altran, Ricardo and others.
The report further segments the Automotive Engineering Services market on the basis of product types, application spectrum, and regional bifurcation.
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Automotive Engineering Services Market by Service Type (Revenue, USD Million; 2018–2028)
Validation and Predictive Engineering Analytics
Automotive Engineering Services Market by Nature (Revenue, USD Million; 2018–2028)
Automotive Engineering Services Market by Application (Revenue, USD Million; 2018–2028)
Electrical, Electronics and Body Controls
Embedded Systems and Infotainment
Interior and Exterior Body
Powertrain and Exhaust
Automotive Engineering Services Market by Location (Revenue, USD Million; 2018–2028)
Automotive Engineering Services Market Segmentation based on Region:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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