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This Automotive Engineering Service Provider market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Automotive Engineering Service Provider report simplifies managing marketing of goods and services effectively.
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.
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Market Overview:
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).
Some of the major players operating in the Automotive Engineering Service Provider market are 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), Ricardo. (France), Tech Mahindra Limited (India) among others.
Global Automotive Engineering Service Provider Market Scope
The automotive engineering service provider market is segmented on the basis of module type, vehicle type, services, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Module type
Intelligent Power Module (IPM)
Power Integrated Module (PIM)
Vehicle Type
Commercial Vehicle
Services
Engine
Transmission