Automotive engineering services can be defined as the collection of different service offerings including mechanical, software, electrical, electronics, and safety engineering for the designing of an automotive. These services focus on optimizing the manufacturing process to improve the overall operational cycle of the organization without compensating on efficacy of the vehicle. Automotive Enhanced Service Providers (ESPs) are enhancing their technical skills as per the changing business environment and are developing more adaptive and customized solutions for OEMs. As a result, majority of the OEMs are collaborating with automotive ESO providers for designing, developing, and testing new engines, transmissions, and designs thus, driving the growth of the global automotive engineering services market.
Automotive engineering services market is expected to reach $18.6 billion by 2027, at a CAGR of 6.7% during the forecast period of 2020 to 2027.
Here are the top 10 companies operating in this market-
Bertrandt AG offers innovative solutions for automotive and aviation industries across various regions. The company operates in digital engineering, physical engineering, and electrical systems/electronics segments. The company’s designing services, which include designing of all the elements of the automotive, are popular among the consumers. Moreover, its powertrain services and simulation services are well accepted among various industry leaders.
With its subsidiaries and strong distribution network, the company has its presence across Europe, China and the U.S. Some of the subsidiaries of the Bertrandt AG are Bertrandt SAS, Bertrandt TechniKum GmbH, Bertrandt Services GmbH, Bertrandt US, Inc., and Bertrandt Aeroconseil GmbH, among others.
Alten Cresttek (Alten Group)
Alten Cresttek is a subsidiary of the French multinational company, Alten Group. The company has been primarily focusing on automotive and industrial manufacturing services and is gradually proving its footprint into the automotive engineering services market. The company operates in the market through automotive, manufacturing & assembly, and general engineering industries segments. The company offers various services in this market, namely product design, virtual simulations, embedded systems and technologies, and product lifecycle management.
With its strong distribution network, the company has its presence across the U.S., Canada, the U.K., Germany, Italy, India, Korea, Japan, and Singapore.
L&T Technology Services Limited
L&T Technology Services Limited is an engineering services company that offers its solutions, products, and services to various industrial verticals. The company has an expertise in engineering design, product development, smart manufacturing, and digitalization. It also focuses on inculcation of newer technologies such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport in its services to enhance their offerings and ensure customer satisfaction. The company operates in several industry verticals, namely industrial products, transportation, oil and gas, media and entertainment, consumer electronics, plant engineering, telecommunications, semiconductors, and medical devices.
With its strong distribution network, the company has its presence across North America, South America, Europe, and Rest of the World. The company is a subsidiary of conglomerate Larsen & Toubro (L&T), and is listed on the National Stock Exchange and the Bombay Stock Exchange.
FEV Group GmbH
FEV Group GmbH design and develops internal combustion engines; conventional, electric, and alternative vehicle drive systems; and energy technology, as well as a major supplier of advanced testing and instrumentation products and services to some of the world’s largest powertrain OEMs. The company offers its services specifically to automotive and transportation industry and inculcates latest technologies in their offerings.
With its subsidiaries and strong network of distribution, the company has its presence across the North America, Europe, Asia Pacific, and rest of the world. Some of the subsidiaries of the company include B & W Fahrzeugentwicklung GmbH, Imperia GmbH, etamax Space GmbH, and FEV North America, Inc. among others.
Harman International is an American company that produces, designs, and engineers connected products for automakers, consumers, and enterprises worldwide, including connected car systems; audio and visual products; enterprise automation; and connected services. The company offers its services and solutions to several industry verticals, namely telecommunication, gaming, retail, connected homes, energy, and healthcare. The company also focuses on providing engineering services to automotive industry at a broader scale. The offerings for automotive industry includes analytics, designs, cloud infrastructure, and embedded systems, among others.
With its subsidiaries and strong network of distribution, the company has its presence across North America, Europe, Latin America, and Middle and East and Africa. Some of the subsidiaries of Harman International include AKG Acoustics GmbH, Harman Becker Automotive Electronic Systems (Suzhou) Co., Ltd., Harman Becker Automotive Systems GmbH, Harman Becker Automotive Systems Italy S.r.l, and Harman Belgium S.A., among others.
A report into the projected growth of the current Automotive Engineering Services Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 6.7%, reaching over $18.6 billion.
Akka Technologies is a globally operating engineering and technology consulting group at the forefront of the digital and connected world. The company’s unique positioning enables it to boost their clients’ performance through innovation, digitization, and cross-sector expertise. Also, the company primarily focuses on the entire product life cycle from design to manufacturing and in-service support, building on a specialist digital skill set. The company operates in various industry verticals, namely automotive, aerospace & defense, railway, energy, space, life sciences, digital, and consulting.
With its subsidiaries and strong network of distribution, the company has its presence across North America, Europe, Latin America, and Middle and East and Africa. Some of the subsidiaries of Akka Technologies include Data Respons, PDS Tech, Inc., MATIS Group, EKIS SAS, Ekis France, and Akka I&S SA, among others.
IAV GmbH is an engineering service provider that has proven itself across manufacturers in vehicles and technologies all over the world. The company brings together the best of a wide variety of worlds – automotive and IT world; hardware and software world; and product and service world. With its holistic engineering approach, the company develops future technologies and brings innovations into series production. The company offers its solutions and services to cars and vans, commercial vehicles and work machines, rail & navy, and energy and water management industries.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Some of the subsidiaries of IAV GmbH are IAV Company Limited, IAV Automotive Engineering, CPU 24/7 GmbH, and IAV GmbH Ingenieurgesellschaft Auto Und Verkehr.
Altran Technologies is a global innovation and engineering consulting firm that supports its customers, from concept to industrialization, to develop the products and services of tomorrow. The company operates across several industry verticals, namely automotive, aeronautics, space, defense & naval, rail, infrastructure & transport, industry & consumer products, life sciences, communications, semiconductor & electronics, software & internet, and finance & public sector. Besides, the company is owned by Capgemini group since June 2019.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. Some of the subsidiaries of Altran Technologies are Altran India Pvt, Ltd., Cambridge Consultants, Altran USA Holdings, Altran U.K. limited, and OXO SAS, among others.
EDAG Engineering GmbH
EDAG Engineering GmbH is a leading player in engineering services market. The company works in the fields of product development, production plant development, plant engineering, and small series production. The EDAG Group is one of the world’s largest independent development partners to the automotive industry and aviation industry. The company offers engineering services in terms of design, development, testing, and functions for vehicle development related industries.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa.
HCL Technologies Limited
HCL Technologies Limited is an engineering and consulting company that helps global enterprises in digitalizing and enhancing their businesses. The company offers innovative technology solutions built around Digital, IoT, Cloud, Automation, Cybersecurity, Analytics, Infrastructure Management, and Engineering Services, among others. It also operates across various industry verticals, namely financial services, consumer services, manufacturing, life sciences, and public services. Ranging from IT, embedded, and electronics to hardware and mechanical engineering, the company’s solutions and services are aimed at providing a complete passenger experience at every link of the value chain.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. Some of the subsidiaries of HCL Technologies are BigFix Inc., Geometric Limited, HCL Axon, and Actian, among others.
Authoritative Research on the Automotive Engineering Services Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
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