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Automotive Engineering Services Market Share

Report ID: GMI5860
Published Date: Oct 2024
Report Format: PDF

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Automotive Engineering Services Company Market Share

Robert Bosch GmbH, Continental AG, and Capgemini Engineering collectively held a substantial market share of over 30% in the automotive engineering services industry in 2023. Bosch integrates advanced software and hardware solutions into vehicle systems, emphasizing electrification, automation, and connectivity. The company invests heavily in engineering services related to autonomous driving, electric vehicle components, and advanced driver-assistance systems (ADAS). Strategic partnerships and in-house R&D bolster Bosch’s push toward sustainable mobility solutions and software-defined vehicle innovations.

Continental prioritizes software-driven engineering services, focusing on autonomous mobility, electric powertrains, and connected vehicle technologies. The company leverages artificial intelligence (AI) and data analytics for ADAS and automated driving. By fostering collaborations and expanding its engineering capabilities, Continental aims to lead in sustainable mobility and innovative digital solutions for the automotive industry.

Capgemini Engineering provides a comprehensive suite of digital engineering services, focusing on connected, autonomous, shared, and electric (CASE) vehicle technologies. The company integrates AI, cloud computing, and data analytics to optimize automotive design and manufacturing. Strategic partnerships with automakers and a commitment to sustainability and smart mobility are key elements of Capgemini’s market approach.

Automotive Engineering Services Market Companies

Major players operating in the automotive engineering services industry are:

Alten Group
Capgemini Engineering
Continental
EDAG Engineering
FEV Group
Harman International Industries
IAV
Mahindra Engineering Services
Robert Bosch
Tata Technologies

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive engineering services reached USD 164.9 billion in 2023 and is set to grow at a CAGR of 8.2% between 2024 and 2032, driven by the increasing focus on sustainability and fuel efficiency.

The in-house segment accounted for over 55% of the market share in 2023 and is expected to exceed USD 185 billion by 2032, as manufacturers prefer in-house engineering to maintain control over critical processes.

The passenger cars segment held around 64% of the market share in 2023, led by the rising global demand for personal mobility and investments in advanced technologies like electric and autonomous vehicles.

The Germany market is expected to exceed USD 44 billion by 2032, supported by its robust automotive industry and strong R&D investments.

Major players in the industry include Alten Group, Capgemini Engineering, Continental, EDAG Engineering, FEV Group, Harman International Industries, IAV, Mahindra Engineering Services, Robert Bosch, and Tata Technologies.