Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Automotive Research & Development Services Market by Type (Body & Main Parts, Electronics & Electrical, Powertrain & Chassis), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Automotive Research & Development Services Market by Type (Body & Main Parts, Electronics & Electrical, Powertrain & Chassis), By Application (Passenger Cars, Commercial Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 309831 4200 Automobile & Transportation 377 228 Pages 4.6 (50)
                                          

Market Overview:


The global automotive research and development services market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, rising R&D expenditure by OEMs, and technological advancements in the automotive industry. The body & main parts segment is expected to hold the largest share of the global automotive research and development services market in 2018. This can be attributed to the increasing demand for lightweight materials in automobiles due to stringent fuel economy norms across regions. The electronics & electrical segment is projected to grow at a highest CAGR during the forecast period owing to rapid advancements in vehicle electrification technologies such as hybrid electric vehicles (HEVs) and plug-in electric vehicles (PEVs). In terms of application, passenger cars are expected to account for majority of share in 2018 followed by commercial vehicles. This can be attributed growing demand for personal mobility options globally coupled with rising disposable income levels across emerging economies such as China, India, Brazil, etc.


Global Automotive Research & Development Services Industry Outlook


Product Definition:


The definition of Automotive Research & Development Services is the process of designing, developing and testing new or improved vehicles. The importance of Automotive Research & Development Services is that it helps to improve the safety and performance of vehicles.


Body & Main Parts:


The global body & main parts market is expected to witness significant growth over the forecast period. The automotive industry has been witnessing a continuous rise in vehicle production and sales across the globe. This upsurge in demand for vehicles has led to an increase in research and development activities related to automobiles, thereby propelling market growth globally.


Electronics & Electrical:


Electronics & electrical is the part of technology that deals with circuits, components, systems and devices. It includes semiconductors, printed circuit boards (PCB), electronic components such as integrated circuits (IC) and resistors along with associated mechanical and functional parts. Electronics & electrical are used in automotive research & development services for various applications such as safety systems, infotainment system/satellite navigation system or advanced driver assistance system (ADAS).


Application Insights:


The passenger cars segment led the market in 2017 and is projected to expand at a significant CAGR over the forecast period. The growth can be attributed to increasing demand for passenger vehicles from middle-class population groups in emerging economies such as China, India and Brazil. In addition, factors such as an increase in per capita income levels coupled with changing lifestyles are expected to drive demand for passenger cars over the forecast period.


Commercial vehicles segment is also anticipated to witness considerable growth during the same period owing to rising industrialization activities across developing countries including China, India and Brazil which propel commercial vehicle production volumes. Furthermore, technological advancements coupled with high performance standards set by regulatory bodies regarding safety & comfort features are further expected fuel product innovation thereby driving automotive research & development services market growth over the coming years.


Regional Analysis:


The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising investments by companies in China, India, Japan, South Korea and Taiwan. These countries are considered as some of the most lucrative markets for automotive R&D services providers owing to factors such as low labor cost and easy availability of skilled workforce. Moreover, increasing demand for automobiles due to growing population has led major players in this industry to focus on developing new models or upgrading existing ones with latest safety features & technologies.


Growth Factors:


  • Increasing demand for electric and hybrid vehicles
  • Rising demand for lightweight materials in automotive manufacturing
  • Development of autonomous driving technology
  • Growing popularity of shared mobility services
  • Proliferation of advanced safety features in automobiles

Scope Of The Report

Report Attributes

Report Details

Report Title

Automotive Research & Development Services Market Research Report

By Type

Body & Main Parts, Electronics & Electrical, Powertrain & Chassis

By Application

Passenger Cars, Commercial Vehicles

By Companies

Volkswagen, Toyota, Tesla, Daimler, Bosch, BMW, Continental, BASF, Ford, Honda, General Motors

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

228

Number of Tables & Figures

160

Customization Available

Yes, the report can be customized as per your need.


Global Automotive Research & Development Services Market Report Segments:

The global Automotive Research & Development Services market is segmented on the basis of:

Types

Body & Main Parts, Electronics & Electrical, Powertrain & Chassis

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Passenger Cars, Commercial Vehicles

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Volkswagen
  2. Toyota
  3. Tesla
  4. Daimler
  5. Bosch
  6. BMW
  7. Continental
  8. BASF
  9. Ford
  10. Honda
  11. General Motors

Global Automotive Research & Development Services Market Overview


Highlights of The Automotive Research & Development Services Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Body & Main Parts
    2. Electronics & Electrical
    3. Powertrain & Chassis
  1. By Application:

    1. Passenger Cars
    2. Commercial Vehicles
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Research & Development Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

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  • Market Entry Strategies
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Global Automotive Research & Development Services Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Automotive Research & Development Services (ARDS) is a global automotive technology company that provides engineering, development and manufacturing services to the automotive industry. ARDS offers a wide range of services including product design, engineering, testing and validation, system integration and manufacturing.

Some of the major players in the automotive research & development services market are Volkswagen, Toyota, Tesla, Daimler, Bosch, BMW, Continental, BASF, Ford, Honda, General Motors.

The automotive research & development services market is expected to grow at a compound annual growth rate of 6.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Research & Development Services Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Automotive Research & Development Services Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Automotive Research & Development Services Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Automotive Research & Development Services Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Automotive Research & Development Services Market Size & Forecast, 2020-2028       4.5.1 Automotive Research & Development Services Market Size and Y-o-Y Growth       4.5.2 Automotive Research & Development Services Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Body & Main Parts
      5.2.2 Electronics & Electrical
      5.2.3 Powertrain & Chassis
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Passenger Cars
      6.2.2 Commercial Vehicles
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Automotive Research & Development Services Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Automotive Research & Development Services Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Body & Main Parts
      9.6.2 Electronics & Electrical
      9.6.3 Powertrain & Chassis
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Passenger Cars
      9.10.2 Commercial Vehicles
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Body & Main Parts
      10.6.2 Electronics & Electrical
      10.6.3 Powertrain & Chassis
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Passenger Cars
      10.10.2 Commercial Vehicles
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Body & Main Parts
      11.6.2 Electronics & Electrical
      11.6.3 Powertrain & Chassis
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Passenger Cars
      11.10.2 Commercial Vehicles
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Body & Main Parts
      12.6.2 Electronics & Electrical
      12.6.3 Powertrain & Chassis
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Passenger Cars
      12.10.2 Commercial Vehicles
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Body & Main Parts
      13.6.2 Electronics & Electrical
      13.6.3 Powertrain & Chassis
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Passenger Cars
      13.10.2 Commercial Vehicles
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Automotive Research & Development Services Market: Competitive Dashboard
   14.2 Global Automotive Research & Development Services Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Volkswagen
      14.3.2 Toyota
      14.3.3 Tesla
      14.3.4 Daimler
      14.3.5 Bosch
      14.3.6 BMW
      14.3.7 Continental
      14.3.8 BASF
      14.3.9 Ford
      14.3.10 Honda
      14.3.11 General Motors

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