Automotive Engineering Services Outsourcing Market Expert Reviews & Analysis with Revenue $469.6 Billion By 2027 “The global automotive engineering services outsourcing market size is projected to touch USD 469.6 billion by the end of 2027. The market is predicted to register a CAGR of over 27% over the forecast duration.”
The report on the Automotive Engineering Services Outsourcing market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the most important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely upon before investing. It furnishes with an affordable examination of the marketplace for better decision-making and assessment to place resources into it. The report analyses the weather and an entire detailed outlook of the most players that are likely to feature to the demand within the global Automotive Engineering Services Outsourcing market within the upcoming years. The market study additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the manufacturers and firms to contribute to Automotive Engineering Services Outsourcing market growth. A number of the foremost conspicuous measures taken by the organizations are partnerships, mergers & acquisitions, and collaborations to increase their overall reach. The key players are likewise presenting newer product varieties within the market to enhance the merchandise portfolio by embracing the new innovation and completing it in their enterprise. The global automotive engineering services outsourcing market size is projected to touch USD 469.6 billion by the end of 2027. The market is predicted to register a CAGR of over 27% over the forecast duration. Increasing collaboration between ESPs and OEMs for leveraging innovative technologies to ensure enhancement, safety and autonomous driving are driving the market growth. In addition, stringent rules pertaining to reduction of vehicular emission is estimated to bode well for the growth of the market.
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Technical advancements such as shared mobility, electrification and self-driving have changed the dynamics of automotive in the recent past. In addition, the introduction of various software-based solutions such as ADAS, in-vehicle infotainment, connectivity and powertrain engineering is estimated to offer a lucrative opportunity for the market players. Cloud computing has helped in enhancing automation processes and control irrespective of location and time. In addition, the introduction of new technologies such as AI, VR, AR and IoT are estimated to transform the design of the automobile, thus, supplementing the market growth. In addition, companies are greatly influenced by stringent regulations that are aimed at reducing noise pollution and CO2 emission along with enhancing testing procedure. For example, the Environmental Protection Agency (EPA) has partnered with the National Highway Traffic Safety Administration (NHTSA) to establish two standards. Phase-1 (20122016) was aimed at minimizing greenhouse gas emission and improving fuel economy, while phase-2 (2018-2025) focuses on establishing a combined fuel economy of 40.3 to 41.0 mpg by the end of 2021.
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Further key findings from the report suggest: • The infotainment and connectivity division is estimated to witness the highest CAGR from 2020 to 2027. • The prototyping service category is anticipated to account for the highest share in the market over the forecast duration. • In 2019, Asia Pacific held the largest share in the market and predicted to continue its domination over the forecast duration.
• Major players operating in the automotive ESO market are Alten GmbH, Bertrandt, Infosys Ltd., Altran Technologies S.A, and HORIBA among others. Million Insights has segmented the global automotive engineering services outsourcing (ESO) market on the basis of application, service, location, and region: Automotive ESO Application Outlook (Revenue, USD Billion, 2016 - 2027) • Autonomous Driving/ADAS • Body & Chassis • Powertrain and After-treatment • Infotainment & Connectivity • Others
Automotive ESO Service Outlook (Revenue, USD Billion, 2016 - 2027) • Designing • Prototyping • System Integration • Testing • Others Automotive ESO Location Outlook (Revenue, USD Billion, 2016 - 2027) • On-shore • Off-shore Automotive ESO Regional Outlook (Revenue, USD Billion; 2016 - 2027) • North America • U.S. • Canada • Mexico • Europe
• Germany • France • U.K. • Asia Pacific • China • India • Japan • South America • Brazil • Middle East & Africa Table of Contents:Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Automotive Engineering Services Outsourcing: Market Variables, Trends & Scope Chapter 4 Automotive Engineering Services Outsourcing: Product Estimates & Trend Analysis Chapter 5 Automotive Engineering Services Outsourcing: Application Estimates & Trend Analysis Chapter 6 Automotive Engineering Services Outsourcing: End-use Estimates & Trend Analysis Chapter 7 Automotive Engineering Services Outsourcing: Industrial End-use Estimates & Trend Analysis Chapter 8 Automotive Engineering Services Outsourcing: Regional Estimates & Trend Analysis Chapter 9 Competitive Landscape Chapter 10 Automotive Engineering Services Outsourcing: Manufacturers Company Profiles
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