Automotive Engineering Services Outsourcing Market Report 2024-2032, Industry Growth Opportunity, and Forecast
IMARC Group’s latest research report, titled “Automotive Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the automotive engineering services outsourcing market report. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global automotive engineering services outsourcing market size reached US$ 113.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 436.5 Billion by 2032, exhibiting a growth rate (CAGR) of 15.9% during 2024-2032.
Automotive Engineering Services Outsourcing Market Trends:
The global automotive engineering services outsourcing (ESO) market is driven by the increasing complexity of automotive technologies and the need for cost optimization among vehicle manufacturers. With the growing demand for connected, autonomous, and electric vehicles (EVs), automotive companies are focusing on developing cutting-edge technologies such as advanced driver assistance systems (ADAS), in-vehicle infotainment, and vehicle electrification. This requires substantial investment in research and development, pushing OEMs (Original Equipment Manufacturers) to seek external expertise for specialized engineering services.
Additionally, the rapid evolution of regulatory standards, especially concerning vehicle emissions and safety, has prompted manufacturers to outsource engineering services to ensure compliance and to remain competitive. The outsourcing model allows companies to access specialized skills, reduce time-to-market, and manage resource constraints more efficiently, driving the overall growth of the automotive ESO market. Furthermore, the global shift towards electric and hybrid vehicles presents substantial opportunities for outsourced engineering firms to assist automakers in the transition from traditional internal combustion engine vehicles to more sustainable alternatives.
Request Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/automotive-engineering-services-outsourcing-market/requestsample
Top Automotive Engineering Services Outsourcing Companies Worldwide:
Altair Engineering Inc.
ALTEN Group
ASAP Holding GmbH
AVL List GmbH
Bertrandt AG
Capgemini SE
EDAG Engineering Group AG
FEV Group GmbH
Horiba Ltd.
IAV GmbH (Volkswagen AG)
P3 group GmbH
RLE INTERNATIONAL Group.
Automotive Engineering Services Outsourcing Market Scope & Growth Analysis:
The scope of the global automotive engineering services outsourcing market includes a wide range of services, such as product design and development, prototyping, testing, simulation, and systems integration. Automotive ESO providers are increasingly offering end-to-end solutions that encompass the entire vehicle development lifecycle, from concept design to manufacturing support. Market analysis indicates a growing demand for digital engineering services, with a focus on simulation, virtual testing, and digital twins, as automakers aim to enhance the efficiency and accuracy of their design and development processes.
The market is also witnessing a rise in strategic partnerships between OEMs and engineering service providers to co-develop innovative solutions, particularly in the areas of autonomous driving and EV technologies. Additionally, as automotive supply chains become more globalized, engineering service providers are expanding their presence in key automotive hubs across Europe, North America, and Asia-Pacific, further enhancing their capabilities and service offerings.
Do you know more information, Contact to our analyst at- https://www.imarcgroup.com/automotive-engineering-services-outsourcing-market
Key Market Segmentation:
Breakup by Service:
Designing
Prototyping
System Integration
Testing
Others
Prototyping exhibits a clear dominance in the market.
Breakup by Vehicle Type:
Passenger Vehicles
Commercial Vehicles
Breakup by Location Type:
On-shore
Off-shore
Breakup by Application:
Autonomous Driving/ADAS
Body and Chassis
Powertrain and After-treatment
Infotainment and Connectivity
Others
Powertrain and after-treatment exhibit a clear dominance in the market.
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Asia Pacific leads the market, accounting for the largest automotive engineering services outsourcing market share.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us: IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: [email'protected] Tel No:(D) +91 120 433 0800 United States: +1-631-791-1145
