Automotive Engineering Services Outsourcing (ESO) Market Size, Share, Growth, Analysis, Trends and Forecast 2023 - 2030

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
Automotive Engineering Services Outsourcing (ESO) Market is expected to grow from US$ 77.3 billion in 2022 to US$ 155.9 billion by 2029, at a CAGR of 10.27% during the forecast period.
The growth of the market is attributed to the increasing demand for automotive engineering services from OEMs and component suppliers, in order to reduce costs, improve efficiency, and access cutting-edge technology.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞
AVL List GmbH, Bertrandt, IAV GmbH, EDAG Group, FEV Group, Cognizant, Capgemini, AKKA Technologies, Alten, RLE International Group, HCL Technologies, CAERI, Tech Mahindra Limited, ASAP Holding GmbH, FERCHAU, ARRK Engineering, in-tech, Horiba, and ITK Engineering.

The key players in the market are focusing on expanding their global reach and developing new capabilities to meet the growing demand for automotive engineering services.

𝐆𝐞𝐭 𝐀𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐓𝐡𝐢𝐬 𝐋𝐢𝐧𝐤 (𝐆𝐞𝐭 𝐭𝐡𝐞 𝐇𝐢𝐠𝐡𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐄𝐦𝐚𝐢𝐥 𝐈𝐃):
https://www.pragmamarketresearch.com/reports/120746/automotive-engineering-services-outsourcing-market-size/inquiry?UTM=OPR23

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐚𝐧𝐝 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐟𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭:
Market Driver:
1. Increasing complexity of vehicles: Vehicles are becoming increasingly complex, with new technologies such as electric vehicles, autonomous vehicles, and connected vehicles being developed. This complexity is driving the need for specialized expertise in automotive engineering, which many OEMs and component suppliers do not have in-house.
2. Rising demand for electric vehicles and autonomous vehicles: Electric vehicles and autonomous vehicles require new engineering skills and capabilities. OEMs and component suppliers are outsourcing the development of these vehicles to ESO providers in order to gain access to the necessary expertise and capabilities.
3. Need to reduce costs and improve efficiency: Automotive companies are constantly looking for ways to reduce costs and improve efficiency. ESO providers can help automotive companies to achieve these goals by providing them with access to a global pool of skilled engineers at a lower cost than it would cost to hire and maintain an in-house engineering team.
4. Growing availability of skilled engineers in low-cost countries: There is a growing availability of skilled engineers in low-cost countries such as India and China. This is making it more attractive for automotive companies to outsource their engineering needs to these countries

Market Opportunity:
1. Expansion into new markets: ESO providers can expand into new markets such as the electric vehicle market and the autonomous vehicle market. These markets are expected to grow significantly in the coming years, and ESO providers can capitalize on this growth by offering their services to companies in these markets.
2. Development of new capabilities: ESO providers can develop new capabilities to meet the growing demand for new technologies in the automotive industry. For example, ESO providers can develop capabilities in the areas of electric vehicle engineering, autonomous vehicle engineering, and connected vehicle engineering.
3. Formation of partnerships: ESO providers can form partnerships with OEMs, component suppliers, and other companies in the automotive industry. These partnerships can help ESO providers to gain access to new customers and markets, and to develop new products and services.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.

𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐛𝐲 𝐭𝐲𝐩𝐞, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧.
By type, the market is segmented into
• Designing,
• Prototyping,
• System Integration,
• Testing,
• Others.
The designing segment is expected to account for the largest share of the market during the forecast period, due to the increasing complexity of vehicles and the rising demand for new vehicle models.

By application, the market is segmented into
• OEMs
• Component Suppliers.
• Other
The OEMs segment is expected to account for the larger share of the market during the forecast period, due to the growing demand for electric vehicles and autonomous vehicles.

The report summarizes all the information collected and serves the customers requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.pragmamarketresearch.com/reports/120746/automotive-engineering-services-outsourcing-market-size/inquiry?UTM=OPR23

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐎𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
The market is segmented into
• North America,
• Europe,
• Asia-Pacific,
• Latin America,
• and Middle East & Africa.
North American market for Automotive Engineering Services Outsourcing (ESO) was valued at $ 18,876.67 million in 2022 and will reach $ 35,939.71 million by 2029, at a CAGR of 9.46% during the forecast period of 2023 through 2029.

Asia-Pacific market for Automotive Engineering Services Outsourcing (ESO) was valued at $ 32,784.99 million in 2022 and will reach $ 71,405.29 million by 2029, at a CAGR of 11.40% during the forecast period of 2023 through 2029.

Europe market for Automotive Engineering Services Outsourcing (ESO) was valued at $ 19,950.65 million in 2022 and will reach $ 35,882.60 million by 2029, at a CAGR of 8.50% during the forecast period of 2023 through 2029.

𝐂𝐨𝐫𝐞 𝐂𝐡𝐚𝐩𝐭𝐞𝐫𝐬 𝐟𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Automotive Engineering Services Outsourcing (ESO) companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion.

𝐓𝐨 𝐊𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 (𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧, 𝐓𝐎𝐂 𝐚𝐧𝐝 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) -https://www.pragmamarketresearch.com/reports/120746/automotive-engineering-services-outsourcing-market-size?UTM=OPR23

𝐓𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐩𝐫𝐢𝐦𝐚𝐫𝐢𝐥𝐲 𝐟𝐨𝐜𝐮𝐬𝐞𝐝 𝐨𝐧 𝐚𝐜𝐡𝐢𝐞𝐯𝐢𝐧𝐠...
• To provide a comprehensive overview of the industry
• To analyse the factors affecting the growth of the Automotive Engineering Services Outsourcing (ESO) Market.
• To present past and future earnings of the market segments globally
• To conduct a regional-level examination of the market and its current size and prospects
• To study the market by product type and research methodologies
• To profile key players in the market and assess their strengths and competitive structure.
• To track the competitive advancements in the global Automotive Engineering Services Outsourcing (ESO) Market.

𝐖𝐡𝐲 𝐘𝐨𝐮 𝐒𝐡𝐨𝐮𝐥𝐝 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭
• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
• Besides the standard structure reports, we also provide custom research according to specific requirements.
Overall, the automotive engineering services outsourcing market is a growing market with a number of opportunities for growth. ESO providers that are able to capitalize on the growth factors and opportunities in the market will be well-positioned for success in the coming years.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.pragmamarketresearch.com/buy/120746?type=su&UTM=OPR23

The report is a valuable source of information for companies and individuals interested in the market and provides an in-depth knowledge of the market. The table of contents includes chapters on industry overview, global competition, production market analysis, sales, consumption, export, import by regions, market analysis by region, company profiles, market forecast, and conclusions.

𝐍𝐨𝐭𝐞:
- Custom research reports can be available upon request.
- If you wish to request a discount, please refer to the discount link on our website or send an email to sales@pragmamarketresearch.com.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: 𝐓𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐛𝐲 𝐏𝐫𝐚𝐠𝐦𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
Global Automotive Digital Multifunctional Instrument Panel Market Size, Share, Growth, Analysis, Trends and Forecast - 2029 - https://www.pragmamarketresearch.com/reports/120706/global-automotive-digital-multifunctional-instrument-panel-market-size-share-growth-analysis-trends-and-forecast-2029?UTM=OPR23

Global Automotive Isolated Gate Driver Market Size, Share, Growth, Analysis, Trends and Forecast - 2029 - https://www.pragmamarketresearch.com/reports/120654/global-automotive-isolated-gate-driver-market-size-share-growth-analysis-trends-and-forecast-2029?UTM=OPR23

Global Automotive High Precision Positioning Market Size, Share, Growth, Analysis, Trends and Forecast - 2029 - https://www.pragmamarketresearch.com/reports/120628/global-automotive-high-precision-positioning-market-size-share-growth-analysis-trends-and-forecast-2029?UTM=OPR23

Pragma Market Research,
Office No. 502, Prestige Point, Pune -411058
+1 425 230 0999
sales@pragmamarketresearch.com

Pragma Market Research is a dynamic market research and consulting firm with experienced analysts in various industries. Our industries of expertise include Medical Devices, Pharmaceuticals, Semiconductors, Machinery, Information and Communication Technology, Automobiles, Chemicals and Materials, Packaging, Food and Beverages, Specialty Chemicals, Fast Moving Consumer Goods, and more.

This release was published on openPR.