Press release
Engineering Services Outsourcing in Automotive Market to Reach USD 132.20 Billion by 2032, Growing at a CAGR of 9.72%
The global ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐๐ข๐ง๐ (๐๐๐) ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ was valued at ๐๐๐ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ and is projected to surpass ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, growing at a ๐๐๐๐ ๐จ๐ ๐.๐๐%during the forecast period 2024-2032. The increasing adoption of electrification, autonomous driving, and digital transformation in the automotive sector is fueling the growth of outsourced engineering services.
๐๐๐๐ฎ๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ: -https://www.astuteanalytica.com/request-sample/engineering-services-outsourcing-in-automotive-market
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
Rise in Electric and Autonomous Vehicles
The increasing adoption of electric vehicles (EVs) and autonomous driving technologies is driving automakers to seek cost-effective and specialized engineering solutions. ESO providers offer expertise in software integration, AI-based vehicle control systems, and battery management solutions, accelerating vehicle development and innovation.
Focus on Cost Optimization and Efficiency
OEMs and Tier-1 suppliers are increasingly outsourcing R&D, design, prototyping, and testing services to engineering firms to reduce operational costs and shorten product development cycles. The trend of offshore outsourcing, especially to India, China, and Eastern Europe, is gaining traction due to cost advantages and skilled engineering talent.
Integration of Digital Technologies
The rapid digitalization of automotive engineering-including AI, IoT, 3D printing, and simulation software-is revolutionizing the way vehicles are designed and manufactured. ESO providers are playing a crucial role in integrating these digital solutions into vehicle electrification, connectivity, and safety systems.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
North America and Europe remain key regions for ESO in the automotive sector, driven by strong R&D investments and regulatory mandates for vehicle safety and emission standards.
Asia-Pacific (APAC) is witnessing exponential growth, with India and China emerging as global outsourcing hubs due to their vast talent pool and lower operational costs.
The Middle East, Africa, and South America are also seeing increasing demand for ESO services as automakers expand their global footprints.
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐ฎ๐ญ๐ฌ๐จ๐ฎ๐ซ๐๐ข๐ง๐ ๐ข๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ
North America
Altair Engineering Inc.
Cognizant Technology Solutions Corporation
Frost & Sullivan
Genpact
International Business Machines Corporation (IBM)
TekRevol
Other Prominent Players
Europe
Adecco Group AG (Akkodis)
ALTEN
Applus+ IDIADA
ARRK Product Development Group Ltd
Arobs
ASAP Holding GmbH
AVL List GmbH (AVL)
Bertrandt AG
Capgemini Engineering
Concise Software
EDAG Group
ESI Group
Ester Digital
HQSoftware
IAV GmbH
Intersog
Kistler Group
Lemberg Solutions
Magna Steyr GmbH & Co KG
Promwad
SEGULA Technologies Group
TietoEVRY
TรV SรD
Other Prominent Players
Asia Pacific (India)
Cyient
HCL Technologies
Infosys Limited
KPIT Technologies
L&T Technology Services (LTTS)
Sasken Technologies Limited
Tata Technologies Limited
Tech Mahindra
Wipro Limited
Other Prominent Players
๐๐๐๐๐ฌ๐ฌ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: -https://www.astuteanalytica.com/industry-report/engineering-services-outsourcing-in-automotive-market
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
By Service Type
Design and Engineering
Concept and detailed design
CAD modeling and drafting
Design optimization
Ergonomics and aesthetics
Prototyping
Rapid prototyping
3D printing
Virtual prototyping
Functional and aesthetic prototypes
Manufacturing Engineering
Process planning and optimization
Tooling and fixture design
Assembly line design
Quality control and assurance
Software Development
Embedded software development
Automotive application development
ADAS (Advanced Driver Assistance Systems) software
Infotainment system software
Testing and Validation
Component and system testing
Durability and reliability testing
NVH (Noise, Vibration, and Harshness) testing
Crash and safety testing
System Integration
Integration of mechanical, electrical, and software systems
Vehicle system architecture design
Integration of new technologies (e.g., electric and autonomous vehicles)
Consulting Services
Market analysis and strategy consulting
Regulatory compliance consulting
Sustainability and environmental impact consulting
By Location
On-Site
Onshore
Offshore
By Pricing Model
Staff Augmentation (FTE based)
Time and Materia
Fixed Price Projects
Services
Risk/Rewards
By Application
Powertrain Components
Engines
Transmission
Exhaust Systems
Others
Chassis and Suspension Systems
Suspension Components
Steering Systems
Brakes
Others
Body and Exterior Components
Body Panels
Lights
Aerodynamics
Others
Electronics and Connectivity
Infotainment Systems
ADAS Systems
Vehicle Connectivity
Others
Other Applications
By Vehicle Type
Commercial Vehicle
Off-Highway Vehicle
Passenger Vehicle
By Propulsion Type
Internal Combustion Engine
Electric Engine
By End User
Original Equipment Manufacturers (OEMs)
Tier 1 Suppliers
Aftermarket Service Providers
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐๐ง๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
Leading automotive ESO providers are investing in AI-driven automation, cloud-based simulation tools, and next-gen vehicle testing capabilities to stay ahead in the evolving market. The push toward sustainable mobility, stringent government regulations, and software-defined vehicles will further drive the demand for specialized engineering services.
As the automotive industry embraces digital transformation, Engineering Services Outsourcing is set to play a pivotal role in shaping the future of vehicle design, development, and manufacturing.
๐๐๐ญ ๐ข๐ง๐ฌ๐ข๐๐ ๐๐๐จ๐จ๐ฉ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐: -https://www.astuteanalytica.com/request-sample/engineering-services-outsourcing-in-automotive-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
Astute Analytica is a leading market research and consulting firm committed to providing organizations with actionable insights and data-driven strategies to thrive in dynamic markets. With a strong presence in both global and regional markets, we publish extensive industry reports, conduct targeted surveys, and offer custom consulting services tailored to meet specific client needs. Our expertise spans multiple sectors, including technology, healthcare, chemicals, manufacturing, energy, and more, making us a valuable partner for forward-thinking businesses.
๐๐๐ญ ๐ข๐ง ๐ญ๐จ๐ฎ๐๐ก ๐ฐ๐ข๐ญ๐ก ๐ฎ๐ฌ
Phone number: +18884296757
Email: sales@astuteanalytica.com
Visit our website: https://www.astuteanalytica.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Engineering Services Outsourcing in Automotive Market to Reach USD 132.20 Billion by 2032, Growing at a CAGR of 9.72% here
News-ID: 3868566 • Views: โฆ
More Releases from Astute Analytica
Gum grafting market is set to reach valuation of US$ 892.9 million by 2033 | Ast โฆ
Astute Analytica released an extensive market assessment report titled "Global Gum grafting market: Trends, Industry Competition Analysis, Revenue, and Forecast to 2033." This report offers a deep dive into the current landscape and future forecasts of this dynamic industry, providing valuable insights for stakeholders and industry participants.
The report thoroughly investigates the present and future scenarios of the global Gum grafting market. It highlights key trends and emerging opportunities while addressingโฆ
Hospitals infection therapeutics market is poised to reach US$ 14.7 billion by 2 โฆ
Astute Analytica released an extensive market assessment report titled "Global Hospital infection therapeutics market: Trends, Industry Competition Analysis, Revenue, and Forecast to 2033." This report offers a deep dive into the current landscape and future forecasts of this dynamic industry, providing valuable insights for stakeholders and industry participants.
The report thoroughly investigates the present and future scenarios of the global Hospital infection therapeutics market. It highlights key trends and emerging opportunitiesโฆ
Radiopharmaceuticals market is poised to attain valuation of US$ 13.4 billion by โฆ
Astute Analytica released an extensive market assessment report titled "Global Radiopharmaceuticals market: Trends, Industry Competition Analysis, Revenue, and Forecast to 2033." This report offers a deep dive into the current landscape and future forecasts of this dynamic industry, providing valuable insights for stakeholders and industry participants.
The report thoroughly investigates the present and future scenarios of the global Radiopharmaceuticals market. It highlights key trends and emerging opportunities while addressing challenges facedโฆ
Hospital supplies market size is set to expand beyond US$ 125.56 billion by 2033 โฆ
Astute Analytica released an extensive market assessment report titled "Global Hospital supplies market: Trends, Industry Competition Analysis, Revenue, and Forecast to 2033." This report offers a deep dive into the current landscape and future forecasts of this dynamic industry, providing valuable insights for stakeholders and industry participants.
The report thoroughly investigates the present and future scenarios of the global Hospital supplies market. It highlights key trends and emerging opportunities while addressingโฆ
More Releases for Engine
Global Vehicle Production Drives Growth In Vehicle Engine And Engine Parts Marke โฆ
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Vehicle Engine And Engine Parts Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size for vehicle engines and engine parts has seen substantial growth. Predictions point to an increase from $459.63 billion in 2024 to $493.89 billion inโฆ
Evolving Market Trends In The Vehicle Engine And Engine Parts Industry: Declinin โฆ
The Vehicle Engine And Engine Parts Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Vehicle Engine And Engine Parts Market Size During the Forecast Period?
The vehicle engine and engine parts market has experienced substantial growth in recent years. It is expectedโฆ
What's Driving the Vehicle Engine And Engine Parts Market 2025-2034: Global Vehi โฆ
What Are the Projections for the Size and Growth Rate of the Vehicle Engine And Engine Parts Market?
In recent times, the market size for vehicle engines and their parts has seen considerable growth. Projected growth indicates an increase from $459.63 billion in 2024 to $493.89 billion the following year, with a compound annual growth rate (CAGR) of 7.5%. Several factors contributed to this growth over the historical period, including theโฆ
What's Driving the Vehicle Engine And Engine Parts Market 2025-2034: Global Vehi โฆ
What Are the Projections for the Size and Growth Rate of the Vehicle Engine And Engine Parts Market?
In recent times, the market size for vehicle engines and their parts has seen considerable growth. Projected growth indicates an increase from $459.63 billion in 2024 to $493.89 billion the following year, with a compound annual growth rate (CAGR) of 7.5%. Several factors contributed to this growth over the historical period, including theโฆ
Global Aero-engine Market Study 2019-2025 by Segment (Piston Engine, Gas Turbine โฆ
MarketResearchNest Reports adds โGlobal Aero-engine Market Study 2015-2025, by Segment (Piston Engine, Gas Turbine Engine, Other Engine), by Market (Commercial Aircrafts, Military AircraftsGas Turbine Engine), by Company (Pratt & Whitney, GE, Rolls-Royce)โ new report to its research database. The report spread across 67 pages with multiple tables and figures in it.
Snapshot
An aero-engine or aircraft engine is the component of the propulsion system for an aircraft that generates mechanical power.โฆ
Aircraft Engine Fuel Systems Market Report 2018: Segmentation by Type (Jet Engin โฆ
Global Aircraft Engine Fuel Systems market research report provides company profile for Triumph Group, GKN Plc, Honeywell International, Zodiac Aerospace, Meggitt, Eaton Corporation, Parker Hannifin, United Technologies and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 toโฆ
