The global Automotive Engineering Services Outsourcing Market size is projected to touch USD 469.6 billion by the end of 2027, as per a new report released by Million Insights. 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.
Key Players:
Bertrandt, Altran Technologies S.A, AVL List GmbH, Alten GmbH and HORIBA, Ltd
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Market Synopsis of Automotive Engineering Services Outsourcing Market:
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 (2012-2016) 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.
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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