Automotive Engineering Services Outsourcing Market Revenue Is Projected To Reach USD 555.7 Bn By 2028. The industry is witnessing a large number of collaborations and joint ventures between suppliers and vendors of Asia Pacific and major global OEMs.
— The most significant driving factors boosting the growth of the automotive engineering services outsourcing market includes growing technical efficiency of engineering service providers enabling a quality focused offering of product innovation and R&D specifically target towards vehicle positioning, guidance systems and connected cars. Moreover, a significant shift of preferences inclining towards digitized solutions rather than mechanical solutions with core assistance is a contributing factor potentially boosting the growth of the automotive engineering services outsourcing market globally by achieving the revenue goals. The automotive industry is currently focused on the major market trends heavily influencing the manufacturing facilities include manufacturing automobiles well equipped with trends such as autonomous, electrified, shared, connected and yearly updated.
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Such incorporations of supremely advanced technologies are expected to augment the global growth of the automotive services outsourcing market. The array of applications successfully offered include body and chassis, autonomous driving/ADAS, infotainment and connectivity, powertrain and aftertreatment and others. The leading segment out of all the applications is the powertrain and aftertreatment segment accounting for largest market share major changes witnessed by the automotive industry In internal combustion engines owing to rising environmental concerns and adoption of techniques reducing carbon emission enhancing the scope for green powertrain technologies.
Followed by powertrain and aftertreatment the body and chassis segment also deliver a notable amount of revenue contribution with higher preferences towards adopting light weight chassis to achieve lesser fuel emissions. Ever-Increasing industrial inclination influenced by the trends towards green vehicles is also anticipated to drive the growth of the market. Besides, the infotainment and connectivity segment will project elevated growth rates. The automotive engineering services outsourcing market delivers services including prototyping, designing, testing, system integration and others with an exponential anticipated growth of the designing segment during the forecast period.
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The highest revenue share is attributed to the regions of Asia Pacific with countries like India and China majorly gaining by design outsourcing as a result of massive demand from Japan, Germany and U.S. with Brazil, Argentina and Colombia invested in the development of hybrid and electric vehicles along with government support the automotive engineering services outsourcing market I South America is expected to witness highest growth.
The major players of the global Automotive engineering services outsourcing market are Bertrandt; Altran Technologies S.A.; Alten GmbH; HORIBA, Ltd.; and AVL List GmbH. Moreover, the market comprises several other prominent players in the automotive engineering services outsourcing market as IAV GMBH, FEV Group, MBTECH GROUP GMBH, EDAG ENGINEERING GMBH, and KISTLER INSTRUMENTE AG. The Automotive engineering services outsourcing market consists of top, medium level and a number of domestic players in the global market. In addition to this, the well-established players in the industry have made various strategies and research & developments to compete with other players in the regional and global market.
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Key Segments of the Global Automotive Engineering Services Outsourcing Market
Application Overview, 2018-2028 (USD Billion)
• Autonomous Driving/ADAS
• Body & Chassis
• Powertrain and After-treatment
• Infotainment & Connectivity
Service Overview, 2018-2028 (USD Billion)
• System Integration
Location Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
• Rest of Europe
• Rest of Asia-Pacifia
Middle East and Africa
• South Africa
• Rest of Middle East and Africa
• Rest of South America
Reasons for the study
• The purpose of the study is to give an exhaustive outlook of the global automotive engineering services outsourcing market.
• Automotive engineering services outsourcing is widely used Autonomous Driving/ADAS, Body & Chassis owing to their excellent properties and the market is expected to gain traction over the coming years
• With the growing advancements, there is a rise in the demand for powertrain and after-treatment services outsourcing which is further expected to have a positive impact on the overall market growth
What does the report include?
• The study on the global automotive engineering services outsourcing market includes qualitative factors such as drivers, restraints, and opportunities
• The study covers the competitive landscape of existing/prospective players in the automotive engineering services outsourcing industry and their strategic initiatives for the Service development
• The study covers a qualitative and quantitative analysis of the market segmented based on Application and Service and Location. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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