Industry Size, Top Manufacturers Analysis, Growth and Forecast 2023-2028 – Hometown Pages

IMARC Group’s latest research report, titled “Automotive Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global automotive engineering services outsourcing market size reached US$ 96.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 257.9 Billion by 2028, exhibiting a growth rate (CAGR) of 17.1% during 2023-2028.

Automotive Engineering Services Outsourcing Market Overview:

Automotive engineering services outsourcing (AESO) is the practice of outsourcing engineering tasks in the automotive industry to specialized service providers who offer a range of services to assist in vehicle design, development, testing, and manufacturing. AESO providers offer specialized expertise in automotive design, development, testing, and manufacturing, and providing cost efficiency through outsourcing. The outsourcing process involves the automotive company communicating its engineering requirements, followed by the AESO provider designing, developing, testing, validating, certifying, and optionally providing manufacturing support for automotive components or systems. Additionally, AESO helps in flexible resource allocation, access to advanced engineering technology, and adherence to industry regulations and standards.

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Global Automotive Engineering Services Outsourcing Market Trends:

The global market is primarily driven by the rising need for optimizing costs in large and small-scale automotive companies. In line with this, an enhanced focus on core competencies, such as design and branding by the companies is resulting in a higher uptake of outsourcing services. Moreover, the easy access to diverse global talent pool of skilled engineers and domain experts possessing in-depth knowledge of automotive technologies and market trends is fueling the market. In addition to this, the augmenting demand for reduced product development timelines and faster time-to-market for automotive products is impacting the market positively. Some of the other factors contributing to the market include rising sales of automobiles, rising digital transformation in the automotive industry, and strategic partnerships among automotive companies and engineering service providers.

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Key Market Segmentation:

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

Breakup by Service:

  • Designing
  • Prototyping
  • System Integration
  • Testing
  • Others

Breakup by Vehicle Type:

  • Passenger Vehicles
  • Commercial Vehicles

Breakup by Location Type:

Breakup by Application:

  • Autonomous Driving/ADAS
  • Body and Chassis
  • Powertrain and After-treatment
  • Infotainment and Connectivity
  • Others

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)

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.

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Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800


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