Automotive Engineering Service Outsourcing Market Impressive Growth Rate 2021 | Growing Demand, Growth, Developments Strategy, Advanced Technology, Top Leading player & forecast
Global automotive engineering services outsourcing market size is projected to reach nearly USD 555.7 billion by 2028. In addition, the market is forecasted to grow a CAGR of above 27.8% over the forecast period of 2020-2028.
Dallas, United States – May 31, 2021 /MarketersMedia/ —
The global automotive market dynamics is witnessing a major focus of the industry on manufacturing automobiles integrated with the current market trends including the EASCY concept stating the incorporation of Electrified, Autonomous, Shared, Connected and Yearly updated. The EASCY concept is observed to anticipate massive expanse of opportunities particularly fort the ESO market. There is rise in technical capabilities attributed by the engineering service providers offering better research and development along with product innovation targeting vehicle positioning, connected cars and guidance systems which are the major driving factors boosting the growth of the global automotive engineering service outsourcing market. Along with this, the sudden shift and inclination of the Original Equipment Manufacturers (OEMs) preferring digitized solutions over the more conventional mechanical core assistance is also expected to considerable accelerate the revenue of the market.
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The global automotive engineering service outsourcing market has also gained momentum in the de-verticalization system targeted towards the vertically integrated business pattern focusing on desegregating services and functions. The de-verticalization system adopted by OEMs enables transferring designing aspects and product manufacturing aspects to the engineering service providers which is gaining the global automotive engineering market extensive market traction. In addition, the market offering modular outsourcing is a prominent factor driving the demand particularly from the manufacturers for standardized interfaces coupled with self-contained functional units integrated in automobiles. The emergence of the modular designs system has enabled several automotive OEMs to outsource complex and intricately designed self-contained modules along with the acquisition of services.
There is a surge in demand for the global automotive engineering service outsourcing particularly with growing modernization associated with higher technological aid such as digitization and autonomous systems. However, there is growing prevalence of OEMs avoiding procurement of services from the engineering service providers instead focusing on fabricating end-products on their own in-house at their main facilities owing to the higher complexities involved in engine design, transmission systems and powertrain design. Besides, the increasing concerns centering privacy and disclosure of intricate automobile designs along with intellectual property rights are instigating OEMs to opt for establishment of private manufacturing units which is considered to hamper the growth of the global automotive engineering services outsourcing market.
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Some Major Points form TOC:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Automotive Engineering Services Outsourcing Market by Application, 2018-2028 (USD Billion)
Chapter 6 Automotive Engineering Services Outsourcing Market by Service, 2018-2028 (USD Billion)
Chapter 7 Automotive Engineering Services Outsourcing Market by Location, 2018-2028 (USD Billion)
Chapter 8 Automotive Engineering Services Outsourcing Market by Region, 2018-2028 (USD Billion)
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
(Overview, Services and Service Portfolio, Recent Initiatives, Company Financials, SWOT)
10.1 Alten GmbH
10.2 Altran Technologies S.A.
10.3 HORIBA, Ltd.
10.4 Bertrandt
10.5 AVL List GmbH
10.6 EDAG ENGINEERING GMBH
10.7 IAV GMBH
10.8 FEV Group
10.9 MBTECH GROUP GMBH
10.10 KISTLER INSTRUMENTE AG
10.11 Other Key Players
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