Global Automotive Engineering Services Outsourcing Market Size By Location, By Service, By Application, By Geographic Scope And Forecast
Automotive Engineering Services Outsourcing Market Size And Forecast
Automotive Engineering Services Outsourcing Market was valued at USD 62.22 Billion in 2019 and is projected to reach USD413.83 Billion by 2027, growing at a CAGR of26.8 % from 2020 to 2027.
Global Automotive Engineering Services Outsourcing Market Outlook
Rising technical capabilities of Engineering Service Providers (ESPs) to offer R;D and product innovation in their offerings for vehicle positioning, connected cars, and guidance systems are predicted to drive the market. Furthermore, the sudden shift in preferences of OEMs for digitized solutions over mechanical and core assistance is supposed to contribute to the markets overall revenue. The increasing importance of the automotive industry on manufacturing automobiles with five significant trends, namely, Electrified, Autonomous, Shared, Connected, and Yearly updated ('EASCY') is expected to provide opportunities to the ESO market players. Furthermore, modular outsourcing has also achieved prominence as the manufacturers are demanding standardized interfaces incorporated with self-contained operative units in their automobiles.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Automotive Engineering Services Outsourcing Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Automotive Engineering Services Outsourcing Market Competitive Landscape
The Global Automotive Engineering Services Outsourcing Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as AVL, Bertrandt, Edag Engineering Gmbh, Iav Gmbh, Horiba, Ltd., Altran, Fev Group, Mbtech Group Gmbh, Alten Gmbh, Kistler Instrumente AG, and Others.
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