Automotive engineering

Automotive Engineering Services Outsourcing Market to Reach

Dallas, TX, December 18, 2020 (GLOBE NEWSWIRE) – The “Automotive Engineering Services Outsourcing Market By Application (Autonomous Driving / Adas, Body & Chassis, Powertrain & After-Processing, Infotainment & Connectivity, and others), service (Design, prototyping, systems integration, testing and others), location (on-shore, off-shore) and region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) , Global Forecasts, 2018 to 2028 “The study provides an elaborate view of historical, present and forecasted market estimates.

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The global automotive engineering services outsourcing market size is expected to reach nearly USD 555.7 billion by 2028. In addition, the market is expected to grow at a CAGR of over 27.8% during the period of forecast 2020-2028. In order to drive the market, increasing partnership practices are needed between Original Equipment Manufacturers (OEMs) and Engineering Service Providers (ESPs) to harness cutting-edge technologies to improve performance, safety and improvements in autonomous driving. In addition, the adoption of stringent emission requirements for efficient fuel use is expected to result in demand for automotive ESOs.

The report also describes the various characteristics of the global Automotive Engineering Service Outsourcing industry by assessing the market from the value chain analysis. Moreover, the Automotive Engineering Services Outsourcing market report comprises various qualitative parts of the Automotive Engineering Services Outsourcing industry within the market restraints, critical industry drivers and opportunities. Further, the report provides a comprehensive assessment of the market through company profiling and competitiveness of local and global vendors.

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The automotive engineering services outsourcing market faces huge competition among the already well-known and new market players. In addition, automotive engineering services outsourcing industry players are looking for potential markets to gain a competitive edge among other industry players by forming mergers and acquisitions, deals, acquisitions and acquisitions. other companies and new startups, establishing collaborations and partnerships and developing their commercial existence.

In particular, cloud computing helps improve process management by transferring process monitoring and control to end users, regardless of time and place. The advent of three main technologies, namely blockchain, artificial reality, virtual reality (VR), augmented reality (AR) and Internet of things (IoT) and computer technologies, is also observed to reiterate the design and simulation of major automotive systems. , thus fueling the development of the industry.

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Companies, for their part, are strongly impacted by laws that focus on reducing CO2 emissions, improving monitoring practices and reducing noise pollution. Companies try to develop their product engineering in the same way that government regulations require. For example, in partnership with the National Highway Traffic Safety Administration (NHTSA), the United States Environmental Protection Agency (EPA) has developed a two-step standard, including the Phase 1 and Phase 2 models.

The main players in the global automotive engineering services outsourcing market are Bertrand; Altran Technologies SA; Alten GmbH; HORIBA, Ltd .; and AVL List GmbH. In addition, the market includes several other leading players in the automotive engineering services outsourcing market like IAV GMBH, FEV Group, MBTECH GROUP GMBH, EDAG ENGINEERING GMBH and KISTLER INSTRUMENTE AG. The automotive engineering services outsourcing market consists of leading, mid-level players and a number of domestic players in the global market. In addition to this, well-established industry players have developed various strategies and research and development to compete with other players in the regional and global market.

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Main points from the table of contents:
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

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