Automotive Engineering Services Outsourcing (ESO) Market Foresees The Market To Grow By 28% During 2021-2027

Posted On July 22, 2021     

The Global Automotive Engineering Services Outsourcing (ESO) Market CAGR is expected to be close to 28% from 2021 till the end of 2027 according to the newly published report by Value Market Research. The growing customer requirements and expectations from specialized IT and core automobile engineering services include connected cars, vehicle-to-vehicle, and vehicle-to-infrastructure communication is driving the market growth. Also, the growing demand for fuel-efficient vehicles and the increasingly stringent emission norms are also fuelling market growth. In addition, rising competition and reducing product lifecycle are also accelerating market growth. Though, original equipment manufacturers are collaborating with engineering services (ESO) are expected to drive the demand in upcoming years.

The automotive engineering is also known as automobile engineering, it’s a combination of mechanical, electrical and material science. Automotive engineering services outsourcing concerned with design, development, production and safety testing of vehicles including cars, trucks, motorcycles, scooter, and others.

"Global Automotive Engineering Services Outsourcing (ESO) Market Report By Application (Designing, Prototyping, System Integration, And Testing), Location (On-Shore And Off-Shore) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.

On the basis of application the market is segmented into Designing, Prototyping, System Integration, Testing, Others. By location the automotive engineering services outsourcing (ESO) market is categorised as On-Shore, Off-Shore. By vehicle type the automotive engineering services outsourcing (ESO) market is categorised as Passenger Vehicles, Commercial Vehicles. Based on propulsion type the automotive engineering services outsourcing (ESO) market is segmented as IC Engine, Electric Vehicles, Hybrid Vehicles. By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Automotive Engineering Services Outsourcing (ESO) is the dominating region. The data tables in this section depict the market estimate by market segment.

The Report Segments Global Automotive Engineering Services Outsourcing (ESO) Market -
By Application

  • Designing
  • Prototyping
  • System Integration
  • Testing
  • Others

By Location

  • On-Shore
  • Off-Shore

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

By Propulsion Type

  • IC Engine
  • Electric Vehicles
  • Hybrid Vehicles

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Players Profiled In the Report:
Bertrandt, Altran, EDAG, Tata Technologies, TCS, Alten, Akka Technologies, Assystem, KPIT, and L&T TS.

Download the FREE SAMPLE of Global Automotive Engineering Services Outsourcing (ESO) Market Research Report

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