Home > Automotive > Automotive Services > Repair and Maintenance > Automotive Engineering Services Outsourcing Market

Automotive Engineering Services Outsourcing Market Trends

Report ID: GMI9662
Published Date: May 2024
Report Format: PDF

Download Free Sample

Automotive Engineering Services Outsourcing Market Trends

Growing adoption of autonomous vehicle technologies will be a prominent trend in the automotive ESO industry. From January 2023 to November 2023, Waymo, an American autonomous driving technology firm, reported that the company served more than 700,000 ride-hailing trips with public riders and no human driver.

The development of autonomous vehicles continues to drive demand for engineering projects focused on sensor integration, software development for sensing and decision-making, vehicle-to-anything (V2X) communication systems, and verification and testing of autonomous driving, thus favoring market growth.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive engineering services outsourcing reached USD 59.1 billion in 2023 and is set to witness 6% CAGR between 2024 and 2032, due to the growing focus on cost efficiency and rising emphasis on accessing specialized expertise and services.

The onshore segment is expected to cross USD 53 billion by 2032, owing to the rising collaboration and communication between client and service provider and highly skilled technical expertise.

Asia Pacific market held over 33% share in 2023, attributed to an abundance of highly skilled engineers, offering cost-effective solutions without compromising quality and increasing technological innovation and adoption.

AKKA Technologies, Altair Engineering Inc., Alten Group, Altran Technologies, ARRK Product Development Group, ASAP Holding GmbH, AVL List GmbH, Bertrandt AG and Capgemini SE.