Automotive Engineering Services Outsourcing (ESO) Market Overview
Automotive Engineering Services Outsourcing (ESO) market size was worth USD 84.9 Billion in 2022, witnessing a CAGR of 11.3% during the forecast period (2022-2030), and the market is expected to hit a valuation of around USD 199.9 Billion by 2030.
The automotive ESO business has progressed from providing mechanical maintenance to incorporating innovative technological solutions like as Artificial Intelligence (AI), the Internet of Things (IoT), and others. With the fast integration of Information Technology (IT) in vehicles, a growth in sophisticated services was observed, achieving commuting objectives while offering consumers with comfort, safety, and convenience of use.
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|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||199.9 Billion|
|By Application||Autonomous Driving/ADAS, Body & Chassis, Powertrain And After-Treatment, Infotainment & Connectivity, Others|
|By Service||Designing, Prototyping, System Integration, Testing, Others|
|By Location||On-shore, Off-shore|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]|
|Key Players||Alten GmbH, Altran Technologies S.A., HORIBA Ltd., Bertrandt, and AVL List GmbH|
We have conducted a 360-degree analysis of the Automotive Engineering Services Outsourcing (ESO) market. Approaches for both primary and secondary research. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030.
Automotive Engineering Services Outsourcing (ESO) Market Segmentation Analysis:-
• Autonomous Driving/ADAS
• Body & Chassis
• Powertrain And After-Treatment
• Infotainment & Connectivity
• System Integration
Global Automotive Engineering Services Outsourcing (ESO) Market Competitive Landscape:
The market research report on the Automotive Engineering Services Outsourcing (ESO) market comprises the compilation of quantitative and qualitative evaluations of the industry position. Additionally, the in-detailed analysis of the market trends adopted by the industry players and the macroeconomic indicators influencing the value chain of businesses provide a complete outlook of market circumstances. Thus, mentioned are the major industry players that make up the consolidated market concentration–
• Alten GmbH
• Altran Technologies S.A
• HORIBA Ltd.
• AVL List GmbH
With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and an all-encompassing picture of the market conditions in the projected period, the Automotive Engineering Services Outsourcing (ESO) Market Research Report keeps a close eye on the leading competitors. It is an expertly written, in-depth study that emphasises key and secondary drivers, market share, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises.
Overview of the market for Automotive Engineering Services Outsourcing (ESO) by region:
The market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on region (MEA). The North American continent is further divided into nations like the United States and Canada. Europe is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific make up the subregion of Asia Pacific. The MEA region is further separated into GCC, Turkey, South Africa, and Rest of MEA. The Latin America region is further divided into Brazil, Mexico, and Rest of Latin America.