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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Automotive Engineering Services Outsourcing (ESO): Global Market Analysis by Application, Location and Region - $293+ Billion Forecast to 2025 - ResearchAndMarkets.com

March 6, 2019

DUBLIN--(BUSINESS WIRE)--Mar 6, 2019--The “Automotive Engineering Services Outsourcing (ESO) Market Analysis Report By Application (Designing, Prototyping), By Location (On-shore, Off-shore), By Region, And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The global automotive engineering services outsourcing (ESO) market size is expected to reach USD 293.74 billion by 2025. The market is estimated to expand at a CAGR of 28.4% over the forecast period.

Original Equipment Manufacturers (OEMs) outsource core engineering, as well as allied, tasks to obtain highly-skilled and specialized services at a much cheaper cost. Earlier, automobile innovation was limited to R&D centers of OEMs.

However, the demand for automotive ESO services is rising significantly with growing technical capabilities of Engineering Service Providers (ESPs) to offer product innovation and automotive R&D in vehicle positioning, guidance systems, connected cars, and autonomous driving. The Asia Pacific region accounted for the largest market share in 2017 and is anticipated to continue this trend over the forecast period.

Owing to the availability of cost-effective labor in countries, such as Philippines, India, and China, major automobile OEMs are outsourcing manufacturing and allied activities to these destinations. Japan is one of the most prominent car manufacturers worldwide due to the presence of major auto manufacturers, such as Honda Motor Co., Ltd., Nissan Motor Corp., and Toyota Motor Corp. This has triggered the demand for automotive engineering services in the country, which is supporting the APAC regional growth.

Further key findings from the study suggest:

  • The prototyping application segment is projected to grow at a CAGR of 27.3% over the forecast period
  • By 2025, the on-shore segment is anticipated to account for around 50% of the total revenue generated by the automotive ESO market
  • The Asia Pacific region led the market in 2017 and is projected to account for the largest revenue share over the forecast period
  • Key companies in the market include AVL, AKKA, ATIPL Altran Technologies Ltd., ARRK Product Development Group Ltd., ASAP Holding GmbH, Bertrandt AG, EDAG Engineering GmbH, Horiba Ltd., ITK Engineering GmbH, M Plan GmbH, and RLE International Group
  • These companies are working toward providing a more comprehensive solution that caters to different requirements of their clients. For instance, recently, FEV Group developed a suite of services, making it a one-stop shop for the development, design, testing, and deployment of cybersecurity solutions and other connected vehicle technologies

Topics Covered

Chapter 1 Methodology and Scope

1.1 Research Methodology

1.2 Research Scope and Assumptions

1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Market Snapshot

3.1 Automotive Engineering Services Outsourcing - Industry Snapshot & Key Buying Criteria, 2014-2025

Chapter 4 Industry Outlook

4.1 Market Segmentation & Scope

4.2 Automotive Engineering Services Outsourcing Market Size and Growth Prospects

4.3 Outsourcing Classification

4.4 Automotive ESO - Value Chain Analysis

4.5 ESO Services Evolution

4.6 Changing Role & Participation of Automotive ESO Providers

4.6.1 Autonomous driving

4.6.2 Connected cars

4.6.3 Lightweight construction

4.6.4 Electric mobility

4.7 Automotive Engineering Services Outsourcing - Market Dynamics

4.7.1 Market driver analysis Increased tie-ups between automotive OEMs and suppliers Cost-effective labor at offshore locations

4.7.2 Market restraint analysis Developing R & D capabilities

4.8 Key Opportunities - Prioritized

4.9 Industry Analysis - Porter’s

4.10 Automotive Engineering Services Outsourcing - PEST Analysis

4.11 Automotive ESO - Key Competitor Analysis, 2016

5.1 Automotive ESO Market: Application Type Analysis

5.1.1 Designing

5.1.2 Prototyping

5.1.3 System integration

5.1.4 Testing

Chapter 6 Market Categorization 2: Location Type Estimates & Trend Analysis

6.1 Automotive ESO Market: Location Type Analysis

6.1.1 On-shore

6.1.2 Off-shore

Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis

7.1 Automotive ESO Market Share by Region, 2017 & 2025

7.2 North America

7.3 Europe

7.4 Asia Pacific

7.5 South America

7.6 Middle East & Africa (MEA)

Chapter 8 Competitive Landscape

8.1 AVL

8.2 Bertrandt

8.3 EDAG Engineering GmbH

8.4 IAV GmbH

8.5 HORIBA, Ltd.

8.6 Altran

8.7 FEV Group

8.8 MBtech Group GmbH

8.9 Alten GmbH

8.10 Kistler Instrumente AG

8.11 Altair Engineering, Inc.

8.12 Gigatronik

8.13 P3 Automotive GmbH

8.14 ESG Elektroniksystem- und Logistik-GmbH

8.15 RLE International Group

8.16 P+Z Engineering GmbH

8.17 M Plan GmbH

8.18 ASAP Holding GmbH

8.19 ITK Engineering GmbH

For more information about this report visit https://www.researchandmarkets.com/research/rffgnl/automotive?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190306005414/en/

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Related Topics:Automotive Manufacturing



SOURCE: Research and Markets

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