Automotive Engineering Services Outsourcing (ESO): Global Strategic Business Report

Global Automotive Engineering Services Outsourcing (ESO) Market to Reach $544 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Engineering Services Outsourcing (ESO) estimated at US$93.8 Billion in the year 2020, is projected to reach a revised size of US$544 Billion by 2027, growing at a CAGR of 28.6% over the analysis period 2020-2027. Prototyping, one of the segments analyzed in the report, is projected to record a 30% CAGR and reach US$184.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Designing segment is readjusted to a revised 31.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $27.4 Billion, While China is Forecast to Grow at 27.8% CAGR

The Automotive Engineering Services Outsourcing (ESO) market in the U.S. is estimated at US$27.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$93.8 Billion by the year 2027 trailing a CAGR of 27.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.7% and 24.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.7% CAGR.

System Integration Segment to Record 27.8% CAGR

In the global System Integration segment, USA, Canada, Japan, China and Europe will drive the 27.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.9 Billion in the year 2020 will reach a projected size of US$71.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 41 Featured) -

• Altair Engineering, Inc.
• Alten Gmbh
• Altran
• Asap Holding Gmbh
• Avl
• Bertrandt
• Edag Engineering Gmbh
• Esg Elektroniksystem- Und Logistik-Gmbh
• Fev Group
• Gigatronik

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year