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
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Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 93.8 Billion |
Forecasted Market Value ( USD | $ 544 Billion |
Compound Annual Growth Rate | 28.5% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
A selection of companies mentioned in this report includes:
- Altair Engineering, Inc.
- Alten Gmbh
- Altran
- Asap Holding Gmbh
- Avl
- Bertrandt
- Edag Engineering Gmbh
- Esg Elektroniksystem- Und Logistik-Gmbh
- Fev Group
- Gigatronik