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Automotive ESO Market Is Estimated To Reach Around Of $293.74 Billion By 2025: Grand View Research, Inc.

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Automotive ESO Market Is Estimated To Reach Around Of $293.74 Billion By 2025: Grand View Research, Inc.

July 22
22:14 2019
Automotive ESO Market Is Estimated To Reach Around Of $293.74 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a report published by Grand View Research, Most of the OEMs are collaborating with automotive ESO providers for designing, developing and testing new engines. This, in turn, is expected to drive the global Automotive ESO market.

The global automotive engineering services outsourcing (ESO) market size is expected to reach USD 293.74 billion by 2025, according to a new report by Grand View Research, Inc. 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.

U.S. automotive ESO market size, by type, 2014 - 2025 (USD Billion)

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.

Access Full Report & Insights Of The Automotive ESO Market: https://www.grandviewresearch.com/industry-analysis/automotive-engineering-services-outsourcing-eso-market

Key Takeaways from the report: 

  • 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 50.0% 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

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/5511/ibb

Table of Contents

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
                         4.7.1.1 Increased tie-ups between automotive OEMs and suppliers
                         4.7.1.2 Cost-effective labor at offshore locations
                     4.7.2 Market restraint analysis
                         4.7.2.1 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
Chapter 5 Market Categorization 1: Application Type Estimates & Trend Analysis
                 5.1 Automotive ESO Market: Application Type Analysis
                     5.1.1 Designing
                         5.1.1.1 Market estimates & forecasts by region, 2014 – 2025 (USD Billion)
                     5.1.2 Prototyping
                         5.1.2.1 Market estimates & forecasts by region, 2014 – 2025 (USD Billion)
                     5.1.3 System integration
                         5.1.3.1 Market estimates & forecasts by region, 2014 – 2025 (USD Billion)
                     5.1.4 Testing
                         5.1.4.1 Market estimates & forecasts by region, 2014 – 2025 (USD Billion)

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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