The report on the Automotive Engineering Services Outsourcing market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the most important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely upon before investing. It furnishes with an affordable examination of the marketplace for better decision-making and assessment to place resources into it. The report analyses the weather and an entire detailed outlook of the most players that are likely to feature to the demand within the global Automotive Engineering Services Outsourcing market within the upcoming years.
The market study additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the manufacturers and firms to contribute to Automotive Engineering Services Outsourcing market growth. A number of the foremost conspicuous measures taken by the organizations are partnerships, mergers & acquisitions, and collaborations to increase their overall reach. The key players are likewise presenting newer product varieties within the market to enhance the merchandise portfolio by embracing the new innovation and completing it in their enterprise.
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The global automotive engineering services outsourcing market size is projected to touch USD 469.6 billion by the end of 2027, as per a new report released by Million Insights. The market is predicted to register a CAGR of over 27% over the forecast duration. Increasing collaboration between ESPs and OEMs for leveraging innovative technologies to ensure enhancement, safety and autonomous driving are driving the market growth. In addition, stringent rules pertaining to reduction of vehicular emission is estimated to bode well for the growth of the market.
Technical advancements such as shared mobility, electrification and self-driving have changed the dynamics of automotive in the recent past. In addition, the introduction of various software-based solutions such as ADAS, in-vehicle infotainment, connectivity and powertrain engineering is estimated to offer a lucrative opportunity for the market players.
Cloud computing has helped in enhancing automation processes and control irrespective of location and time. In addition, the introduction of new technologies such as AI, VR, AR and IoT are estimated to transform the design of the automobile, thus, supplementing the market growth.
In addition, companies are greatly influenced by stringent regulations that are aimed at reducing noise pollution and CO2 emission along with enhancing testing procedure. For example, the Environmental Protection Agency (EPA) has partnered with the National Highway Traffic Safety Administration (NHTSA) to establish two standards. Phase-1 (2012-2016) was aimed at minimizing greenhouse gas emission and improving fuel economy, while phase-2 (2018-2025) focuses on establishing a combined fuel economy of 40.3 to 41.0 mpg by the end of 2021.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Automotive Engineering Services Outsourcing: Market Variables, Trends & Scope
Chapter 4 Automotive Engineering Services Outsourcing: Product Estimates & Trend Analysis
Chapter 5 Automotive Engineering Services Outsourcing: Application Estimates & Trend Analysis
Chapter 6 Automotive Engineering Services Outsourcing: End-use Estimates & Trend Analysis
Chapter 7 Automotive Engineering Services Outsourcing: Industrial End-use Estimates & Trend Analysis
Chapter 8 Automotive Engineering Services Outsourcing: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Automotive Engineering Services Outsourcing: Manufacturers Company Profiles
Top Key Players of Automotive Engineering Services Outsourcing Market:
Alten GmbH, Bertrandt, Infosys Ltd., Altran Technologies S.A, and HORIBA
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