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PUBLISHER: IMARC | PRODUCT CODE: 1291443
PUBLISHER: IMARC | PRODUCT CODE: 1291443
Automotive Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global automotive engineering services outsourcing market size reached US$ 96.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 257.9 Billion by 2028, exhibiting a growth rate (CAGR) of 17.1% during 2023-2028.
Automotive engineering services outsourcing refers to the process of hiring various non-physical engineering functions, such as design, prototyping, system integration, and testing, from an external source. They support a variety of capabilities, such as production, designing the parts of the vehicle, and safety testing. These services utilize various technological tools and mathematical models and are usually required at the early stages of the product design and development processes. Automotive engineering services outsourcing assists in reducing overall labor costs, increasing efficiency and flexibility, and reducing time. As a result, these services are widely employed in commercial, passenger, electric and hybrid vehicles (EVs/HVs).
Automotive Engineering Services Outsourcing Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Automotive engineering services outsourcing helps in enhancing the overall efficiencies of the production processes and assists in producing automobile parts, dealing with a company's supply chain, and developing engineering aftermarket assistance. Moreover, the widespread utilization of engineering systems, such as computer-aided engineering (CAE) and computer-aided design (CAD) software that assists in advanced surfacing and handling aesthetic issues, are favoring the market growth. Apart from this, various advancements in technology, such as the integration of the Internet of Things (IoT), robotics and artificial intelligence (AI) solutions for improving modeling and detailing of products, are providing an impetus to the market growth. Additionally, the introduction of highly complex designs with the production of energy-efficient and environmentally sustainable vehicle is positively impacting the market growth. Other factors, including increasing automation and adoption of integrated solutions, extensive research and development (R&D) activities, and the implementation of various government initiatives supporting the development of EVs and HVs, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive engineering services outsourcing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service, vehicle type, location type and application.
Breakup by Service:
- Designing
- Prototyping
- System Integration
- Testing
- Others
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Breakup by Location Type:
- On-shore
- Off-shore
Breakup by Application:
- Autonomous Driving/ADAS
- Body and Chassis
- Powertrain and After-treatment
- Infotainment and Connectivity
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Altair Engineering Inc., ALTEN Group, ASAP Holding GmbH, AVL List GmbH, Bertrandt AG, Capgemini SE, EDAG Engineering Group AG, FEV Group GmbH, Horiba Ltd., IAV GmbH (Volkswagen AG), P3 group GmbH and RLE INTERNATIONAL Group.
Key Questions Answered in This Report:
- What was the size of the global automotive engineering services outsourcing market in 2022?
- What is the expected growth rate of the global automotive engineering services outsourcing market during 2023-2028?
- What has been the impact of COVID-19 on the global automotive engineering services outsourcing market?
- What are the key factors driving the global automotive engineering services outsourcing market?
- What is the breakup of the global automotive engineering services outsourcing market based on the service?
- What is the breakup of the global automotive engineering services outsourcing market based on the application?
- What are the key regions in the global automotive engineering services outsourcing market?
- Who are the key players/companies in the global automotive engineering services outsourcing market?
Product Code: SR112023A5736
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Engineering Services Outsourcing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Service
- 6.1 Designing
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Prototyping
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 System Integration
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Testing
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Vehicle Type
- 7.1 Passenger Vehicles
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial Vehicles
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Location Type
- 8.1 On-shore
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Off-shore
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Application
- 9.1 Autonomous Driving/ADAS
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Body and Chassis
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Powertrain and After-treatment
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Infotainment and Connectivity
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Altair Engineering Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 ALTEN Group
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 ASAP Holding GmbH
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 AVL List GmbH
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Bertrandt AG
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Capgemini SE
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 EDAG Engineering Group AG
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 FEV Group GmbH
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Horiba Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 IAV GmbH (Volkswagen AG)
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 P3 group GmbH
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 RLE INTERNATIONAL Group
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Altair Engineering Inc.
Product Code: SR112023A5736
List of Figures
- Figure 1: Global: Automotive Engineering Services Outsourcing Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Engineering Services Outsourcing Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive Engineering Services Outsourcing Market: Breakup by Service (in %), 2022
- Figure 5: Global: Automotive Engineering Services Outsourcing Market: Breakup by Vehicle Type (in %), 2022
- Figure 6: Global: Automotive Engineering Services Outsourcing Market: Breakup by Location Type (in %), 2022
- Figure 7: Global: Automotive Engineering Services Outsourcing Market: Breakup by Application (in %), 2022
- Figure 8: Global: Automotive Engineering Services Outsourcing Market: Breakup by Region (in %), 2022
- Figure 9: Global: Automotive Engineering Services Outsourcing (Designing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Automotive Engineering Services Outsourcing (Designing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Automotive Engineering Services Outsourcing (Prototyping) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Automotive Engineering Services Outsourcing (Prototyping) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Automotive Engineering Services Outsourcing (System Integration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Automotive Engineering Services Outsourcing (System Integration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Automotive Engineering Services Outsourcing (Testing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Automotive Engineering Services Outsourcing (Testing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Automotive Engineering Services Outsourcing (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Automotive Engineering Services Outsourcing (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Automotive Engineering Services Outsourcing (Passenger Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Automotive Engineering Services Outsourcing (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Automotive Engineering Services Outsourcing (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Automotive Engineering Services Outsourcing (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Automotive Engineering Services Outsourcing (On-shore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Automotive Engineering Services Outsourcing (On-shore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Automotive Engineering Services Outsourcing (Off-shore) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Automotive Engineering Services Outsourcing (Off-shore) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Automotive Engineering Services Outsourcing (Autonomous Driving/ADAS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Automotive Engineering Services Outsourcing (Autonomous Driving/ADAS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Automotive Engineering Services Outsourcing (Body and Chassis) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Automotive Engineering Services Outsourcing (Body and Chassis) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Automotive Engineering Services Outsourcing (Powertrain and After-treatment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Automotive Engineering Services Outsourcing (Powertrain and After-treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Automotive Engineering Services Outsourcing (Infotainment and Connectivity) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Automotive Engineering Services Outsourcing (Infotainment and Connectivity) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Automotive Engineering Services Outsourcing (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Automotive Engineering Services Outsourcing (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia-Pacific: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia-Pacific: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: Automotive Engineering Services Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: Automotive Engineering Services Outsourcing Market: Breakup by Country (in %), 2022
- Figure 85: Middle East and Africa: Automotive Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Global: Automotive Engineering Services Outsourcing Industry: SWOT Analysis
- Figure 87: Global: Automotive Engineering Services Outsourcing Industry: Value Chain Analysis
- Figure 88: Global: Automotive Engineering Services Outsourcing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Engineering Services Outsourcing Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Engineering Services Outsourcing Market Forecast: Breakup by Service (in Million US$), 2023-2028
- Table 3: Global: Automotive Engineering Services Outsourcing Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 4: Global: Automotive Engineering Services Outsourcing Market Forecast: Breakup by Location Type (in Million US$), 2023-2028
- Table 5: Global: Automotive Engineering Services Outsourcing Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Automotive Engineering Services Outsourcing Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Automotive Engineering Services Outsourcing Market: Competitive Structure
- Table 8: Global: Automotive Engineering Services Outsourcing Market: Key Players
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