
Report ID: SQMIG45B2190
Report ID:
SQMIG45B2190 |
Region:
Global |
Published Date: February, 2025
Pages:
189
|
Tables:
93 |
Figures:
71
Global Automotive Engineering Services Outsourcing (ESO) market size was valued at USD 108.69 billion in 2023 and is poised to grow from USD 119.89 billion in 2024 to USD 262.66 billion by 2032, growing at a CAGR of 10.3% in the forecast period (2025-2032).
The rapid need of advanced and improved connectivity solutions from automotive manufacturing houses is creating global automotive engineering services outsourcing market growth opportunities. Moreover, demand for enhanced connectivity solutions such as navigation, smart infotainment, passenger safety, and remote diagnostics is enhancing market growth prospects. The growing technological skills of Engineering Service Providers (ESPs) in providing research and development (R&D) and product innovation in their offerings for vehicle positioning, connected automobiles, and guidance systems are expected to fuel the market growth. In addition, the increasing initiatives by governments to deploy green vehicles to reduce harmful gas discharges are also propelling the market growth. The automotive ESO industry developed from mechanical services provision to high-tech solutions integration, including Artificial Intelligence (AI), Internet of Things (IoT), and many others.
Due to the rapid integration of Information Technology (IT) in automobiles, advanced services rose with the achievement of commutation objectives and comfort, safety, and ease of use for consumers. The increasing trend of OEMs towards digitalized solutions is predicted to open doors for growth in the market. This is because end-users are gradually changing their paradigms toward more technological solutions. The ACES disruptions are a digitalized model adopted by key players in the market, allowing advanced mobility standards to improve consumer's interaction and experience with vehicles.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG45B2190