Global Automotive Engineering Services Outsourcing Market to Reach US$ 221.79 Billion by 2027, Impelled by Significant Growth in Automotive Industry

September 16, 2022

According to the latest report by IMARC Group, titled "Automotive Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global automotive engineering services outsourcing market reached a value of US$ 80.75 Billion in 2021. Automotive engineering services outsourcing utilizes advanced technology and services, such as auto designing, system integration, testing, and designing, to produce new-age automotive engineering products at low costs with a competitive edge. It supports a variety of capabilities, such as designing the parts of a vehicle, working with a company's supply chain, and developing aftermarket support for engineering. Outsourcing services help with multiple tasks, including creating parts, dealing with a company's supply chain, and developing engineering aftermarket assistance. These services are required for starting the product design and development process by using various IT-based tools and databases. To follow the standards from conception to production, automotive companies outsource their projects for better output and time-saving. Consequently, it finds extensive applications in commercial, passenger, electric, and hybrid vehicles.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Automotive Engineering Services Outsourcing Market Trends:

The global market is majorly driven by significant growth in the automotive industry. The automotive engineering outsourcing services market is continually expanding due to increased vehicle production and the escalating demand for hybrid vehicles. Besides this, the rising demand for advanced and enhanced connectivity solutions by automotive manufacturers is positively influencing the market. Furthermore, the growing demand for improved connectivity solutions is favoring the market growth due to its ability to offer various services, such as navigation, smart infotainment, passenger safety, and remote diagnostics. In line with this, the diverse technological skills of Engineering Service Providers (ESPs) to deliver product innovations in their offerings for vehicle positioning, connected automobiles, and guidance systems are providing an impetus to the market. Moreover, the increasing initiatives by various governments to deploy green vehicles for reducing harmful gas discharges and the shifting inclination of Original Equipment Manufacturers (OEMs) toward digitalized solutions are offering numerous growth opportunities in the market. Additionally, the rapid integration of advanced technology solutions, such as Artificial Intelligence (AI) and the Internet of Things (IoT), is also creating a positive outlook for the market. On account of the aforementioned factors,?the market is anticipated to reach a value of US$ 221.79 Billion by 2027, exhibiting a CAGR of 17.60% during 2022-2027. 

Market Summary:

  • On the basis of the service, the market has been segmented into designing, prototyping, system integration, testing, and others.
  • Based on the vehicle type, the market has been divided into passenger and commercial vehicles.
  • On the basis of the location type, the market has been classified into on-shore and off-shore.
  • On the basis of the application, the market has been categorized into autonomous driving/ADAS, body and chassis, powertrain and after-treatment, infotainment and connectivity, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.?Some of the key players include 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Automotive Engineering Services Outsourcing Market to Reach US$ 221.79 Billion by 2027, Impelled by Significant Growth in Automotive Industry
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More