The key players in the automotive engineering services outsourcing (ESO) market includes Alten SA, Altran Technologies Limited, AVL, ESG Elektroniksystem- und Logistik-GmbH, ITK Engineering GmbH, M Plan GmbH, and P3 Automotive GmbH.
The growing customer requirements and expectations from specialized IT and core automobile engineering services include connected cars, vehicle-to-vehicle, and vehicle-to-infrastructure communication is driving the market growth. Also, the growing demand for fuel-efficient vehicles and the increasingly stringent emission norms are also fuelling market growth. In addition, rising competition and reducing product lifecycle are also accelerating market growth. Though, original equipment manufacturers are collaborating with engineering services (ESO) are expected to drive the demand in upcoming years.
The broad automotive engineering services outsourcing (ESO) market has been sub-grouped into application and location. current and forecast demand for automotive engineering services outsourcing (ESO) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product
- Designing
- Prototyping
- System Integration
- Testing
By Application
- On-Shore
- Off-Shore
Source: https://www.valuemarketresearch.com/report/automotive-engineering-services-outsourcing-eso-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.