The Asia Pacific Automotive Engineering Services Outsourcing Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).
Engineering organizations are fast shifting toward outsourcing, whether it's to save costs, enhance efficiency, or boost capabilities. Companies often outsource engineering services because they lack the necessary internal expertise, have a pressing need to speed up delivery, seek flexibility, or have a restricted budget. Engineering companies now outsource to satisfy several business needs, not just one.
When engineering services are outsourced to India, one might get a number of advantages that will help the organization. Not all advantages of outsourcing are related to lower hourly rates. One of the key advantages of outsourcing engineering services is that there are fewer costs associated with keeping the internal team, no additional administrative fees, no training charges, and no overhead expenses. Through outsourcing, you may direct your important time and effort into your main line of business.
The Pacific region has dominated the electric vehicle market due to rising EV sales, notably in China. Local interests are supported by goals of public policy, constructive regulations, and concerns about neighborhood air quality. In order to encourage inhabitants to switch to electric cars, Beijing only issues a few enrollments permits for burning motor vehicles each year. Increasing environmental concerns (caused by rising exhaust emissions), the implementation of strict fuel economy and stringent emissions standards, and an abundance of government support in the form of subsidies and benefits to accelerate the e-mobility adoption and consider replacing heavy-duty diesel and gasoline-powered cars with zero-emission electric vehicles are a few of the major trends of the regional market.
The China market dominated the Asia Pacific Automotive Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,984.2 million by 2028. The Japan market is anticipated to grow at a CAGR of 9.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 11.3% during (2022 - 2028).
Based on Application, the market is segmented into Powertrain & After-treatment, Body & Chassis, Infotainment & Connectivity, Autonomous Driving/ADAS and Others. Based on Location, the market is segmented into On-shore and Off-shore. Based on Service, the market is segmented into Prototyping, System Integration, Testing, Designing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AKKA Technologies SE (Adecco Group AG) update parent company, Altair Engineering, Inc., ALTEN, AVL List GmbH, Horiba Ltd., Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), Tech Mahindra Limited, FEV Group GmbH, and RLE International Group.
Engineering organizations are fast shifting toward outsourcing, whether it's to save costs, enhance efficiency, or boost capabilities. Companies often outsource engineering services because they lack the necessary internal expertise, have a pressing need to speed up delivery, seek flexibility, or have a restricted budget. Engineering companies now outsource to satisfy several business needs, not just one.
When engineering services are outsourced to India, one might get a number of advantages that will help the organization. Not all advantages of outsourcing are related to lower hourly rates. One of the key advantages of outsourcing engineering services is that there are fewer costs associated with keeping the internal team, no additional administrative fees, no training charges, and no overhead expenses. Through outsourcing, you may direct your important time and effort into your main line of business.
The Pacific region has dominated the electric vehicle market due to rising EV sales, notably in China. Local interests are supported by goals of public policy, constructive regulations, and concerns about neighborhood air quality. In order to encourage inhabitants to switch to electric cars, Beijing only issues a few enrollments permits for burning motor vehicles each year. Increasing environmental concerns (caused by rising exhaust emissions), the implementation of strict fuel economy and stringent emissions standards, and an abundance of government support in the form of subsidies and benefits to accelerate the e-mobility adoption and consider replacing heavy-duty diesel and gasoline-powered cars with zero-emission electric vehicles are a few of the major trends of the regional market.
The China market dominated the Asia Pacific Automotive Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,984.2 million by 2028. The Japan market is anticipated to grow at a CAGR of 9.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 11.3% during (2022 - 2028).
Based on Application, the market is segmented into Powertrain & After-treatment, Body & Chassis, Infotainment & Connectivity, Autonomous Driving/ADAS and Others. Based on Location, the market is segmented into On-shore and Off-shore. Based on Service, the market is segmented into Prototyping, System Integration, Testing, Designing and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AKKA Technologies SE (Adecco Group AG) update parent company, Altair Engineering, Inc., ALTEN, AVL List GmbH, Horiba Ltd., Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), Tech Mahindra Limited, FEV Group GmbH, and RLE International Group.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Powertrain & After-treatment
- Body & Chassis
- Infotainment & Connectivity
- Autonomous Driving/ADAS
- Others
By Location
- On-shore
- Off-shore
By Service
- Prototyping
- System Integration
- Testing
- Designing
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- AKKA Technologies SE (Adecco Group AG) update parent company
- Altair Engineering, Inc
- ALTEN
- AVL List GmbH
- Horiba Ltd
- Capgemini SE
- HCL Technologies Ltd. (HCL Enterprises)
- Tech Mahindra Limited
- FEV Group GmbH
- RLE International Group
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Engineering Services Outsourcing Market, by Application
1.4.2 Asia Pacific Automotive Engineering Services Outsourcing Market, by Location
1.4.3 Asia Pacific Automotive Engineering Services Outsourcing Market, by Service
1.4.4 Asia Pacific Automotive Engineering Services Outsourcing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Business and Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers : 2021, Nov - 2022, Jun) Leading Players
Chapter 4. Asia Pacific Automotive Engineering Services Outsourcing Market by Application
4.1 Asia Pacific Powertrain & After-treatment Market by Country
4.2 Asia Pacific Body & Chassis Market by Country
4.3 Asia Pacific Infotainment & Connectivity Market by Country
4.4 Asia Pacific Autonomous Driving/ADAS Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Automotive Engineering Services Outsourcing Market by Location
5.1 Asia Pacific On-shore Market by Country
5.2 Asia Pacific Off-shore Market by Country
Chapter 6. Asia Pacific Automotive Engineering Services Outsourcing Market by Service
6.1 Asia Pacific Prototyping Market by Country
6.2 Asia Pacific System Integration Market by Country
6.3 Asia Pacific Testing Market by Country
6.4 Asia Pacific Designing Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Automotive Engineering Services Outsourcing Market by Country
7.1 China Automotive Engineering Services Outsourcing Market
7.1.1 China Automotive Engineering Services Outsourcing Market by Application
7.1.2 China Automotive Engineering Services Outsourcing Market by Location
7.1.3 China Automotive Engineering Services Outsourcing Market by Service
7.2 Japan Automotive Engineering Services Outsourcing Market
7.2.1 Japan Automotive Engineering Services Outsourcing Market by Application
7.2.2 Japan Automotive Engineering Services Outsourcing Market by Location
7.2.3 Japan Automotive Engineering Services Outsourcing Market by Service
7.3 India Automotive Engineering Services Outsourcing Market
7.3.1 India Automotive Engineering Services Outsourcing Market by Application
7.3.2 India Automotive Engineering Services Outsourcing Market by Location
7.3.3 India Automotive Engineering Services Outsourcing Market by Service
7.4 South Korea Automotive Engineering Services Outsourcing Market
7.4.1 South Korea Automotive Engineering Services Outsourcing Market by Application
7.4.2 South Korea Automotive Engineering Services Outsourcing Market by Location
7.4.3 South Korea Automotive Engineering Services Outsourcing Market by Service
7.5 Singapore Automotive Engineering Services Outsourcing Market
7.5.1 Singapore Automotive Engineering Services Outsourcing Market by Application
7.5.2 Singapore Automotive Engineering Services Outsourcing Market by Location
7.5.3 Singapore Automotive Engineering Services Outsourcing Market by Service
7.6 Malaysia Automotive Engineering Services Outsourcing Market
7.6.1 Malaysia Automotive Engineering Services Outsourcing Market by Application
7.6.2 Malaysia Automotive Engineering Services Outsourcing Market by Location
7.6.3 Malaysia Automotive Engineering Services Outsourcing Market by Service
7.7 Rest of Asia Pacific Automotive Engineering Services Outsourcing Market
7.7.1 Rest of Asia Pacific Automotive Engineering Services Outsourcing Market by Application
7.7.2 Rest of Asia Pacific Automotive Engineering Services Outsourcing Market by Location
7.7.3 Rest of Asia Pacific Automotive Engineering Services Outsourcing Market by Service
Chapter 8. Company Profiles
8.1 Tech Mahindra Limited
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Altair Engineering, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Horiba Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.4 HCL Technologies Ltd. (HCL Enterprises)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Geographical Expansions:
8.5 Capgemini SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Business Expansions:
8.6 ALTEN
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Acquisition and Mergers:
8.7 AKKA Technologies SE (Adecco Group AG)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 FEV Group GmbH
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.8.2.3 Acquisition and Mergers:
8.8.2.4 Geographical Expansions:
8.9 AVL List GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. RLE International Group
8.10.1 Company Overview
Companies Mentioned
- AKKA Technologies SE (Adecco Group AG) update parent company
- Altair Engineering, Inc.
- ALTEN
- AVL List GmbH
- Horiba Ltd.
- Capgemini SE
- HCL Technologies Ltd. (HCL Enterprises)
- Tech Mahindra Limited
- FEV Group GmbH
- RLE International Group
Methodology
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