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Automotive Engineering Services Outsourcing (ESO) Market Report 2022: Asia Pacific Remains The Most Attractive Business Destination for Service Providers – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Automotive Engineering Services Outsourcing (ESO) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added to ResearchAndMarkets.com’s offering.

The global automotive engineering services outsourcing market was valued US$ 50.28 Bn in 2020 and is expected to register growth at 8.3% CAGR during the forecast period from 2022 to 2030.

Asia Pacific Remains The Most Attractive Business Destination for Service Providers

Asia Pacific represents the most lucrative business destination for automotive engineering service providers. There exists sound investment & growth opportunities in markets including India, China, and South-east Asia. The prevailing growth opportunity in these economies is reflective of the huge automotive market. In addition, with the growing trend towards off-shoring, the automotive manufacturers in developed economies like Europe are relocating their manufacturing facilities to low-cost Asia Pacific countries. Consequently, outsourcing of automotive engineering services has surged in these countries. The trend is expected to continue and the region is poised to remain one of the major automotive engineering services markets throughout the forecast period.

Value Contribution from Design & Prototyping Service Segment to Remain Highest throughout the Forecast Period

In 2020, the demand for design & prototyping service was highest in the global automotive engineering services outsourcing market. The value contribution from mechanical design & prototyping service segment was around 35% of the global market value in the base year 2020. Since developing the mechanical design and prototype is time-consuming and expensive processes, Original Equipment Manufacturers usually prefer either completely outsourcing these to ESPs (Engineering Service Providers) or work in close association with them for product development.

Key Players:

Some of the leading vendors profiled in the research study include Onward Technologies Ltd., Alten SA, Altran Technologies Limited, AVL, ESG Elektroniksystem- und Logistik-GmbH,

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Clemson University forms new school behind electric vehicle manufacturing boom > GSA Business

The South’s fast rise as a leader in the building of electric vehicles and the batteries to power them is helping drive Clemson University’s decision to form a new school that brings together its mechanical and automotive engineers, according to a news release from the school.

The new School of Mechanical and Automotive Engineering puts the departments of mechanical engineering and automotive engineering under one umbrella, better positioning Clemson for innovation and education in a number of areas, including mobility, energy and advanced manufacturing, all cornerstones of the South Carolina economy, the news release stated.

The founding director of the new school is Zoran Filipi. He was chair of the Department of Automotive Engineering for nearly seven years before vacating his seat to become founding director of the Virtual Prototyping of Ground Systems (VIPR-GS) Center, a position he still holds, the release stated.

Filipi will be the top administrator in a strategically important school, with most mechanical engineers located primarily on the main campus in Clemson and most automotive engineers at the Clemson University International Center for Automotive Research (CU-ICAR) in Greenville, according to the release.

The school, first approved by the Board of Trustees in October 2021, is home to 66 faculty members and has the largest enrollment in the College of Engineering, Computing and Applied Sciences, with about 780 undergraduates and 400 graduate students.

mechanical and automotive engineering at Clemson are entering a new era.

“The School of Mechanical and Automotive Engineering will continue to position Clemson University as a national leader in academics and research as well as strengthen key industry partnerships,” Clemson University President Jim Clements said in the release. “The workforce of the future is rapidly changing. Opportunities for students to engage in experiential learning and interdisciplinary research, along with faculty and industry’s need for

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