Global Engineering Services Outsourcing Market Size & Outlook
Global engineering services outsourcing market, 2018-2030 (US$M)
Related Markets
Global engineering services outsourcing market highlights
- The global engineering services outsourcing market generated a revenue of USD 1,619.1 million in 2022 and is expected to reach USD 9,398.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 24.6% by 2030.
- In terms of segment, automotive accounted for a revenue of USD 324.8 million in 2022.
- Healthcare is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 1,619.1 million |
| Market revenue in 2030 | USD 9,398.9 million |
| Growth rate | 24.6% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Healthcare |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aerospace, Automotive, Industrial, Consumer Electronics, Semiconductors, Healthcare, Telecom |
Other key industry trends
- In terms of revenue, the North America accounted for 19.1% of the global engineering services outsourcing market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 838.4 million by 2030.
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Engineering Services Outsourcing Market Scope
Engineering Services Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global engineering services outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to engineering services outsourcing market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 20.06% in 2022. Horizon Databook has segmented the Global engineering services outsourcing market based on aerospace, automotive, industrial, consumer electronics, semiconductors, healthcare, telecom covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Engineering Services Outsourcing Application Outlook (Revenue, USD Million, 2018-2030)
- Aerospace
- Automotive
- Industrial
- Consumer Electronics
- Semiconductors
- Healthcare
- Telecom
- Others
- Global Engineering Services Outsourcing Services Outlook (Revenue, USD Million, 2018-2030)
- Designing
- Prototyping
- System Integration
- Testing
- Others
- Global Engineering Services Outsourcing Location Outlook (Revenue, USD Million, 2018-2030)
- Onshore
- Offshore
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Target buyers of Global engineering services outsourcing market databook
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Our clientele includes a mix of engineering services outsourcing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global engineering services outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global engineering services outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global engineering services outsourcing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Engineering services outsourcing market size, 2022 (US$M)
Global engineering services outsourcing market share, by application, 2022 & 2030 (%, US$M)
Engineering services outsourcing market: Opportunity assessment by country
Global engineering services outsourcing market, by region, 2022 (US$M)
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