Tag Archives: Automotive Engineering Services Outsourcing (ESO) Market

Automotive Engineering Services Outsourcing (ESO) Market Outlook To Reach $293.74 Billion By 2025

The ****** automotive engineering services outsourcing (ESO) market size is expected to reach USD 293.74 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 28.4% over the forecast period. Original Equipment Manufacturers (OEMs) outsource core engineering, as well as allied, tasks to obtain highly-skilled and specialized services at a much cheaper cost. Earlier, automobile innovation was limited to R&D centers of OEMs.