Analysts’ Viewpoint
Demand for engineering R&D (research & development) services outsourcing is increasing due to digital transformation across different industry verticals, growth in access to the global talent pool and domain knowledge, and increase in investments in engineering R&D services. However, the industry is facing some challenges due to concerns regarding trust and confidentiality of engineering R&D services outsourcing.
Engineering R&D outsourcing services are projected to play an increasingly important role in driving growth and innovation as businesses continue to seek out more flexible, and cost and time-effective services. The market size is expected to grow at a significant pace in the near future as providers of outsourcing R&D services offer companies access to advanced technologies and research facilities that they may not have in-house.
Outsourcing of engineering R&D services refers to the process of hiring an external service provider to manage a company's engineering research and development activities. This outsourcing approach allows companies to focus on their core competencies and business processes while using the expertise and resources of an external engineering service provider to develop new products, improve existing products, or solve technical problems.
Engineering R&D services outsourcing can involve a variety of activities, including conception, design, prototyping, testing, and validation of products or components. The outsourcing provider may also be responsible for managing project schedules, ensuring quality and compliance with industry standards, and providing the client with regular updates on progress.
Automation refers to technological applications that reduce the amount of human intervention. The main focus is on IT automation and business process automation (BPA) that observe and control the manufacture and delivery of products and services. An escalation in automation, combined with the increasing propensity of many companies to adopt automation, is also expected to significantly boost market growth during the forecast period.
Engineering outsourcing service vendors provide various services such as designing, prototyping, system integration, and testing. In many cases, vendors utilize the latest technologies, such as cloud computing, Internet of Things (IoT), machine learning (ML), virtual reality (VR), and additive manufacturing (3D printing), to manage outsourced projects. The requirement for such technologies has increased over time with the rise in demand to integrate latest technologies in product offerings.
Automotive, consumer electronics, telecom, and semiconductor industries are some of the primary end-users of such technologies. For instance, the telecom industry requires engineering services to develop network infrastructure, software applications, hardware devices, and cloud solutions.
The automotive industry leverages outsourced services for developing advanced features such as autonomous driving, connected vehicles, electric vehicles, and infotainment systems. Daimler AG partnered with Infosys, where Infosys supports hybrid cloud-powered innovation. Under the partnership, Infosys transfers Daimler’s high-performance computing (HPC) workloads used to design vehicles and automated driving technologies to Lefdal Mine Datacenter in Norway.
Tata Consultancy Services Limited (TCS), a provider based in India, collaborated with Rolls-Royce plc., a British company, to accelerate the digital transformation journey of Rolls-Royce. Under the agreement, TCS provides IoT digital platform capability to RR to support data capturing, sharing, and analysis quickly across Rolls-Royce so that new products and services can be developed at a rapid pace.
One of the main benefits of outsourcing R&D services is that it provides companies access to advanced technologies and research facilities that they may not have in-house, helping them stay at the forefront of innovation and retain their competitive edge in the industry.
Around two-thirds of senior executives, surveyed in 2022, expect an increase in engineering and R&D activities they outsource by 2025 as they seek to accelerate innovation, address talent gaps, and reduce costs.
One of the key drivers for outsourcing R&D services is the need to access cutting-edge technologies and research facilities to innovate and develop new products and improve the existing ones. By outsourcing engineering R&D services, companies leverage the expertise, experience, and infrastructure of external providers who specialize in specific domains or technologies. It also enables companies to address internal limitations, enhance their capabilities and quality, and speed up their time to market.
In the automotive industry, for instance, an outsourcing vendor may help companies access advanced technologies, such as artificial intelligence (AI), ML, IoT, and robotics, that are essential for developing smart and connected vehicles. By partnering with such a vendor, automotive companies can improve their product design, testing, verification, and integration processes.
According to the latest engineering R&D services outsourcing market forecast, Asia Pacific is anticipated to hold the largest share of the global industry during the forecast period. The region offers a cost-effective solution for engineering and R&D outsourcing services owing to low labor costs compared to North America and Europe. This has made the region an attractive destination for companies looking to reduce their engineering and R&D costs.
The engineering R&D services outsourcing industry growth in Asia Pacific is attributed to a large and growing number of skilled engineers and scientists, particularly in countries, such as India and China. This provides companies access to a large talent pool. Therefore, the engineering R&D services outsourcing market size in Asia Pacific is anticipated to expand in the near future.
Wipro, Infosys Ltd., Persistent System, LTIMindtree Limited, Accenture, KPIT, Tech Mahindra Limited, Quest Global, Encora Digital LLC, and ALTEN Group are the key companies in engineering R&D services outsourcing industry.
Service providers in the global engineering R&D services outsourcing market are investing in research and development activities to introduce advanced offerings that can meet the growing market demand. These service providers are following the latest engineering R&D services outsourcing market trends to gain new opportunities.
The engineering R&D services outsourcing industry research report profiles major service providers based on parameters such as financials, key product offerings, recent developments, and strategies.
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Attribute |
Detail |
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Market Size Value in 2022 |
US$ 148.0 Bn |
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Market Forecast Value in 2031 |
US$ 400.0 Bn |
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Growth Rate (CAGR) |
11.8% |
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Forecast Period |
2023–2031 |
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Historical Data Available for |
2018–2022 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
Qualitative analysis includes drivers, restraints, opportunities, key trends, analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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Format |
Electronic (PDF) + Excel |
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Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope |
Available upon request |
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Pricing |
Available upon request |
It was valued at US$ 148.0 Bn in 2022.
It is estimated to reach US$ 400.0 Bn by the end of 2031.
It is projected to advance at a CAGR of 11.8% from 2023 to 2031.
Digital transformation across different industry verticals, and increase in access to global talent pool and domain knowledge.
Asia Pacific accounted for a dominant share in 2022.
HCL Technologies, Tata Consultancy Services Limited, Capgemini SE, Cognizant, Wipro, Infosys Ltd., Persistent System, LTIMindtree Limited, Accenture, KPIT, Tech Mahindra Limited, Quest Global, Encora Digital LLC, and ALTEN Group.
1. Preface
1.1. Market Introduction
1.2. Market Segmentation
1.3. Key Research Objectives
2. Assumptions and Research Methodology
2.1. Research Methodology
2.1.1. List of Primary and Secondary Sources
2.2. Key Assumptions for Data Modelling
3. Executive Summary: Global Engineering R&D Services Outsourcing Market
4. Market Overview
4.1. Market Definition
4.2. Technology/Product Roadmap
4.3. Market Factor Analysis
4.3.1. Forecast Factors
4.3.2. Ecosystem/Value Chain Analysis
4.3.3. Market Dynamics (Growth Influencers)
4.3.3.1. Drivers
4.3.3.2. Restraints
4.3.3.3. Opportunities
4.3.3.4. Impact Analysis of Drivers and Restraints
4.4. COVID-19 Impact Analysis
4.4.1. Impact of COVID-19 on Engineering R&D Services Outsourcing Market
4.5. Market Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East & Africa/South America)
4.5.1. By Location
4.5.2. By Service
4.5.3. By Industry Vertical
4.6. Porters Analysis
4.7. PEST Analysis
4.8. Use Case/Case Study
5. Global Engineering R&D Services Outsourcing Market Analysis and Forecast
5.1. Market Revenue Analysis (US$ Bn), 2018-2031
5.1.1. Historic Growth Trends, 2018-2022
5.1.2. Forecast Trends, 2023-2031
6. Global Engineering R&D Services Outsourcing Market Analysis, by Location
6.1. Overview and Definitions
6.2. Key Segment Analysis
6.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Location, 2018 - 2031
6.3.1. Onshore
6.3.2. Offshore
7. Global Engineering R&D Services Outsourcing Market Analysis, by Service
7.1. Overview and Definitions
7.2. Key Segment Analysis
7.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Service, 2018 - 2031
7.3.1. Designing
7.3.2. Prototyping
7.3.3. System Integration
7.3.4. Testing
7.3.5. Others
8. Global Engineering R&D Services Outsourcing Market Analysis, by Industry Vertical
8.1. Key Segment Analysis
8.2. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Industry Vertical, 2018 - 2031
8.2.1. Automotive
8.2.2. Electronics & Semiconductor
8.2.3. Industrial Manufacturing
8.2.4. Pharmaceuticals & Medical Devices
8.2.5. Aerospace & Defense
8.2.6. IT & Telecom
8.2.7. Others
9. Global Engineering R&D Services Outsourcing Market Analysis and Forecasts, by Region
9.1. Key Findings
9.2. Market Size (US$ Bn) Forecast by Region, 2018-2031
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East & Africa
9.2.5. South America
10. North America Engineering R&D Services Outsourcing Market Analysis and Forecast
10.1. Regional Outlook
10.2. Engineering R&D Services Outsourcing Market Size (US$ Bn) Analysis and Forecast, 2018 - 2031
10.2.1. By Location
10.2.2. By Service
10.2.3. By Industry Vertical
10.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Country, 2018 - 2031
10.3.1. U.S.
10.3.2. Canada
10.3.3. Mexico
11. Europe Engineering R&D Services Outsourcing Market Analysis and Forecast
11.1. Regional Outlook
11.2. Engineering R&D Services Outsourcing Market Size (US$ Bn) Analysis and Forecast, 2018 - 2031
11.2.1. By Location
11.2.2. By Service
11.2.3. By Industry Vertical
11.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
11.3.1. Germany
11.3.2. U.K.
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Rest of Europe
12. Asia Pacific Engineering R&D Services Outsourcing Market Analysis and Forecast
12.1. Regional Outlook
12.2. Engineering R&D Services Outsourcing Market Size (US$ Bn) Analysis and Forecast, 2018 - 2031
12.2.1. By Location
12.2.2. By Service
12.2.3. By Industry Vertical
12.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
12.3.1. China
12.3.2. India
12.3.3. Japan
12.3.4. ASEAN
12.3.5. Rest of Asia Pacific
13. Middle East & Africa Engineering R&D Services Outsourcing Market Analysis and Forecast
13.1. Regional Outlook
13.2. Engineering R&D Services Outsourcing Market Size (US$ Bn) Analysis and Forecast, 2018 - 2031
13.2.1. By Location
13.2.2. By Service
13.2.3. By Industry Vertical
13.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
13.3.1. Saudi Arabia
13.3.2. U.A.E.
13.3.3. South Africa
13.3.4. Rest of Middle East & Africa
14. South America Engineering R&D Services Outsourcing Market Analysis and Forecast
14.1. Regional Outlook
14.2. Engineering R&D Services Outsourcing Market Size (US$ Bn) Analysis and Forecast, 2018 - 2031
14.2.1. By Location
14.2.2. By Service
14.2.3. By Industry Vertical
14.3. Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
14.3.1. Brazil
14.3.2. Argentina
14.3.3. Rest of South America
15. Competition Landscape
15.1. Market Competition Matrix, by Leading Players
15.2. Competitive Landscape by Tier Structure of Companies
15.3. Scale of Competition, 2022
15.4. Scale of Competition at Regional Level, 2022
15.5. Market Revenue Share/Ranking Analysis (%), by Leading Players (2022)
15.6. List of Startups
15.7. Competition Evolution
15.8. Major Mergers & Acquisitions, Expansions, Partnership, Contacts, Deals, etc.
16. Company Profiles
16.1. HCL Technologies
16.1.1. Business Overview
16.1.2. Company Revenue
16.1.3. Product Portfolio
16.1.4. Geographic Footprint
16.1.5. Recent Developments
16.1.6. Impact of COVID-19
16.1.7. TMR View
16.1.8. Competitive Threats and Weakness
16.2. Capgemini SE
16.2.1. Business Overview
16.2.2. Company Revenue
16.2.3. Product Portfolio
16.2.4. Geographic Footprint
16.2.5. Recent Developments
16.2.6. Impact of COVID-19
16.2.7. TMR View
16.2.8. Competitive Threats and Weakness
16.3. Cognizant
16.3.1. Business Overview
16.3.2. Company Revenue
16.3.3. Product Portfolio
16.3.4. Geographic Footprint
16.3.5. Recent Developments
16.3.6. Impact of COVID-19
16.3.7. TMR View
16.3.8. Competitive Threats and Weakness
16.4. Tata Consultancy Services Limited
16.4.1. Business Overview
16.4.2. Company Revenue
16.4.3. Product Portfolio
16.4.4. Geographic Footprint
16.4.5. Recent Developments
16.4.6. Impact of COVID-19
16.4.7. TMR View
16.4.8. Competitive Threats and Weakness
16.5. Wipro
16.5.1. Business Overview
16.5.2. Company Revenue
16.5.3. Product Portfolio
16.5.4. Geographic Footprint
16.5.5. Recent Developments
16.5.6. Impact of COVID-19
16.5.7. TMR View
16.5.8. Competitive Threats and Weakness
16.6. Infosys Ltd.
16.6.1. Business Overview
16.6.2. Company Revenue
16.6.3. Product Portfolio
16.6.4. Geographic Footprint
16.6.5. Recent Developments
16.6.6. Impact of COVID-19
16.6.7. TMR View
16.6.8. Competitive Threats and Weakness
16.7. Persistent System
16.7.1. Business Overview
16.7.2. Company Revenue
16.7.3. Product Portfolio
16.7.4. Geographic Footprint
16.7.5. Recent Developments
16.7.6. Impact of COVID-19
16.7.7. TMR View
16.7.8. Competitive Threats and Weakness
16.8. LTIMindtree Limited
16.8.1. Business Overview
16.8.2. Company Revenue
16.8.3. Product Portfolio
16.8.4. Geographic Footprint
16.8.5. Recent Developments
16.8.6. Impact of COVID-19
16.8.7. TMR View
16.8.8. Competitive Threats and Weakness
16.9. Accenture
16.9.1. Business Overview
16.9.2. Company Revenue
16.9.3. Product Portfolio
16.9.4. Geographic Footprint
16.9.5. Recent Developments
16.9.6. Impact of COVID-19
16.9.7. TMR View
16.9.8. Competitive Threats and Weakness
16.10. KPIT
16.10.1. Business Overview
16.10.2. Company Revenue
16.10.3. Product Portfolio
16.10.4. Geographic Footprint
16.10.5. Recent Developments
16.10.6. Impact of COVID-19
16.10.7. TMR View
16.10.8. Competitive Threats and Weakness
16.11. Tech Mahindra Limited
16.11.1. Business Overview
16.11.2. Company Revenue
16.11.3. Product Portfolio
16.11.4. Geographic Footprint
16.11.5. Recent Developments
16.11.6. Impact of COVID-19
16.11.7. TMR View
16.11.8. Competitive Threats and Weakness
16.12. Quest Global
16.12.1. Business Overview
16.12.2. Company Revenue
16.12.3. Product Portfolio
16.12.4. Geographic Footprint
16.12.5. Recent Developments
16.12.6. Impact of COVID-19
16.12.7. TMR View
16.12.8. Competitive Threats and Weakness
16.13. Encora Digital LLC
16.13.1. Business Overview
16.13.2. Company Revenue
16.13.3. Product Portfolio
16.13.4. Geographic Footprint
16.13.5. Recent Developments
16.13.6. Impact of COVID-19
16.13.7. TMR View
16.13.8. Competitive Threats and Weakness
16.14. ALTEN Group
16.14.1. Business Overview
16.14.2. Company Revenue
16.14.3. Product Portfolio
16.14.4. Geographic Footprint
16.14.5. Recent Developments
16.14.6. Impact of COVID-19
16.14.7. TMR View
16.14.8. Competitive Threats and Weakness
16.15. Others
16.15.1. Business Overview
16.15.2. Company Revenue
16.15.3. Product Portfolio
16.15.4. Geographic Footprint
16.15.5. Recent Developments
16.15.6. Impact of COVID-19
16.15.7. TMR View
16.15.8. Competitive Threats and Weakness
17. Key Takeaways
List of Tables
Table 1: Acronyms Used in Engineering R&D Services Outsourcing Market
Table 2: North America Engineering R&D Services Outsourcing Market Revenue Analysis, by Country, 2023 - 2031 (US$ Bn)
Table 3: Europe Engineering R&D Services Outsourcing Market Revenue Analysis, by Country/Sub-region, 2023 - 2031 (US$ Bn)
Table 4: Asia Pacific Engineering R&D Services Outsourcing Market Revenue Analysis, by Country/Sub-region, 2023 - 2031 (US$ Bn)
Table 5: Middle East & Africa Engineering R&D Services Outsourcing Market Revenue Analysis, by Country/Sub-region, 2023 and 2031 (US$ Bn)
Table 6: South America Engineering R&D Services Outsourcing Market Revenue Analysis, by Country/Sub-region, 2023 - 2031 (US$ Bn)
Table 7: Forecast Factors: Relevance and Impact
Table 8: Impact Analysis of Drivers & Restraints
Table 9: Global Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Location, 2018 – 2031
Table 10: Global Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Service, 2018 – 2031
Table 11: Global Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Industry Vertical, 2018 – 2031
Table 12: Global Engineering R&D Services Outsourcing Market Volume (US$ Bn) Forecast, by Region, 2018 - 2031
Table 13: North America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Location, 2018 – 2031
Table 14: North America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Service, 2018 – 2031
Table 15: North America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Industry Vertical, 2018 – 2031
Table 16: North America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Country, 2018 - 2031
Table 17: U.S. Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 18: Canada Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 19: Mexico Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 20: Europe Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Location, 2018 – 2031
Table 21: Europe Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Service, 2018 – 2031
Table 22: Europe Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Industry Vertical, 2018 – 2031
Table 23: Europe Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
Table 24: Germany Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 25: U.K. Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 26: France Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 27: Italy Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 28: Spain Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 29: Asia Pacific Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Location, 2018 – 2031
Table 30: Asia Pacific Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Service, 2018 – 2031
Table 31: Asia Pacific Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Industry Vertical, 2018 – 2031
Table 32: Asia Pacific Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
Table 33: China Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 34: India Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 35: Japan Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 36: ASEAN Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 37: Middle East & Africa Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Location, 2018 – 2031
Table 38: Middle East & Africa Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Service, 2018 – 2031
Table 39: Middle East & Africa Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Industry Vertical, 2018 – 2031
Table 40: Middle East & Africa Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
Table 41: Saudi Arabia Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 42: U.A.E. Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 43: South Africa Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 44: South America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Location, 2018 – 2031
Table 45: South America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Service, 2018 – 2031
Table 46: South America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Industry Vertical, 2018 – 2031
Table 47: South America Engineering R&D Services Outsourcing Market Value (US$ Bn) Forecast, by Country/Sub-region, 2018 - 2031
Table 48: Brazil Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 49: Argentina Engineering R&D Services Outsourcing Market Revenue CAGR Breakdown (%), by Growth Term
Table 50: Mergers & Acquisitions, Partnerships
List of Figures
Figure 1: Global Engineering R&D Services Outsourcing Market Size (US$ Bn) Forecast, 2018–2031
Figure 2: Global Engineering R&D Services Outsourcing Market Revenue (US$ Bn) Opportunity Assessment, by Region, 2023E
Figure 3: Top Segment Analysis of Engineering R&D Services Outsourcing Market
Figure 4: Global Engineering R&D Services Outsourcing Market Revenue (US$ Bn) Opportunity Assessment, by Region, 2031F
Figure 5: Global Engineering R&D Services Outsourcing Market Attractiveness Assessment, by Location
Figure 6: Global Engineering R&D Services Outsourcing Market Attractiveness Assessment, by Service
Figure 7: Global Engineering R&D Services Outsourcing Market Attractiveness Assessment, by Industry Vertical
Figure 8: Global Engineering R&D Services Outsourcing Market Attractiveness Assessment, by Region
Figure 9: Global Engineering R&D Services Outsourcing Market Revenue (US$ Bn) Historic Trends, 2017 – 2022
Figure 10: Global Engineering R&D Services Outsourcing Market Revenue Opportunity (US$ Bn) Historic Trends, 2017 – 2022
Figure 11: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2023
Figure 12: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2031
Figure 13: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Onshore, 2023 – 2031
Figure 14: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Offshore, 2023 – 2031
Figure 15: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2023
Figure 16: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2031
Figure 17: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Designing, 2023 – 2031
Figure 18: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Prototyping, 2023 – 2031
Figure 19: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by System Integration, 2023 – 2031
Figure 20: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Testing, 2023 – 2031
Figure 21: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 22: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2023
Figure 23: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2031
Figure 24: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Automotive, 2023 – 2031
Figure 25: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Electronics & Semiconductor, 2023 – 2031
Figure 26: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Industrial Manufacturing, 2023 – 2031
Figure 27: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Pharmaceuticals & Medical Devices, 2023 – 2031
Figure 28: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Aerospace & Defense, 2023 – 2031
Figure 29: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by IT & Telecom, 2023 – 2031
Figure 30: Global Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 31: Global Engineering R&D Services Outsourcing Market Opportunity (US$ Bn), by Region
Figure 32: Global Engineering R&D Services Outsourcing Market Opportunity Share (%), by Region, 2023–2031
Figure 33: Global Engineering R&D Services Outsourcing Market Size (US$ Bn), by Region, 2023 & 2031
Figure 34: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Region, 2023
Figure 35: Global Engineering R&D Services Outsourcing Market Value Share Analysis, by Region, 2031
Figure 36: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), 2023 – 2031
Figure 37: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), 2023 – 2031
Figure 38: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), 2023 – 2031
Figure 39: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), 2023 – 2031
Figure 40: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), 2023 – 2031
Figure 41: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2023
Figure 42: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2031
Figure 43: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Onshore, 2023 – 2031
Figure 44: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Offshore, 2023 – 2031
Figure 45: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2023
Figure 46: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2031
Figure 47: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Designing, 2023 – 2031
Figure 48: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Prototyping, 2023 – 2031
Figure 49: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by System Integration, 2023 – 2031
Figure 50: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Testing, 2023 – 2031
Figure 51: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 52: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2023
Figure 53: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2031
Figure 54: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Automotive, 2023 – 2031
Figure 55: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Electronics & Semiconductor, 2023 – 2031
Figure 56: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Industrial Manufacturing, 2023 – 2031
Figure 57: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Pharmaceuticals & Medical Devices, 2023 – 2031
Figure 58: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Aerospace & Defense, 2023 – 2031
Figure 59: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by IT & Telecom, 2023 – 2031
Figure 60: North America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 61: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2023
Figure 62: North America Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2031
Figure 63: U.S. Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 64: Canada Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 65: Mexico Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 66: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2023
Figure 67: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2031
Figure 68: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Onshore, 2023 – 2031
Figure 69: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Offshore, 2023 – 2031
Figure 70: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2023
Figure 71: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2031
Figure 72: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Designing, 2023 – 2031
Figure 73: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Prototyping, 2023 – 2031
Figure 74: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by System Integration, 2023 – 2031
Figure 75: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Testing, 2023 – 2031
Figure 76: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 77: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2023
Figure 78: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2031
Figure 79: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Automotive, 2023 – 2031
Figure 80: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Electronics & Semiconductor, 2023 – 2031
Figure 81: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Industrial Manufacturing, 2023 – 2031
Figure 82: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Pharmaceuticals & Medical Devices, 2023 – 2031
Figure 83: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Aerospace & Defense, 2023 – 2031
Figure 84: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by IT & Telecom, 2023 – 2031
Figure 85: Europe Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 86: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2023
Figure 87: Europe Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2031
Figure 88: Germany Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 89: U.K. Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 90: France Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 91: Italy Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 92: Spain Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 93: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2023
Figure 94: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2031
Figure 95: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Onshore, 2023 – 2031
Figure 96: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Offshore, 2023 – 2031
Figure 97: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2023
Figure 98: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2031
Figure 99: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Designing, 2023 – 2031
Figure 100: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Prototyping, 2023 – 2031
Figure 101: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by System Integration, 2023 – 2031
Figure 102: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Testing, 2023 – 2031
Figure 103: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 104: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2023
Figure 105: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2031
Figure 106: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Automotive, 2023 – 2031
Figure 107: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Electronics & Semiconductor, 2023 – 2031
Figure 108: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Industrial Manufacturing, 2023 – 2031
Figure 109: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Pharmaceuticals & Medical Devices, 2023 – 2031
Figure 110: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Aerospace & Defense, 2023 – 2031
Figure 111: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by IT & Telecom, 2023 – 2031
Figure 112: Asia Pacific Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 113: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2023.
Figure 114: Asia Pacific Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2031
Figure 115: China Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 116: India Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 117: Japan Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 118: ASEAN Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 119: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2023
Figure 120: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2031
Figure 121: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Onshore, 2023 – 2031
Figure 122: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Offshore, 2023 – 2031
Figure 123: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2023
Figure 124: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2031
Figure 125: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Designing, 2023 – 2031
Figure 126: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Prototyping, 2023 – 2031
Figure 127: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by System Integration, 2023 – 2031
Figure 128: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Testing, 2023 – 2031
Figure 129: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 130: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2023
Figure 131: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2031
Figure 132: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Automotive, 2023 – 2031
Figure 133: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Electronics & Semiconductor, 2023 – 2031
Figure 134: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Industrial Manufacturing, 2023 – 2031
Figure 135: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Pharmaceuticals & Medical Devices, 2023 – 2031
Figure 136: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Aerospace & Defense, 2023 – 2031
Figure 137: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by IT & Telecom, 2023 – 2031
Figure 138: Middle East & Africa Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 139: Middle East & Africa East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2023
Figure 140: Middle East & Africa Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2031
Figure 141: Saudi Arabia Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 142: U.A.E. Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 143: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2023
Figure 144: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Location, 2031
Figure 145: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Onshore, 2023 – 2031
Figure 146: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Offshore, 2023 – 2031
Figure 147: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2023
Figure 148: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Service, 2031
Figure 149: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Designing, 2023 – 2031
Figure 150: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Prototyping, 2023 – 2031
Figure 151: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by System Integration, 2023 – 2031
Figure 152: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Testing, 2023 – 2031
Figure 153: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 154: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2023
Figure 155: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Industry Vertical, 2031
Figure 156: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Automotive, 2023 – 2031
Figure 157: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Electronics & Semiconductor, 2023 – 2031
Figure 158: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Industrial Manufacturing, 2023 – 2031
Figure 159: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Pharmaceuticals & Medical Devices, 2023 – 2031
Figure 160: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Aerospace & Defense, 2023 – 2031
Figure 161: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by IT & Telecom, 2023 – 2031
Figure 162: South America Engineering R&D Services Outsourcing Market Absolute Opportunity (US$ Bn), by Others, 2023 – 2031
Figure 163: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2023
Figure 164: South America Engineering R&D Services Outsourcing Market Value Share Analysis, by Country/Sub-region, 2031
Figure 165: Brazil Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
Figure 166: Argentina Engineering R&D Services Outsourcing Market Opportunity Growth Analysis (US$ Bn) Forecast, 2023 – 2031
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Engineering R&D Services Outsourcing Market
