This statistic shows the likelihood of offshoring or nearshoring to change in the next two years worldwide from 2014 to 2018, by function and growth rate. According to the 2018 survey, procurement offshoring/ nearshoring is expected to increase by **** percent.

Snapshot img

US Engineering Services Outsourcing Market Size 2024-2028

The US engineering services outsourcing market size is estimated to grow by USD 187.62 billion at a CAGR of 32.14% between 2023 and 2028. The market experiences significant growth due to various factors. Primarily, businesses seek cost savings through access to lower labor wages in offshore locations. Additionally, outsourcing and engineering R&D services enable companies to tap into a vast pool of highly skilled engineering professionals, addressing potential in-house expertise gaps. This strategic approach not only reduces operational costs but also enhances project efficiency and productivity. By leveraging engineering services outsourcing and automotive engineering services outsourcing, organizations can effectively manage their resources and focus on their core competencies, ultimately contributing to their overall growth and success.

What will be the Size of the US Engineering Services Outsourcing Market During the Forecast Period?

To learn more about this market report, View Report Sample

US Engineering Services Outsourcing Market Segmentation

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

Sourcing Outlook

  Offshore
  Onshore





End-user Outlook

  Telecom
  Automotive
  Healthcare
  Aerospace
  Semiconductor and others

The market share growth by the offshore segment will be significant during the market forecasting period. The term offshore outsourcing describes the transfer of all or a portion of the engineering processes to a different organization located abroad. This segment's nominal growth can be attributed to the ease of access to skilled and talented human resources in the US as well as the availability of resources that are both cost-effective and readily available.

Get a glance at the market contribution of various segments. View the PDF Sample

The offshore segment was valued at USD 17.18 billion in 2018. However, due to a number of factors including the rate of global inflation, the high cost of training employees, high churn rates, and a growing preference for outsourcing to onshore partners, it is anticipated that the offshore segment in the US will grow more slowly than the onshore segment.

In the US, there is an increasing amount of opposition to offshore outsourcing, which claims that offshoring is to blame for the loss of job opportunities. The US government has already erected a number of onerous trade restrictions against its significant trading partners. During the forecast period, this is predicted to slow down international trade. These limitations would have a negative effect on the expansion of the US outsourcing market for engineering services and architectural engineering and construction solutions. During the forecast period, it is anticipated that value-based or collaborative partnerships between customer organizations and outsourced ESPs may experience significant growth.

US Engineering Services Outsourcing Market Dynamics

Iron ore demand and supply analysis highlights the evolving dynamics of the iron market, influenced by factors like iron ore price volatility and steel industry demand. Top iron ore exporters and producers play a crucial role in maintaining supply chain stability, while the recycling of steel and the adoption of alternative steel production methods are gaining momentum. Sustainable mining practices are increasingly prioritized to promote environmental care. The demand for high-grade iron ore continues to rise, particularly in infrastructure development, as it plays a key role in modern construction. Iron ore pricing forecasts remain essential for strategic planning, and the impact of decarbonization on iron ore demand reflects the industry's shift towards eco-friendly solutions and green steel production. Additionally, iron ore export dynamics are critical to global trade flows, further shaping the market's future.

The US engineering services outsourcing market is experiencing significant growth, driven by the adoption of advanced technologies such as cloud-based engineering software, automation mechanisms, and platform as a service (PaaS). OEMs and end application enterprises are increasingly turning to engineering service providers (ESPs) for expertise in G Technology, including the Internet of Things (IoT) and artificial intelligence (AI) to enhance their product offerings.

ESPs are leveraging AI and machine learning (ML) to streamline designing services, from computer aided design (CAD) and computer aided engineering (CAE) to computer aided manufacturing (CAM), and CNC machines. Cloud-based engineering software enables real-time collaboration and access to the latest design iterations from anywhere. Automation mecha

Replication package for Reijnders, L. S. M., and G. J. de Vries (2018). “Technology, Offshoring, and the Rise of non-Routine Jobs”, Journal of Development Economics, vol 135, pp. 412-432. https://doi.org/10.1016/j.jdeveco.2018.08.009

An Ellipsoidally Referenced Survey (ERS) using two Teledyne Reson SeaBat T50-P multibeam echosounders, in dual-head configuration, was conducted by the U.S Geological Survey (USGS) St. Petersburg Coastal and Marine Science Center (SPCMSC) offshore of Seven Mile Island, New Jersey, September 6-8, 2018 and September 21-23, 2018. This dataset, presented as Seven_Mile_Island_2018_MBES_WGS84_UTM18N_xyz.zip and Seven_Mile_Island_2018_MBES_NAD83_NAVD88_GEOID12B_xyz.zip, includes the processed elevation point data (x,y,z), as derived from a 1-meter (m) bathymetric grid.

OBU: Claim on Financial Institution (FI) data was reported at 49.313 USD bn in Oct 2018. This records a decrease from the previous number of 50.420 USD bn for Sep 2018. OBU: Claim on Financial Institution (FI) data is updated monthly, averaging 40.669 USD bn from Jan 1997 (Median) to Oct 2018, with 262 observations. The data reached an all-time high of 64.151 USD bn in Jun 2016 and a record low of 17.300 USD bn in May 1999. OBU: Claim on Financial Institution (FI) data remains active status in CEIC and is reported by Central Bank of the Republic of China. The data is categorized under Global Database’s Taiwan – Table TW.KB036: Offshore Banking Unit Statistics.

This section of the data release contains photographs of 41 vibracores that were collected aboard the R/V Bold Horizon in 2018 on U.S. Geological Survey Field Activity 2018-638-FA offshore Oceanside to San Diego, southern California.

In the third quarter of 2022, almost 40 global business services (GBS) were setup and expanded in the onshore market worldwide. During the same period, the number of GBS setups in the offshore and nearshore market stood at 67.

An Ellipsoidally Referenced Survey (ERS) using two Teledyne Reson SeaBat T50-P multibeam echosounders, in dual-head configuration, was conducted by the U.S. Geological Survey (USGS) St. Petersburg Coastal and Marine Science Center (SPCMSC) offshore of Cedar Key, Florida (FL) during two legs, November 27-30, and December 10-13, 2018. This dataset, Cedar_Key_MBB_2018_xyz.zip, includes the processed elevation point data (x,y,z), as derived from a 1-meter (m) bathymetric grid.

Taiwan Offshore Banking Unit (OBU): Number: Total data was reported at 60.000 Unit in May 2018. This stayed constant from the previous number of 60.000 Unit for Apr 2018. Taiwan Offshore Banking Unit (OBU): Number: Total data is updated monthly, averaging 63.000 Unit from Apr 2001 (Median) to May 2018, with 206 observations. The data reached an all-time high of 72.000 Unit in Sep 2003 and a record low of 60.000 Unit in May 2018. Taiwan Offshore Banking Unit (OBU): Number: Total data remains active status in CEIC and is reported by Central Bank of the Republic of China. The data is categorized under Global Database’s Taiwan – Table TW.KB036: Offshore Banking Unit Statistics.

This part of the data release contains processed, high-resolution, chirp seismic-reflection profiles that were collected aboard the R/V Bold Horizon in 2018 on U.S. Geological Survey cruise 2018-638-FA offshore Oceanside to San Diego, southern California. Approximately 127 line-kilometers of chirp data were collected offshore Oceanside (BH lines) and 125 line-kilometers were collected offshore Silver Strand, San Diego (SS lines). The data were acquired using an Edgetech 512 Chirp sub-bottom profiling system. These data are divided up and presented by navigation line, as reflected in the individual file names.

Amount Outstanding: Japan Offshore Market: JPY data was reported at 14,636.000 JPY bn in Sep 2018. This records a decrease from the previous number of 15,163.000 JPY bn for Aug 2018. Amount Outstanding: Japan Offshore Market: JPY data is updated monthly, averaging 23,849.000 JPY bn from Jan 1992 (Median) to Sep 2018, with 321 observations. The data reached an all-time high of 64,221.000 JPY bn in Dec 1995 and a record low of 11,002.200 JPY bn in Sep 2017. Amount Outstanding: Japan Offshore Market: JPY data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.F027: Offshore Accounts Balance: Japan Offshore Market.

According to a study, Latin America and the Caribbean was the main destination region for offshore services offered by companies in Mexico in 2020, with approximately ** percent of those surveyed carrying out offshore operations in this region. This was the first time in the last three years that North America was overtaken by the LAC region, with approximately ** percent of businesses in Mexico providing BPO services to the United States and Canada.

This section of the data release contains core logger tabular data of 41 vibracores that were collected aboard the R/V Bold Horizon in 2018 on U.S. Geological Survey Field Activity 2018-638-FA offshore Oceanside to San Diego, southern California. The cores were analyzed for sound velocity (P-wave) and gamma ray density. The logging was performed at 1-cm intervals from the top of each core section. In addition to the core logger data, the _location of the cores are available as either a comma-delimited file or a shapefile.

Taiwan OBU: Derivative Product Turnover: Other data was reported at 0.000 USD mn in May 2018. This stayed constant from the previous number of 0.000 USD mn for Apr 2018. Taiwan OBU: Derivative Product Turnover: Other data is updated monthly, averaging 14.500 USD mn from Apr 2001 (Median) to May 2018, with 206 observations. The data reached an all-time high of 530.000 USD mn in Oct 2002 and a record low of 0.000 USD mn in May 2018. Taiwan OBU: Derivative Product Turnover: Other data remains active status in CEIC and is reported by Central Bank of the Republic of China. The data is categorized under Global Database’s Taiwan – Table TW.KB036: Offshore Banking Unit Statistics.

This dataset shows the distribution of fishing effort by fishing vessels according to the gear type used. Fishing effort is defined as the time spent engaged in fishing operations or time spent at sea, this time may be multiplied by a measure of fishing capacity, e.g. engine power. In this dataset fishing effort is measured as average hours spent actively fishing per kilometre square, per year. Data from years 2014 to 2018 was used to produce this data product for the Marine Institute publication the “Atlas of Commercial Fisheries around Ireland, third edition“ (https://oar.marine.ie/handle/10793/1432). Effort for offshore fisheries is based on the following 2 primary data types - data on vessel positioning and data on gear types used: Vessel Monitoring Systems (VMS) supplied by the Irish Naval Service provide geographical position and speed of vessel at intervals of two hours or less (Commission Regulation (EC) No. 2244/2003). The data are available for all EU vessels of 12m and larger, operating inside the Irish EEZ; outside this zone only Irish VMS data are routinely available. VMS do not record whether a vessel is fishing, steaming or inactive. Logbooks collected by the Sea-Fisheries Protection Authority and supplied by the Department of Agriculture, Food and the Marine were the primary data source for information on landings and gear types used by Irish vessels. EU Fleet Register obtained from the EU fleet register (http://ec.europa.eu/fisheries/fleet/index.cfm) provides information for non-Irish vessels and for Irish vessels for which the gear was not known from the logbooks. Note that if vessels use more than one gear, it is possible that the gear type assigned to them was not the one that was actually used. The fishing gear data was classified into eight main groups: demersal otter trawls; beam trawls; demersal seines; gill and trammel nets; longlines; dredges; pots and pelagic trawls. The VMS data was analysed using the approach described by Gerritsen and Lordan (IJMS 68(1)). This approach assigns effort to each of the VMS data points. The effort of a VMS data point is defined as the time interval since the previous data point. Next the data are filtered for fishing activity using speed criteria, vessels were assumed to be actively fishing if their speed fell within a certain range (depending on the fishing gear used). The points that remain are then aggregated into a spatial grid to produce a raster dataset showing fishing effort (in hours) per kilometre square per year for each gear type group. The data is available for all countries combined and for Irish vessels only. None

Amount Outstanding: Japan Offshore Market data was reported at 79,690.437 JPY bn in Sep 2018. This records an increase from the previous number of 76,899.129 JPY bn for Aug 2018. Amount Outstanding: Japan Offshore Market data is updated monthly, averaging 64,700.500 JPY bn from Jan 1992 (Median) to Sep 2018, with 321 observations. The data reached an all-time high of 97,530.002 JPY bn in Nov 2015 and a record low of 37,913.700 JPY bn in Jun 2005. Amount Outstanding: Japan Offshore Market data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.F027: Offshore Accounts Balance: Japan Offshore Market.

Japan Offshore Acc: Assets: Total Balance data was reported at 79,591.416 JPY bn in May 2018. This records an increase from the previous number of 78,361.715 JPY bn for Apr 2018. Japan Offshore Acc: Assets: Total Balance data is updated monthly, averaging 64,494.300 JPY bn from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of 97,535.161 JPY bn in Nov 2015 and a record low of 37,913.700 JPY bn in Jun 2005. Japan Offshore Acc: Assets: Total Balance data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.F006: Offshore Account Balance.

The Scottish Government has prepared Regional Locational Guidance (RLG) to facilitate the development of offshore wind energy Scottish Waters. The Guidance gives consideration to detailed environmental, technical and socio-economic and planning issues in relation to the offshore renewable energy regions of Scotland. The RLG will be used: * To provide detailed information in relation to the Areas of Search identified in the 2011 Scoping Report for Offshore Wind Farm Developments in Scottish Waters; * To identify suitable options for inclusion in the sectoral marine planning process; * To inform key stakeholders and other interested parties of the key regional issues in relation to developing offshore wind energy in Scottish Waters; and * To inform the process for determining marine license applications to develop offshore renewable energy in Scottish Waters. Please note An updated version of the GIS data was added to this dataset February 2018. The older GIS resources have been removed, but are available on request.

Amount Outstanding: Japan Offshore Market: Foreign Currency data was reported at 65,054.437 JPY bn in Sep 2018. This records an increase from the previous number of 61,736.129 JPY bn for Aug 2018. Amount Outstanding: Japan Offshore Market: Foreign Currency data is updated monthly, averaging 29,237.900 JPY bn from Jan 1992 (Median) to Sep 2018, with 321 observations. The data reached an all-time high of 84,135.602 JPY bn in Nov 2015 and a record low of 18,329.100 JPY bn in Aug 2002. Amount Outstanding: Japan Offshore Market: Foreign Currency data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.F027: Offshore Accounts Balance: Japan Offshore Market.

This statistic shows the number of offshore oil wells drilled in Italy in 2017, as well as the estimated data for 2018. The number of offshore wells drilled was expected to increase from *** to ***** between 2017 and 2018.