End-to-end Engineering with Global Engineering Services

The growth of industrialization and the pace at which the business world heads towards globalization, enterprises need to utilize the best of industry technologies to meet the growing demands for new age engineering products. Bringing in an estimated value addition of nearly $ 530 billion worth  in 2012 , the engineering services turns out as one of the largest sections of the industrial world. Further with service activity accompanying the core engineering functions that changes according to industrial requirements, the engineering service industry expands to over a trillion dollar value.


The engineering services which comprises of a number of design and support services for various industries is benefited substantially with the expansion of the industry into various international markets. Having gained access to markets internationally, the enterprises now offer global engineering services along with the improved flow of goods. Globalization which has led to an increase in the demand for engineering services also paves way for the enterprises to offer cost benefits and gain a competitive edge by providing  specialized capabilities.


With  engineering services having entered the automotive, telecom, aerospace, consumer electronics, semiconductor and pharmaceuticals industry, the enterprises gain support from these through the complete product life cycle. Product design and modeling, analysis, prototyping, automation, data documentation, instrumentation and controls, embedded systems development, manufacturing support and vendor management being covered under  the  global engineering service, the major chunk of the engineering service spending is taken up by the telecom and automotive industries while aerospace, industrial, construction and defense sectors  take  up the smaller share.


With the global markets becoming increasingly competitive, the business environment turns towards engineering services outsourcing. The advent of globalization saw  only production and low-end engineering operations to be outsourced from international markets. However, with increase in customer demands and other factors like low labor and production costs and expertise in handling all engineering processes, enterprises today outsource high-value engineering services too from the overseas markets. Thus India and China are becoming one of the fastest growing and fiercely competitive global engineering service markets.


Today a large number of the engineering services are outsourced because:


* It helps enterprises to focus on core activities

* Brings in reduced timelines, labor costs leading to reduction in overall costs incurred.

* Increased product quality

* Provides flexibility

* Faster turnaround times

* Helps retain knowledge

* Manage resources cheaper


Besides these factors, engineering outsourcing of helps to enhances the profitability and transform the enterprise into a global force.


Nevertheless, with innovative technologies finding its place in the product design and  product development, it helps to enhance the  functionalities and performance of the products. By adopting the new-age technologies, the global engineering service providers ensures  safety, reliability and reduction in product design costs besides ensuring the products to be regulatory compliant.


Related Links: Integrated Engineering Services, engineering product design