Automotive engineering

Automotive Engineering Service Provider (ESP) Market Expected To Grow By $ 5.31 Billion In 2020 | AKKA Technologies SE, AVL List GmbH and Tech Mahindra Ltd. appear as key contributors to growth | Technavio

LONDON–(COMMERCIAL THREAD) – Technavio is monitoring the Automotive Engineering Service Provider (ESP) market and it is expected to grow by $ 5.31 billion in the period 2020-2024, growing at a CAGR of over 6% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Download a Free Sample COVID-19 Report

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the epidemic’s immediate impact is varied. While a few industries will see lower demand, many others will remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the Automotive Engineering Service Provider (ESP) market. The market growth in 2020 is expected to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major market trends?

    The development of autonomous vehicles is a major trend driving the growth of the market.
  • How fast should the market grow?

    Year-over-year growth for 2020 is estimated at 5.61% and the incremental market growth is expected to be $ 5.31 billion.
  • Who are the main players in the market?

    AKKA Technologies SE, AVL List GmbH, Bertrandt AG, Capgemini Service SAS, EDAG Engineering Group AG, HCL Technologies Ltd., IAV GmbH Ingenieurgesellschaft Auto und Verkehr, Larsen & Toubro Ltd., Ricardo Plc and Tech Mahindra Ltd. the main players in the market.
  • What is the main driver of the market?

    One of the main drivers of the market is the increasing digitization and electrification of vehicles.
  • What is the size of the APAC market?

    The APAC region will contribute 30% of the market share.

Buy 1 Technavio report and get the second at 50% off. Buy 2 Technavio reports and get the third free.

See a market overview before you buy

The market is fragmented and the degree of fragmentation will accelerate during the forecast period. AKKA Technologies SE, AVL List GmbH, Bertrandt AG, Capgemini Service SAS, EDAG Engineering Group AG, HCL Technologies Ltd., IAV GmbH Ingenieurgesellschaft Auto und Verkehr, Larsen & Toubro Ltd., Ricardo Plc and Tech Mahindra Ltd. main market players. The increasing digitization and electrification of vehicles will offer immense opportunities for growth. With the aim of helping players to strengthen their presence in the market, this Automotive Engineering Service Providers (ESP) Market forecast report provides a detailed analysis of the major vendors in the market. The report also gives industry leaders insight into the competitive landscape and insight into the various product offerings offered by various companies.

Technavio’s customized research reports offer detailed information on the impact of COVID-19 at the industry level, regional level, and subsequent supply chain operations. This personalized report will also help customers track new product launches in direct and indirect markets related to COVID-19, upcoming vaccines and pipeline analysis, and significant developments in supplier operations and government regulations. .

Automotive Engineering Service Provider (ESP) Market 2020-2024: Segmentation

The Automotive Engineering Service Provider (ESP) market is segmented as follows:

  • A service

    • Powertrain

    • Complete vehicle

    • Electricity / electronics

    • Others

  • Geographic landscape

    • APAC

    • Europe

    • AEM

    • North America

    • South America

To learn more about global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40095

Automotive Engineering Service Provider (ESP) Market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The Automotive Engineering Service Provider (ESP) Market Report Covers The Following Areas:

  • Automotive Engineering Service Provider (ESP) Market Size

  • Automotive Engineering Service Provider (ESP) Market Trends

  • Industry Analysis of Automotive Engineering Service Provider (ESP) Market

This study identifies the development of autonomous vehicles as one of the major reasons for the growth of the Automotive Engineering Service Provider (ESP) market over the coming years.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.

Sign up for a free trial today and get instant access to over 17,000 market research reports.

Technavio SUBSCRIPTION platform

Automotive Engineering Service Provider (ESP) Market 2020-2024: Highlights

  • Market CAGR during the forecast period 2020-2024

  • In-depth information on factors that will help the Automotive Engineering Service Provider (ESP) market growth over the next five years

  • Estimated Automotive Engineering Service Provider (ESP) Market Size and Its Contribution to Parent Market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the Automotive Engineering Service Provider (ESP) market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on the factors that will challenge the growth of Automotive Engineering Service Provider (ESP) Market vendors

Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface

  • 2.2 Preface

  • 2.3 Currency conversion rates for the US dollar

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Market segmentation analysis

PART 04: MARKET CALIBRATION

  • Market definition

  • Sizing of the 2019 market

  • Market Size and Forecast 2019-2024

PART 05: FIVE STRENGTH ANALYSIS

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new participants

  • The threat of substitutes

  • Threat of rivalry

  • State of the market

PART 06: MARKET SEGMENTATION BY SERVICE

  • Market segmentation by service

  • Comparison by service

  • Powertrain Market Size and Forecast 2019-2024

  • Complete Vehicle – Market Size and Forecast 2019-2024

  • Electricity / Electronics Market Size and Forecast 2019-2024

  • Others – Market Size and Forecast 2019-2024

  • Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHICAL LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market Size and Forecast 2019-2024

  • North America Market Size and Forecast 2019-2024

  • APAC Market Size and Forecast 2019-2024

  • South America Market Size and Forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • Main leading countries

  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market factors

  • Market challenges

PART 10: MARKET TRENDS

PART 11: SELLERS LANDSCAPE

  • Overview

  • Landscape disturbance

  • Competitive scenario

PART 12: SUPPLIER ANALYSIS

  • Covered suppliers

  • Supplier ranking

  • Positioning of sellers in the market

  • AKKA Technologies SE

  • AVL List GmbH

  • Bertrandt SA

  • Capgemini Service SAS

  • EDAG SA engineering group

  • HCL Technologies Ltd.

  • IAV GmbH Ingenieurgesellschaft Auto und Verkehr

  • Larsen & Toubro Ltée.

  • Ricardo plc

  • Tech Mahindra Ltd.

PART 13: ANNEX

  • Research methodology

  • Abreviations list

  • Definition of the market positioning of sellers

PART 14: EXPLORE TECHNAVIO

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.