LONDON–(BUSINESS WIRE)–Technavio monitors the Automotive Engineering Service Provider (ESP) market and it is poised to grow by $5.31 billion between 2020 and 2024, growing at a CAGR of over 6% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and overall market environment.
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Frequently Asked Questions-
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What is the year-over-year growth of the automotive engineering service provider (ESP) market in 2020?
Technavio says the market’s year-over-year growth is 5.61% in 2020. -
How fast is the market expected to grow during the forecast period 2020-2024?
With a CAGR of almost 6%, the market growth will accelerate during the forecast period. -
What is the key factor driving the market?
Increase the digitization and electrification of vehicles. -
Who are the best market players?
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. are the main actors. on the market. -
Which region is expected to hold the highest market share?
APAC. -
What is the major trend in the Automotive Engineering Service Provider (ESP) market?
Development of autonomous vehicles. -
Based on segmentation by service, which segment is expected to experience the fastest growth in the global market?
Powertrain.
The market is fragmented and the degree of fragmentation will accelerate over 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. To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing digitization and electrification of vehicles has been instrumental in driving the growth of the market. However, frequent changes in market dynamics might hamper the growth of the market.
Automotive Engineering Service Provider (ESP) Market 2020-2024: Segmentation
The Automotive Engineering Service Provider (ESP) Market is segmented as follows:
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Service
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Powertrain
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Complete vehicle
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Electric/electronic
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Others
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Geographic landscape
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APAC
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Europe
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AEM
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North America
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South America
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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 several sources. Our Automotive Engineering Service Provider (ESP) Market report covers the following areas:
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Automotive Engineering Service Provider (ESP) Market Size
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Automotive Engineering Service Provider (ESP) Market Trends
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Industry Analysis of the Automotive Engineering Service Providers (ESP) Market
This study identifies the development of autonomous vehicles as one of the major reasons driving the growth of the Automotive Engineering Service Provider (ESP) market over the next few years.
Automotive Engineering Service Provider (ESP) Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Automotive Engineering Service Provider (esp) Market including some of the vendors such as 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. Backed by competitive intelligence and benchmarking, our Automotive Engineering Service Provider (ESP) market research reports are designed to provide entry assistance, customer profile and mergers and acquisitions along with the support for go-to-market strategy.
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Automotive Engineering Service Provider (ESP) Market 2020-2024: Key Highlights
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Market CAGR over the forecast period 2020-2024
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In-depth information on factors that will assist Automotive Engineering Service Provider (ESP) market growth over the next five years
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Estimation of the Automotive Engineering Service Provider (ESP) market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The Growth of the Automotive Engineering Service Provider (ESP) Market
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Market Competitive Landscape Analysis and Detailed Vendor Information
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Comprehensive details of factors that will challenge the growth of the Automotive Engineering Service Provider (ESP) Market vendors
Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF REPORT
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2.1 Preface
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2.2 Preface
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2.3 Currency conversion rates for the US dollar
PART 03: MARKET LANDSCAPE
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Market ecosystem
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Market characteristics
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Market Segmentation Analysis
PART 04: MARKET SIZE
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Market definition
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Market size 2019
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Market Size and Forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
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The bargaining power of buyers
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Bargaining power of suppliers
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The threat of new entrants
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The threat of substitutes
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Threat of rivalry
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Market state
PART 06: MARKET SEGMENTATION BY SERVICE
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Market segmentation by service
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Comparison by service
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Powertrain – Market size and forecast 2019-2024
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Complete Vehicle – Market size and forecast 2019-2024
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Electrical/Electronics – Market size and forecast 2019-2024
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Others – Market size and forecast 2019-2024
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Market opportunity by service
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHICAL LANDSCAPE
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Geographic segmentation
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Geographic comparison
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Europe – Market size and forecast 2019-2024
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North America – Market size and forecast 2019-2024
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APAC – Market size and forecast 2019-2024
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South America – Market size and forecast 2019-2024
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MEA – Market size and forecast 2019-2024
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Main leading countries
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Market opportunity
PART 09: DRIVERS AND CHALLENGES
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Market factors
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Market challenges
PART 10: MARKET TRENDS
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Development of autonomous vehicles
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Fully integrated engineering data processing chain for additive manufacturing
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Industry 4.0: Trends impacting automotive ESP
PART 11: VENDOR LANDSCAPE
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Overview
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Landscape disturbance
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Competitive scenario
PART 12: SUPPLIER ANALYSIS
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Suppliers Covered
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Ranking of suppliers
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Positioning on the supplier market
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AKKA Technologies SE
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AVL List GmbH
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Bertrandt AG
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Capgemini Service SAS
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EDAG Engineering Group AG
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HCL Technologies Ltd.
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IAV GmbH Ingenieurgesellschaft Auto und Verkehr
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Larsen & Toubro Ltd.
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Ricardo S.A.
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Tech Mahindra Ltd.
PART 13: APPENDIX
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Research methodology
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Abreviations list
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Definition of the market positioning of suppliers
PART 14: EXPLORE TECHNAVIO
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