COVID-19 Impacts: Automotive Engineering Service Providers (ESP) Market will Accelerate at a CAGR of over 6% through 2020-2024 | Increasing Vehicle Digitization And Electrification to Boost Growth | Technavio

Technavio has been monitoring the automotive engineering service providers (ESP) market and it is poised to grow by $ 5.31 bn during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing vehicle digitization and electrification has been instrumental in driving the growth of the market. However, frequent changes in market dynamics might hamper the market growth.

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

Automotive Engineering Service Providers (ESP) Market is segmented as below:

  • Service
    • Powertrain
    • Complete Vehicle
    • Electrical/electronics
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

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

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

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive engineering service providers (ESP) market report covers the following areas:

  • Automotive Engineering Service Providers (ESP) Market size
  • Automotive Engineering Service Providers (ESP) Market trends
  • Automotive Engineering Service Providers (ESP) Market industry analysis

This study identifies the development of autonomous vehicles as one of the prime reasons driving the automotive engineering service providers (ESP) market growth during the next few years.

Automotive Engineering Service Providers (ESP) Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automotive engineering service providers (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 with competitive intelligence and benchmarking, our research reports on the automotive engineering service providers (ESP) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist automotive engineering service providers (ESP) market growth during the next five years
  • Estimation of the automotive engineering service providers (ESP) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive engineering service providers (ESP) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive engineering service providers (ESP) market vendors

Table Of Contents :

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

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
  • Electrical/electronics - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC 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
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Development of autonomous vehicles
  • Fully integrated engineering data process chain for additive manufacturing
  • Industry 4.0: Trends impacting automotive ESP

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 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
  • Tech Mahindra Ltd.

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

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