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Automotive Engineering Service Providers (ESP) Market by Service and Geography - Forecast and Analysis 2020-2024 - Product Image

Automotive Engineering Service Providers (ESP) Market by Service and Geography - Forecast and Analysis 2020-2024

  • ID: 4858687
  • Report
  • November 2019
  • Region: Global
  • 146 pages
  • TechNavio
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FEATURED COMPANIES

  • AKKA Technologies SE
  • AVL List GmbH
  • Bertrandt AG
  • Capgemini Service SAS
  • EDAG Engineering Group AG
  • HCL Technologies Ltd.
  • MORE
Global Automotive Engineering Service Providers (ESP) Market: About this market

The author's automotive engineering service providers (ESP)market analysis considers sales from the powertrain, complete vehicle, electrical/electronics, and other services. Our study also finds the sales of ESP in APAC, Europe, MEA, North America, and South America. In 2019, the powertrain segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing need for rigorous testing and validation methodologies of engines and their components for compliance with stringent emission standards will play a significant role in the powertrain segment to maintain its market position. Also, our global ESP market report looks at factors such as increasing vehicle digitization and electrification, rising demand for vehicle connectivity solutions, and development of alternative powertrains. However, increasing cost pressure on OEMs, frequent changes in market dynamics lead to increase in order backlog, and rising cybersecurity threats may hamper the growth of the ESP industry over the forecast period.

Global Automotive Engineering Service Providers (ESP) Market: Overview

Increasing vehicle digitization and electrification
Manufacturers are incorporating advanced features in cars for product differentiation and sustaining the competitive market. In addition, the growing focus of OEMs on ADAS, such as lane assist system, blind-spot detection, electronic stability control, speed assist system, and adaptive cruise control has increased the number of electronic components in vehicles. Furthermore, OEMs are forming partnerships or entering into agreements with electronics, energy, and telecommunication companies to offer digitization and electrification of mechanical components. These developments. Increasing vehicle digitization and electrification will lead to the expansion of the global ESP market at a CAGR of over 6% during the forecast period.

Development of autonomous vehicles
There has been an increasing focus on the development of autonomous vehicles in recent years. Companies and OEMs are pooling their R&D resources for designing and developing successful prototypes of autonomous vehicles. In addition, automakers are partnering with technology companies for integrating vehicles with artificial intelligence to create technologically advanced vehicles. Furthermore, the growth in the development of autonomous vehicles can be attributed to the shifting perception of consumers toward car ownership. This has further encouraged the OEMs to develop more driverless and autonomous vehicles for adapting to the consumers’ behavioral changes. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global automotive engineering service providers (ESP)market is fragmented. The author's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive engineering service providers (ESP) manufacturers, that include 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.

Also, the automotive engineering service providers (ESP)market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AKKA Technologies SE
  • AVL List GmbH
  • Bertrandt AG
  • Capgemini Service SAS
  • EDAG Engineering Group AG
  • HCL Technologies Ltd.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Preface
  • 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
List of Exhibits
Exhibit 01: Global research and consulting market
Exhibit 02: Segments of global research and consulting market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2019
Exhibit 07: Global market: Size and forecast 2019-2024 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 09: Five forces analysis 2019
Exhibit 10: Five forces analysis 2024
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2019
Exhibit 17: Service - Market share 2019-2024 (%)
Exhibit 18: Comparison by service
Exhibit 19: Powertrain - Market size and forecast 2019-2024 ($ billions)
Exhibit 20: Powertrain - Year-over-year growth 2020-2024 (%)
Exhibit 21: Complete vehicle - Market size and forecast 2019-2024 ($ billions)
Exhibit 22: Complete vehicle - Year-over-year growth 2020-2024 (%)
Exhibit 23: Electrical/electronics - Market size and forecast 2019-2024 ($ billions)
Exhibit 24: Electrical/electronics - Year-over-year growth 2020-2024 (%)
Exhibit 25: Others - Market size and forecast 2019-2024 ($ billions)
Exhibit 26: Others - Year-over-year growth 2020-2024 (%)
Exhibit 27: Market opportunity by service
Exhibit 28: Customer landscape
Exhibit 29: Market share by geography 2019-2024 (%)
Exhibit 30: Geographic comparison
Exhibit 31: Europe - Market size and forecast 2019-2024 ($ billions)
Exhibit 32: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 33: North America - Market size and forecast 2019-2024 ($ billions)
Exhibit 34: North America - Year-over-year growth 2020-2024 (%)
Exhibit 35: APAC - Market size and forecast 2019-2024 ($ billions)
Exhibit 36: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 37: South America - Market size and forecast 2019-2024 ($ billions)
Exhibit 38: South America - Year-over-year growth 2020-2024 (%)
Exhibit 39: MEA - Market size and forecast 2019-2024 ($ billions)
Exhibit 40: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 41: Key leading countries
Exhibit 42: Market opportunity
Exhibit 43: Impact of drivers and challenges
Exhibit 44: Vendor landscape
Exhibit 45: Landscape disruption
Exhibit 46: Vendors covered
Exhibit 47: Vendor classification
Exhibit 48: Market positioning of vendors
Exhibit 49: AKKA Technologies SE - Vendor overview
Exhibit 50: AKKA Technologies SE - Organizational developments
Exhibit 51: AKKA Technologies SE - Geographic focus
Exhibit 52: AKKA Technologies SE - Key offerings
Exhibit 53: AVL List GmbH - Vendor overview
Exhibit 54: AVL List GmbH - Business segments
Exhibit 55: AVL List GmbH - Organizational developments
Exhibit 56: AVL List GmbH - Key offerings
Exhibit 57: Bertrandt AG - Vendor overview
Exhibit 58: Bertrandt AG - Business segments
Exhibit 59: Bertrandt AG - Organizational developments
Exhibit 60: Bertrandt AG - Geographic focus
Exhibit 61: Bertrandt AG - Segment focus
Exhibit 62: Bertrandt AG - Key offerings
Exhibit 63: Capgemini Service SAS - Vendor overview
Exhibit 64: Capgemini Service SAS - Business segments
Exhibit 65: Capgemini Service SAS - Organizational developments
Exhibit 66: Capgemini Service SAS - Geographic focus
Exhibit 67: Capgemini Service SAS - Segment focus
Exhibit 68: Capgemini Service SAS - Key offerings
Exhibit 69: EDAG Engineering Group AG - Vendor overview
Exhibit 70: EDAG Engineering Group AG - Business segments
Exhibit 71: EDAG Engineering Group AG - Organizational developments
Exhibit 72: EDAG Engineering Group AG - Geographic focus
Exhibit 73: EDAG Engineering Group AG - Segment focus
Exhibit 74: EDAG Engineering Group AG - Key offerings
Exhibit 75: HCL Technologies Ltd. - Vendor overview
Exhibit 76: HCL Technologies Ltd. - Business segments
Exhibit 77: HCL Technologies Ltd. - Organizational developments
Exhibit 78: HCL Technologies Ltd. - Geographic focus
Exhibit 79: HCL Technologies Ltd. - Segment focus
Exhibit 80: HCL Technologies Ltd. - Key offerings
Exhibit 81: IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Vendor overview
Exhibit 82: IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Business segments
Exhibit 83: IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Organizational developments
Exhibit 84: IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Key offerings
Exhibit 85: Larsen & Toubro Ltd. - Vendor overview
Exhibit 86: Larsen & Toubro Ltd. - Business segments
Exhibit 87: Larsen & Toubro Ltd. - Organizational developments
Exhibit 88: Larsen & Toubro Ltd. - Geographic focus
Exhibit 89: Larsen & Toubro Ltd. - Segment focus
Exhibit 90: Larsen & Toubro Ltd. - Key offerings
Exhibit 91: Ricardo Plc - Vendor overview
Exhibit 92: Ricardo Plc - Business segments
Exhibit 93: Ricardo Plc - Organizational developments
Exhibit 94: Ricardo Plc - Geographic focus
Exhibit 95: Ricardo Plc - Segment focus
Exhibit 96: Ricardo Plc - Key offerings
Exhibit 97: Tech Mahindra Ltd. - Vendor overview
Exhibit 98: Tech Mahindra Ltd. - Business segments
Exhibit 99: Tech Mahindra Ltd. - Organizational developments
Exhibit 100: Tech Mahindra Ltd. - Geographic focus
Exhibit 101: Tech Mahindra Ltd. - Segment focus
Exhibit 102: Tech Mahindra Ltd. - Key offerings
Exhibit 103: Validation techniques employed for market sizing
Exhibit 104: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AKKA Technologies SE
  • AVL List GmbH
  • Bertrandt AG
  • Capgemini Service SAS
  • EDAG Engineering Group AG
  • HCL Technologies Ltd.
  • MORE
The author recognizes the following companies as the key players in the global automotive engineering service providers (ESP) 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.

Commenting on the report, an analyst from the author said: “The latest trend gaining momentum in the market is the development of autonomous vehicles.”

According to the report, one of the major drivers for this market is the increasing vehicle digitization and electrification.

Further, the report states that one of the major factors hindering the growth of this market is the increasing cost pressure on OEMs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • 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.
Note: Product cover images may vary from those shown
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