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The automotive engineering service providers (ESP) market is forecasted to grow by USD 8.68 billion during 2023-2028, accelerating at a CAGR of 8.2% during the forecast period. The report on the automotive engineering service providers (ESP) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing digitization and electrification of automobiles, rising demand for advanced vehicle connectivity solutions, and development of alternative powertrain technology.
The automotive engineering service providers (ESP) market is segmented as below:
By Application
- In-house
- Out-source
By Product Type
- Powertrain
- Complete vehicle
- Electrical/electronics
- Others
By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
The report on the automotive engineering service providers (ESP) market covers the following areas:
- Automotive engineering service providers (ESP) market sizing
- Automotive engineering service providers (ESP) market forecast
- Automotive engineering service providers (ESP) market industry analysis
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The analyst recognizes the following companies as the key players in the global automotive engineering service providers (ESP) market: Adecco Group AG, Altair Engineering Inc., ASM Technologies Ltd., AVL List GmbH, Belcan LLC, Bertrandt AG, Capgemini Service SAS, EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., Magna International Inc., Mahindra and Mahindra Ltd., Onward Technologies Ltd., Ricardo Plc, Contechs Group Holdings Ltd., and L and T Technology Services Ltd.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is development of autonomous vehicles.'
According to the report, one of the major drivers for this market is the increasing digitization and electrification of automobiles.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adecco Group AG
- Altair Engineering Inc.
- ASM Technologies Ltd.
- AVL List GmbH
- Belcan LLC
- Bertrandt AG
- Capgemini Service SAS
- EDAG Group
- EPAM Systems Inc.
- FEV Group GmbH
- HCL Technologies Ltd.
- Hitachi Ltd.
- IAV GmbH
- KPIT Technologies Ltd.
- Magna International Inc.
- Mahindra and Mahindra Ltd.
- Onward Technologies Ltd.
- Ricardo Plc
- Contechs Group Holdings Ltd.
- L and T Technology Services Ltd.