Market Share of Automotive Engineering Services Outsourcing Industry
The automotive engineering services outsourcing market is consolidated and led by globally and regionally established players. These companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance,
- In September 2023, HCLTech acquired a 100% stake in the German automotive engineering services provider ASAP Group for USD 276 million. The transaction was expected to close by September 2023. ASAP is focused on future-oriented automotive technologies in areas such as autonomous driving, e-mobility, and connectivity.
Some major players dominating the market include AVL List GmbH, Bertrandt AG, EDAG Engineering GmbH, IAV GmbH, and Altran.
Automotive Engineering Services Outsourcing Market Leaders
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Bertrandt AG
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IAV GmbH
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AVL List GmbH
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EDAG Group
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AKKA Technologies
*Disclaimer: Major Players sorted in no particular order
