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

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LONDON–(BUSINESS WIRE)–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.

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

Frequently Asked Questions-

  • What is the year-over-year growth of the automotive engineering service providers (ESP) market in 2020?

    Technavio says that the year-over-year growth of the market is 5.61% in 2020.
  • At what rate is the market projected to grow during the forecast period 2020-2024?

    Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period.
  • What is the key factor driving the market?
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With Bronco, F-150, and Mustang Mach-E, Ford’s Future Comes Into View

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From Car and Driver

At the Detroit Auto Show in 2016, Ford used its press conference not to launch a car (as is traditional) but to proclaim its intent to transition from being an automotive company to an auto and mobility company. The service they launched that day, called FordPass, has yet to revolutionize the automotive experience. But the last six months at Ford have proved it is still interested in diversifying. The debuts of the Mustang Mach-E, F-150, and the revived Bronco, plus a leadership change that elevated Jim Farley, former head of new business, technology, and strategy, signal that Ford is getting serious about becoming more than just a car company.

Those three launches were important to the company for all the usual reasons (continued revenue, the chance to be better than Ram again, etc.), but they also serve as clear signals that Ford is finally in the

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Adding a 3-D Printer to the Garage Might Finally Make Sense

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From Car and Driver

The gentleman who sold me my first car, a 1969 Datsun 2000, asked me to cup my hands as he poured out a jumble of letters. I dropped them onto the faded yellow hood of the roadster and arranged them: D-A-T-S-U-N. They likely cost pennies to produce, but they were priceless to me, even the T with missing a nib that would make attaching it to the car difficult. If I lost any of these letters in 1989, that was it. I had no way to replace them. I couldn’t scour online auctions, because those didn’t exist. While there were far more Datsuns on the road in the ’80s than there are now, it was unlikely anyone else near me would part with their precious portions of the alphabet. And don’t even get me started on the anxiety I had about losing the “Datsun” and “2000”

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Chinese carmaker previews Ford Bronco-esque SUV

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American motorists aren’t the only ones who fell head over heels for the new Ford Bronco. Across the Pacific, China-based Wey announced an SUV called P01 that incorporates some of the off-roader’s styling cues.

Up front, the P01 is characterized by a tall, upright grille and round lights each split by horizontal LEDs. This design solution also appears on the Bronco and the Bronco Sport, and it was leaked online in December 2019. Its fender flares are closer to the Jeep Wrangler’s than to the Bronco’s, while its rear end wears vertical lights and an external spare tire. It’s not a Xerox copy of the Bronco, but the Ford vibes are strong. It’s also reminiscent of the Jeep CJ-like Beijing Automotive Works (BAW) BJ212 introduced in 1965 and built for decades.

We don’t know if the P01 features unibody architecture, or if it gets a

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