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

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

Global Automotive Engineering Service Providers (ESP) Market: About this market

Technavio’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.

For the detailed list of factors that will drive the global automotive engineering service providers (ESP)market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global automotive engineering service providers (ESP)market is fragmented. Technavio’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.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global research and consulting market
      • Table Segments of global research and consulting market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ billions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by service
    • Table Service - Market share 2019-2024 (%)
    • Comparison by service
      • Table Comparison by service
    • Powertrain - Market size and forecast 2019-2024
      • Table Powertrain - Market size and forecast 2019-2024 ($ billions)
      • Table Powertrain - Year-over-year growth 2020-2024 (%)
    • Complete vehicle - Market size and forecast 2019-2024
      • Table Complete vehicle - Market size and forecast 2019-2024 ($ billions)
      • Table Complete vehicle - Year-over-year growth 2020-2024 (%)
    • Electrical/electronics - Market size and forecast 2019-2024
      • Table Electrical/electronics - Market size and forecast 2019-2024 ($ billions)
      • Table Electrical/electronics - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ billions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by service
      • Table Market opportunity by service
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ billions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ billions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Development of autonomous vehicles
    • Fully integrated engineering data process chain for additive manufacturing
    • Industry 4.0: Trends impacting automotive ESP
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AKKA Technologies SE
      • Table AKKA Technologies SE - Vendor overview
      • Table AKKA Technologies SE - Organizational developments
      • Table AKKA Technologies SE - Geographic focus
      • Table AKKA Technologies SE - Key offerings
    • AVL List GmbH
      • Table AVL List GmbH - Vendor overview
      • Table AVL List GmbH - Business segments
      • Table AVL List GmbH - Organizational developments
      • Table AVL List GmbH - Key offerings
    • Bertrandt AG
      • Table Bertrandt AG - Vendor overview
      • Table Bertrandt AG - Business segments
      • Table Bertrandt AG - Organizational developments
      • Table Bertrandt AG - Geographic focus
      • Table Bertrandt AG - Segment focus
      • Table Bertrandt AG - Key offerings
    • Capgemini Service SAS
      • Table Capgemini Service SAS - Vendor overview
      • Table Capgemini Service SAS - Business segments
      • Table Capgemini Service SAS - Organizational developments
      • Table Capgemini Service SAS - Geographic focus
      • Table Capgemini Service SAS - Segment focus
      • Table Capgemini Service SAS - Key offerings
    • EDAG Engineering Group AG
      • Table EDAG Engineering Group AG - Vendor overview
      • Table EDAG Engineering Group AG - Business segments
      • Table EDAG Engineering Group AG - Organizational developments
      • Table EDAG Engineering Group AG - Geographic focus
      • Table EDAG Engineering Group AG - Segment focus
      • Table EDAG Engineering Group AG - Key offerings
    • HCL Technologies Ltd.
      • Table HCL Technologies Ltd. - Vendor overview
      • Table HCL Technologies Ltd. - Business segments
      • Table HCL Technologies Ltd. - Organizational developments
      • Table HCL Technologies Ltd. - Geographic focus
      • Table HCL Technologies Ltd. - Segment focus
      • Table HCL Technologies Ltd. - Key offerings
    • IAV GmbH Ingenieurgesellschaft Auto und Verkehr
      • Table IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Vendor overview
      • Table IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Business segments
      • Table IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Organizational developments
      • Table IAV GmbH Ingenieurgesellschaft Auto und Verkehr - Key offerings
    • Larsen & Toubro Ltd.
      • Table Larsen & Toubro Ltd. - Vendor overview
      • Table Larsen & Toubro Ltd. - Business segments
      • Table Larsen & Toubro Ltd. - Organizational developments
      • Table Larsen & Toubro Ltd. - Geographic focus
      • Table Larsen & Toubro Ltd. - Segment focus
      • Table Larsen & Toubro Ltd. - Key offerings
    • Ricardo Plc
      • Table Ricardo Plc - Vendor overview
      • Table Ricardo Plc - Business segments
      • Table Ricardo Plc - Organizational developments
      • Table Ricardo Plc - Geographic focus
      • Table Ricardo Plc - Segment focus
      • Table Ricardo Plc - Key offerings
    • Tech Mahindra Ltd.
      • Table Tech Mahindra Ltd. - Vendor overview
      • Table Tech Mahindra Ltd. - Business segments
      • Table Tech Mahindra Ltd. - Organizational developments
      • Table Tech Mahindra Ltd. - Geographic focus
      • Table Tech Mahindra Ltd. - Segment focus
      • Table Tech Mahindra Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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