Automotive Engineering Service Providers (ESP) Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 14 Countries

NEW YORK, Nov. 3, 2022 /PRNewswire/ — The Automotive Engineering Service Providers (ESP) Market share is expected to increase by USD 8381.88 million from 2022 to 2027, with an accelerated CAGR of 8.2% – according to the recent market study by Technavio. This report also offers a 5-year historic (2017-2021) data projection of market size, segment, and region. The Y-O-Y growth rate of the Automotive Engineering Service Providers (ESP) Market is estimated at 7.38% as of 2023. Moreover, the market is fragmented. Our analysts have conducted an internal and external analysis of vendors to help companies understand the wider business environment as well as the strength and weaknesses of key market players. Our report also forecasts the Bargaining Power of Buyers & Suppliers and the Threat of New Entrants & Rivalry ranging between LOW-MODERATE during the forecast period.

Find Analysis of Price Sensitivity, Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria Prepared Exclusively by Technavio Research Analysts

• One of the core components of customer landscape is Price Sensitivity – an analysis of which will help companies refine marketing strategies to gain a competitive advantage.   
• Moreover, this report also provides impact of price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to the buyer, and quality is not important), which are expected to range between LOW-HIGH from 2023-2027.
• Our report provides extensive information on the customer landscape of the Automotive Engineering Service Providers (ESP) Market, involving qualitative and quantitative intelligence. 

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The Automotive Engineering Service Providers (ESP) Market Report Also Offers Information on the Criticality of Inputs, R&D, Capex, Technology, Labor, and Brand of 20 Vendors Listed Below –

• AKKA Technologies SE
• Altair Engineering Inc.
• AVL List GmbH
• Capgemini Service SAS
• EDAG Group
• EPAM Systems Inc.
• FEV Group GmbH
• HCL Technologies Ltd.
• Hitachi Ltd.
• IAV GmbH
• KPIT Technologies Ltd.
• L&T Technology Services Ltd.
• Mahindra & Mahindra Ltd.
• Onward Technologies Ltd.
• Ricardo Plc
• ASM Technologies Ltd.
• Belcan LLC
• Contechs Holdings Ltd.
• Magna International Inc.

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Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparison and Y-O-Y Growth of Automotive Engineering Service Providers (ESP) Industry Segment

• The market is segmented by Service (Powertrain, Complete Vehicle, Electrical/Electronics, and Others) and Location (In-house and Outsource).
• By Service – The powertrain segment shows a gradual increase in demands during 2023-2027.
• OEMs are working on developing lightweight engines that can reduce the overall weight of a vehicle. This will have a positive impact on engine efficiency and, in turn, result in improved performance and reduced fuel consumption.
• Fuel consumption is a key parameter for OEMs and consumers. Therefore, the strengthening of fuel economy standards across the world is driving the segment.

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Increasing Vehicle Digitization and Electrification is Notably Driving the Automotive Engineering Service Providers (ESP) Market Growth

Electronic systems have replaced mechanical components in many automobiles owing to the need for information, reduction in fuel consumption, low emissions, increase in safety, driver assistance, and an enhanced driving experience. Manufacturers are incorporating advanced features to differentiate their products. In addition, the growing focus on ADAS, such as lane assist systems, adaptive cruise control, blind spot detection, speed assist system, electronic stability control, and park assist system, will increase the volume of electronic components in vehicles.

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Chart & Data Table on Historic Market Size (2017-2021), Comparison and Y-O-Y Growth of 14 Countries of Automotive Engineering Service Providers (ESP) Industry

• The market is segmented by Geography into North America (The US and Canada), Europe (The UK, Germany, France, and Rest of Europe), APAC (China and India), South America (Brazil, Argentina, and Colombia), and Middle East & Africa (Saudi Arabia, South Africa, and Rest of the Middle East & Africa).
• Europe is projected to contribute 30% of market growth by 2027. The growth of the market in Europe is attributed to factors such as the presence of leading global automakers, such as Volkswagen AG (Volkswagen), Mercedes-Benz AG (Mercedes-Benz), BMW AG (BMW), and AB Volvo (Volvo). Countries such as Germany, France, Spain, and the UK will be the major contributors to market growth in the region. The development of autonomous vehicles and the rising focus on connected cars in Europe are encouraging ESP vendors to design and develop engineering solutions. Hence, the business prospects for ESP vendors will increase in the region during the forecast period. 
• The growth of the automotive engineering service providers (ESP) market declined in 2020 and 2021 due to the outbreak of COVID-19, as governments of various countries imposed lockdowns. However, in 2021, government initiatives, such as large-scale vaccination drives, led to a relaxation of lockdown restrictions and the resumption of business operations. In addition, governments started focusing on reviving industrial growth to improve the sales and production of vehicles in Europe 2022 onward. These factors will increase the demand for automotive ESPs, which, in turn, will fuel the growth of the market in the region during the forecast period. 

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Location
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive engineering service providers (ESP) market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global automotive engineering service providers (ESP) market 2017 – 2021 ($ million)

• 4.2 Service Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 – 2021 ($ million)

• 4.3 Location Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Location Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments 
• Exhibit 30: Chart on Service – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service – Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Powertrain – Market size and forecast 2022-2027
• Exhibit 34: Chart on Powertrain – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Powertrain – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Powertrain – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Powertrain – Year-over-year growth 2022-2027 (%)

• 6.4 Complete vehicle – Market size and forecast 2022-2027
• Exhibit 38: Chart on Complete vehicle – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Complete vehicle – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Complete vehicle – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Complete vehicle – Year-over-year growth 2022-2027 (%)

• 6.5 Electrical/electronics – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Electrical/electronics – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Electrical/electronics – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Electrical/electronics – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Electrical/electronics – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Service 
• Exhibit 50: Market opportunity by Service ($ million)

7 Market Segmentation by Location

• 7.1 Market segments 
• Exhibit 51: Chart on Location – Market share 2022-2027 (%)
• Exhibit 52: Data Table on Location – Market share 2022-2027 (%)

• 7.2 Comparison by Location 
• Exhibit 53: Chart on Comparison by Location
• Exhibit 54: Data Table on Comparison by Location

• 7.3 In-house – Market size and forecast 2022-2027
• Exhibit 55: Chart on In-house – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on In-house – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on In-house – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on In-house – Year-over-year growth 2022-2027 (%)

• 7.4 Out-source – Market size and forecast 2022-2027
• Exhibit 59: Chart on Out-source – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Out-source – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Out-source – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Out-source – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Location 
• Exhibit 63: Market opportunity by Location ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 Europe – Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 Germany – Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.10 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.11 France – Market size and forecast 2022-2027
• Exhibit 101: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027
• Exhibit 105: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 AKKA Technologies SE 
• Exhibit 116: AKKA Technologies SE – Overview
• Exhibit 117: AKKA Technologies SE – Business segments
• Exhibit 118: AKKA Technologies SE – Key offerings
• Exhibit 119: AKKA Technologies SE – Segment focus

• 12.4 Altair Engineering Inc. 
• Exhibit 120: Altair Engineering Inc. – Overview
• Exhibit 121: Altair Engineering Inc. – Business segments
• Exhibit 122: Altair Engineering Inc. – Key offerings
• Exhibit 123: Altair Engineering Inc. – Segment focus

• 12.5 ASM Technologies Ltd. 
• Exhibit 124: ASM Technologies Ltd. – Overview
• Exhibit 125: ASM Technologies Ltd. – Key offerings

• 12.6 AVL List GmbH 
• Exhibit 126: AVL List GmbH – Overview
• Exhibit 127: AVL List GmbH – Product / Service
• Exhibit 128: AVL List GmbH – Key offerings

• 12.7 Belcan LLC 
• Exhibit 129: Belcan LLC – Overview
• Exhibit 130: Belcan LLC – Product / Service
• Exhibit 131: Belcan LLC – Key offerings

• 12.8 Bertrandt AG 
• Exhibit 132: Bertrandt AG – Overview
• Exhibit 133: Bertrandt AG – Product / Service
• Exhibit 134: Bertrandt AG – Key news
• Exhibit 135: Bertrandt AG – Key offerings

• 12.9 Capgemini Service SAS 
• Exhibit 136: Capgemini Service SAS – Overview
• Exhibit 137: Capgemini Service SAS – Business segments
• Exhibit 138: Capgemini Service SAS – Key news
• Exhibit 139: Capgemini Service SAS – Key offerings
• Exhibit 140: Capgemini Service SAS – Segment focus

• 12.10 Contechs Holdings Ltd. 
• Exhibit 141: Contechs Holdings Ltd. – Overview
• Exhibit 142: Contechs Holdings Ltd. – Product / Service
• Exhibit 143: Contechs Holdings Ltd. – Key offerings

• 12.11 EDAG Group 
• Exhibit 144: EDAG Group – Overview
• Exhibit 145: EDAG Group – Product / Service
• Exhibit 146: EDAG Group – Key news
• Exhibit 147: EDAG Group – Key offerings

• 12.12 EPAM Systems Inc. 
• Exhibit 148: EPAM Systems Inc. – Overview
• Exhibit 149: EPAM Systems Inc. – Business segments
• Exhibit 150: EPAM Systems Inc. – Key offerings
• Exhibit 151: EPAM Systems Inc. – Segment focus

• 12.13 HCL Technologies Ltd. 
• Exhibit 152: HCL Technologies Ltd. – Overview
• Exhibit 153: HCL Technologies Ltd. – Business segments
• Exhibit 154: HCL Technologies Ltd. – Key offerings
• Exhibit 155: HCL Technologies Ltd. – Segment focus

• 12.14 IAV GmbH 
• Exhibit 156: IAV GmbH – Overview
• Exhibit 157: IAV GmbH – Product / Service
• Exhibit 158: IAV GmbH – Key offerings

• 12.15 L and T Technology Services Ltd. 
• Exhibit 159: L and T Technology Services Ltd. – Overview
• Exhibit 160: L and T Technology Services Ltd. – Business segments
• Exhibit 161: L and T Technology Services Ltd. – Key offerings
• Exhibit 162: L and T Technology Services Ltd. – Segment focus

• 12.16 Mahindra and Mahindra Ltd. 
• Exhibit 163: Mahindra and Mahindra Ltd. – Overview
• Exhibit 164: Mahindra and Mahindra Ltd. – Business segments
• Exhibit 165: Mahindra and Mahindra Ltd. – Key news
• Exhibit 166: Mahindra and Mahindra Ltd. – Key offerings
• Exhibit 167: Mahindra and Mahindra Ltd. – Segment focus

• 12.17 Ricardo Plc 
• Exhibit 168: Ricardo Plc – Overview
• Exhibit 169: Ricardo Plc – Business segments
• Exhibit 170: Ricardo Plc – Key offerings
• Exhibit 171: Ricardo Plc – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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