Leading the Pack: Trends for the Top 200 Engineering Research & Development (ER&D) Enterprises

29 May 2018
by Chirajeet Sengupta, Ronak Doshi, Prashray Kala, Anirban Deuri, Mayank Maria
In today’s world of continuously evolving technology landscape and intensifying competition, Research and Development (R&D) activities are playing an increasingly significant role than ever before for businesses to stay innovative, sustainable, and ready for the challenges of future. The global spend on R&D activities grew at a Compound Annual Growth Rate (CAGR) of ~3.5% during 2010-2017. The widespread proliferation of software across verticals is leading to a shift in “core vs. context” for enterprises and is driving enterprise R&D investments in new areas beyond conventional investments for product development and upgrades.

Themes such as Artificial Intelligence (AI), Internet of Things (IoT), Machine to Machine (M2M) communication, Augmented Reality (AR) / Virtual Reality (VR), and Blockchain are finding use-cases across verticals and are enabling enterprises to innovate on both products and services while also realizing operational efficiencies. At the same time, industry-specific technology themes such as 5G, Software-Defined Everything (SDx), electric automotive powertrains, and additive manufacturing are also gaining significant traction.

In this research, Everest Group assesses the R&D expenditure across key industries in terms of growth trends and key technology themes driving enterprise spend. It also provides enterprise-level insights for leading R&D spenders in terms of their R&D spend growth, R&D intensity (R&D spend as a percentage of revenue), and key focus areas and investments.

Scope of this report

  • Services: Additive manufacturing
  • Geography: Global


The research covers the following topics:

  • Engineering Research & Development (ER&D) trends across seven industries, based on the top 200 companies
  • Details of ER&D spend, R&D spend intensity, and R&D efficiency for the top 30 enterprises
  • Analysis of ER&D spend priorities for top 10 ER&D spending enterprises
  • The path ahead for E&D activities and implications for engineering service providers


Engineering Services


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