In today’s world characterized by a constantly evolving technology landscape and rapidly changing customer needs, Engineering Research and Development (ER&D) has become a key contributor to an enterprise’s ability to differentiate itself and stay competitive in the market. Realizing this, companies are making strategic investments in ER&D to stay ahead in the technology race and introduce innovative products quickly.

In this research, Everest Group deep dives into the global ER&D market and assesses the global top 200 enterprises with the highest ER&D spend across eight key industries, with special focus on the companies’ key investment priorities and technologies driving ER&D spend. The global business spend on ER&D activities increased by 4% in 2018 to reach US$740 billion; enterprises featured in this report accounted for approximately 56% of this spend. Our research also shows that while use cases around Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and blockchain continue to be implemented in industries as diverse as medical devices, consumer electronics, and automotive, industry-specific themes such as 5G, 5nm chip technology, electric and autonomous vehicles, and immersive technologies in consumer electronic goods have also come to the fore.

Additionally, the report provides industry-level insights on enterprise R&D spend growth, R&D intensity (R&D spend as a percentage of revenue), and a timeline of recent R&D initiatives and investments. Given that enterprises are increasingly engaging with service providers to leverage talent, technology, and process know-how, the report also lays out the implications for engineering service providers.

Scope

• Research area: engineering services
• Geography: global
• Industries covered: software products, automotive, aerospace & defense, semiconductors, telecom service providers, telecom equipment providers, consumer electronics, and medical devices

Contents

The research covers the following topics:

• ER&D trends and priorities for the top 200 enterprises across eight industries
• Details of ER&D spend growth, R&D spend intensity for all enterprises, and timeline of key investments and initiatives by industry
• Details of R&D spend intensity and R&D efficiency for the top 30 enterprises
• The path ahead for ER&D activities and implications for engineering service providers

Membership(s)

Engineering Services