Leading the Pack: Trends for the Top 200 Engineering Research & Development (ER&D) Enterprises 2023

Enterprises influenced the 2022 global Engineering and Research and Development (ER&D) spending by adopting a cautious strategy amid economic uncertainties. Despite this approach, new investment themes emerged. Heightened customer demand for intelligent, sustainable, and interconnected products drove this shift, motivating enterprises to allocate resources toward R&D activities in these innovative areas.

In this research, we analyze the global ER&D market, focusing on the top 200 enterprises with the highest ER&D spend across 10 industry verticals. Our study reveals that global business spending on ER&D activities increased by 5.1% in 2020, reaching US$1.4 trillion, with the enterprises featured in this report accounting for 49% of this spend.

Our research examines enterprises’ key investment areas, ER&D spend growth, and spend intensity (ER&D spend as a percentage of revenue). We also capture prominent themes driving growth in the ER&D space across industries. Furthermore, this report outlines the evolving enterprise ER&D priorities and projects the future growth outlook.

Scope

• Geography: global
• Industries: software products, automotive, aerospace and defense, compute and storage, consumer electronics, industrial products, medical devices semiconductors, telecom equipment providers, and telecom service providers

Contents

In this report, we examine:

• ER&D trends and priorities for the top 200 enterprises across 10 industries
• ER&D spend growth, enterprises’ ER&D spend intensity, and key investments and initiatives

Membership (s)

Engineering Research and Development

Software Product Engineering Services