The 2017 EU Industrial R&D Investment Scoreboard

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(CC) 2017 EU Industrial R&D Investment Scoreboard/IRIThe 2017 edition of the EU R&D Scoreboard (the Scoreboard) comprises the 2500 companies investing the largest sums in R&D in the world in 2016/17. These companies, based in 43 countries, each invested over €24m in R&D for a total of €741.6bn which is approximately 90% of the world’s business-funded R&D. They include 567 EU companies accounting for 26% of the total, 822 US companies for 39%, 365 Japanese companies for 14%, 376 Chinese for 8% and the rest-of-the-world (RoW) for 13%.

Worldwide, companies’ R&D investment increased by 5.8% over the previous year, the sixth consecutive year of significant increases. The companies headquartered in the EU increased their R&D investments more than the global average up to 7.0%. This increase is similar to the US (7.2%) and substantially above Japan (-3.0%). Chinese companies increased their R&D investment by 18.8%.

R&D growth was driven by ICT services (+11.7%), followed by Health and ICT producers (6.9% and 6.8% respectively). These three sectors, together with Automobiles, account for 75% of the total R&D of the 2500 companies in the Scoreboard. R&D investment of companies in the Automobiles and Aerospace & Defence sectors grew at a lower pace (2.7% and 2.2%, respectively), whereas that of Chemicals companies decreased (-1.9%).

In the EU, R&D growth was driven by the same sectors as worldwide, i.e. ICT producers (+14.4%), ICT services (+12.7%), Health industries (+7.9%) and Automobiles (+6.7%). However, companies from a few important sectors for the EU economy decreased their R&D, in particular Aerospace & Defence (-5.4%) and to a lesser extent Chemicals (-0.8%).

Download the 2017 Scoreboard report.