Scoreboard
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The 2019 EU Industrial R&D Investment Scoreboard
The 2019 edition of the EU Industrial R&D Investment Scoreboard (the Scoreboard) comprises the 2500 companies investing the largest sums… Show more in R&D in the world in 2018/19. These companies, based in 44 countries, each invested over €30 million in R&D for a total of €823.4bn which is approximately 90% of the world’s business-funded R&D. They include 551 EU companies accounting for 25% of the total, 769 US companies for 38%, 318 Japanese companies for 13%, 507 Chinese for 12% and 355 from the rest-of-the-world (RoW) for 12%. This report analyses the main changes in companies' R&D and economic indicators over the past year and their performance over the past ten years. It also includes patent-based analyses aimed at characterising further the R&D efficiency of the business health sector and the activity of the Scoreboard companies in the field of environmental technologies. Show less
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The 2018 EU Industrial R&D Investment Scoreboard
The 2018 edition of the EU Industrial R&D Investment Scoreboard (the Scoreboard) comprises the 2500 companies investing the largest sums… Show more in R&D in the world in 2017/18. These companies, based in 46 countries, each invested over €25 million in R&D for a total of €736.4bn which is approximately 90% of the world's business-funded R&D. They include 577 EU companies accounting for 27% of the total, 778 US companies for 37%, 339 Japanese companies for 14%, 438 Chinese for 10% and 368 from the rest-of-the-world (RoW) for 12%. The top 2500 Scoreboard companies invested in R&D €736.4bn in 2017/18, an increase of 8.3% with respect to the previous period. Companies also raised most financial indicators: net sales reversed the negative trend shown since 2011, increasing more than the R&D investment (9.8%); overall profits showed an impressive growth of 22.6%; capital expenditures recovered after 3 negative years (5.1%) and the number of employees continued to increase at a modest pace (2.1%). Worldwide R&D growth was driven by the ICT services and producers sectors (13% and 11% respectively), followed by the Health sector (7.7%) while the lowest R&D performance was shown by the Industrials sector (3.3%) and by Aerospace & Defence (-4.3%). The growth in net sales was led by oil-related companies due to the recovery of oil prices but significant increases were reported also in Automobiles, ICT industries and in the Industrials sector. The overall increase of profits was mostly due to oil-related companies but profits' growth of more than 20% were reported by ICT producers and Aerospace & Defence sectors while Health industries showed a decline in profits. The increases in Capex were observed especially in the ICT producers sector and also in oil-related companies. The 577 companies based in the EU invested €200.1bn in R&D, an important increase in this period (5.5%) although at a lower pace than in the previous year (6.7%). The Japanese companies presented a similar R&D growth rate than their EU counterparts (5.8%) while companies based in the US and China showed a much higher R&D growth rates (9.0% and 20.0% respectively). Worldwide an important sector shift occurred in ICT industries, mainly in ICT services that increased their R&D share from 10.8% to 14.2% but also in ICT producers (from 23.0% to 23.7%). On the other hand, sectors that underwent a decreases in R&D shares were mainly low-tech sectors and also, to a lesser extent, Industrials, Aerospace & Defence and Chemicals. EU companies reinforced their specialisation in medium-high tech sectors, increasing significantly their R&D contribution to the global R&D of Automobiles by more than 6 percentage points. In contrast, EU companies reduced their global R&D share in ICT industries by more than 8 percentage points and to a lesser extent in low tech and Chemicals sectors. In line with the R&D shift, the net sales of EU companies increased their global weight in Automobiles, Aerospace & Defence and Health industries while decreasing it sharply in ICT industries and to a lesser extent in low tech. Show less
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The 2017 EU Industrial R&D Investment Scoreboard
The 2017 edition of the EU R&D Scoreboard (the Scoreboard) comprises the 2500 companies investing the largest sums in R&D… Show more 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%). The 2017 Scoreboard includes an analysis of the 10-year economic and R&D performance of the top R&D investors showing that: The EU share of world R&D remained constant at 26%, whereas at sector level, significant changes in EU's R&D shares are observed, namely an increase in the Automobiles sector (from 36% to 44%) and a decrease in Aerospace & Defence (from 48% to 42%). Compared to their non-EU counterparts, EU companies outperform or perform comparably in size (of R&D and sales) and R&D intensity for Aerospace & defence, Automobiles and Pharmaceuticals. But in Biotechnology, Software and IT hardware the EU shows persistent weaknesses in most indicators such as size and R&D/firm or sales/firm (in particular compared to US companies). The EU/non-EU gap in these latter three sectors has widened over the last ten years. In terms of productivity (net sales/employee ratio), EU and US companies showed similar overall performance (ca. 14% increase in both net sales and employment). However, at sector level, contrasting productivity changes are observed, e.g. in Automobiles, EU 17% vs. US -15%; in ICT sectors, EU -1% vs. US 31% and in low tech sectors, EU -10% vs. US -33%. Show less
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The 2016 EU Industrial R&D Investment Scoreboard
The 2016 edition of the EU Industrial R&D Investment Scoreboard (the Scoreboard) analyses the 2500 companies investing the largest sums… Show more in R&D in the world in the fiscal year 2015/16. It comprises companies based in the EU (590), the US (837), Japan (356), China (327), Taiwan (111), South Korea (75), Switzerland (58) and further 20 countries. This Scoreboard edition shows significant worldwide rise of corporate R&D, driven by high-tech industries while revenues declined mostly due to low-tech sectors. The top 2500 Scoreboard firms invested in R&D €696bn in 2015/16, an increase of 6.6% over the previous year. EU companies increased R&D above both the world's and US's growth rates and Asian companies continued to show substantial R&D growth but a slowing of revenue growth. R&D Growth was driven by companies operating in the largest R&D-investing industries (ICT, health and auto), that also increased significantly net sales, while the overall fall in net sales was mostly due to low world oil and commodity prices. The Software industry showed the highest R&D growth worldwide led by global software firms. Global R&D is concentrated with the top 100 global R&D investors accounting for 53.1% of the R&D of the whole top 2500 and the top 50 companies accounting for 40%. Among the top 50 R&D investors, there are 15 EU companies, same as in last ranking and 30 firms among top 100, one more than last year. Show less
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The 2015 EU Industrial R&D Investment Scoreboard
The 2015 EU R&D Scoreboard (the Scoreboard) reports economic and financial information on the world's top 2500 companies that invested… Show more €607.2 billion in R&D over the last fiscal year (2014). It comprises 608 companies based in the EU, 829 companies based in the US, 360 in Japan and 703 from the rest of the world. Key findings from the 2015 Scoreboard include: In 2014, the top world 2500 R&D Scoreboard companies raised their R&D by 6.8%, while revenues continued to grow at a significant lower pace (2.2%). Companies based in the EU showed an annual R&D investment growth rate of 3.3%, slightly improving the previous year's performance (2.5%). Companies based in the US showed a stronger R&D investment growth rate (8.1%). The Chinese companies, 3rd largest country by number of companies in this edition, increased R&D investments by 23.6%. Companies in the ICT, Pharmaceuticals and Automobiles sectors continue to dominate the top 10 places in the world ranking. As in the previous edition, the top 5 R&D investors are Volkswagen, Samsung, Microsoft, Intel and Novartis. The most significant changes at the top of the ranking in 2014 are the climb of Google to 6th place (from 9th), and of Pfizer to the 10th place (from 15th). Huawei (15th) and Apple (18th) accelerated in 2014 their race to the top, jumping 11 and 17 positions respectively. An analysis of the patent portfolios of the world's top R&D investors shows that EU and US companies have the highest degrees of internationalisation of their inventive activities: 26% and 22% of their patent families are developed by inventors located outside the region. While the US appear to be the preferred location for health related inventions (pharma and biotech in particular), Europe is the most attractive place for the inventive activities of automobile companies. Show less
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The 2014 EU Industrial R&D Investment Scoreboard
The 2014 EU Industrial R&D Investment Scoreboard (the Scoreboard) contains economic and financial data for the world's top 2500 companies… Show more ranked by their investments in research and development (R&D). The sample consists of 633 companies based in the EU and 1867 companies based elsewhere. The Scoreboard data are drawn from the latest available companies' accounts, i.e. usually the fiscal year 2013/14. Key findings of the 2014 Scoreboard comprise: The world top 2500 R&D investors continued to increase their investment in R&D (4.9%) well above the growth of net sales (2.7%). The 633 EU companies increased R&D by 2.6% and decreased sales by 1.9%. Volkswagen leads the global ranking for the second consecutive years, showing again a remarkable increase of R&D (23.4%, up to € 11.7bn). Second continues to be Samsung, showing also an impressive R&D increase of 25.4%. EU companies in the automobile sector, accounting for one quarter of the total EU's R&D, continued to increase significantly their R&D (6.2%). This reflects the good performance of automobiles companies based in Germany (9.7%) that account for three quarters of this sector's R&D in the EU. The poor R&D performance of EU companies in high-tech sectors such as Pharmaceuticals (0.9%) and Technology Hardware and equipment (-5.4%) weighed down the total R&D increase of the EU sample. the overall amount invested in R&D by EU companies in high-tech sectors represent 40% of the amount invested by their US counterparts and the gap between the two company sample is increasing with time. Show less
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The 2013 EU Industrial R&D Scoreboard
The 2013 EU Industrial R&D Investment Scoreboard (the Scoreboard) contains economic and financial data for the world's top 2000 companies… Show more ranked by their investments in research and development (R&D). The sample contains 527 companies based in the EU and 1473 companies based elsewhere. The Scoreboard data are drawn from the latest available companies' accounts, i.e. usually the fiscal year 2012. In this Scoreboard edition, world top R&D investors show a remarkable resilience of R&D investment growth in a period of economic uncertainty. In 2012, companies continued to increase significantly their R&D investments in a context marked by a slow-down of net sales growth and a decline in operating profits. Trends observed show a significant variation of R&D investment and economic results across industries and sectors. This reflects persistent market uncertainties, in particular regarding the uneven potential for growth of international markets and the macroeconomic background. Show less
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The 2012 EU Industrial R&D Investment Scoreboard
The 2012 "EU Industrial R&D Scoreboard" contains economic and financial data of the world's top 1500 companies ranked by their… Show more investments in research and development (R&D). The sample consists of 405 companies based in the EU and 1095 companies based elsewhere. The Scoreboard data are drawn from the latest available company accounts, i.e. fiscal year 2011 for most companies. In last year's Scoreboard, companies showed significant signs of recovery after the negative results of previous years due to the global economic and financial crisis that began in 2008. This edition shows that companies continued to increase their R&D investments at a significant pace in 2011. This is especially important considering that in this period companies continued to face adverse market conditions and uncertainties due to the persistent effects of the crisis, in particular regarding the access to financing and reduction of demand in many countries. On the other hand, as shown throughout the report, companies' patterns of investment and economic results greatly differ by type of company, industry and country. Show less
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The 2011 EU Industrial R&D Investment Scoreboard
The 2011 "EU Industrial R&D Investment Scoreboard" collects information on the top 1000 EU companies and 1000 non-EU companies investing… Show more the largest sums in R&D in the last reporting year. The Scoreboard includes data on R&D investment along with other economic and financial data from the last four financial years. The data for the Scoreboard are taken from the companies' latest published accounts, intented to be their fiscal year 2010 accounts (although due to different accounting practices, it includes accounts ending on a range of dates, from late 2009 to early 2011). In the last year's Scoreboard companies' results showed the big effect of the great recession/financial crisis that started in 2008. In this Scoreboard edition, companies show considerable signs of recovery, e.g. with a significant increase in R&D investment and double-digit increases in sales, operating profits, and market valuation of companies. However, companies have still to deal with a complex economic environment. In particular, two big economic issues create pressure for companies: national debt levels (which feed back into the banks and limit their lending to companies and hence affect company expansion plans) and the low growth rates being seen in developed economies which can limit the sales growth of many companies, particularly those selling more standard products. In this context, the efforts made by many Scoreboard companies to increase R&D investment appear especially remarkable and emphasise the role R&D plays for companies to enhance their product ranges and hence create and sustain competitive advantages. R&D-based competitive advantage can yield higher value added and higher growth rates. The analysis in this report concentrates on the main trends of companies' R&D activities and results. The focus is on the evolution of R&D investments across regions and industries and its comparison with companies' parameters such as net sales, profits, market capitalisation and capital expenditures. Show less
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The 2010 EU Industrial R&D Investment Scoreboard
The 2010 "EU Industrial R&D Investment Scoreboard", released in October 2010, presents information on the top 1000 EU companies and… Show more 1000 non-EU companies investing in R&D in 2009. The Scoreboard includes data on R&D investment along with other economic and financial data from the last four financial years. The data for the Scoreboard are taken from the companies latest published accounts, i.e. the 2009 fiscal year accounts and indicate the R&D invested by companies' own funds, independently of the location of the R&D activity. The global economic and financial crisis that started in 2008 and hit companies worldwide is fully reflected in the company accounts used for the 2010 Scoreboard. The report examines overall levels of R&D investment, the performance of the EU and non-EU companies, and the main changes that took place last year. It comprises the performance of individual companies among the top R&D investors, in particular those with significant R&D growth and analyses the main indicators of the company data aggregated by industrial sectors and world regions respectively, with comparisons between the EU companies and their main competitors. A supplementary analysis about the characterisation of the Scoreboard companies according to their age of foundation and how it correlates with their R&D is also included. The full dataset of the 2010 EU Industrial R&D Investment Scoreboard is provided below. The data for the EU and the non-EU groups are presented in single tables comprising rankings by companies, industrial sectors and countries. Show less