Growth of global R&D
Global spending on R&D has been sustained with amount of $2,070 billion in 2017. Asia, North America and Europe account for 89% of investment. Europe fund 19% of international investment.
There are different situations in different regions, with investment relatively stable in the West (US, Europe) but growing in Asia and in South America.
Europe and the US still have solid competitive advantages, particularly in human capital, quality of scientific training and capacity to innovate.
Market trends in R&D outsourcing
ALTEN’s market includes all consulting services, technical assistance, fixed-price projects and outsourced platforms in the field of Engineering and Technology Consulting (ETC) and Information Systems and Technological Networks.
|Aerospace & Defence||1898||1981||4.4%||2070||4.5%||2168||4.7%||2277||5.0%||2401||5.4%|
|Telecoms et Multimedia||505||517||2.4%||529||2.3%||541||2.3%||553||2.2%||566||2.4%|
|Energy et Life Sciences||1647||1710||3.8%||1770||3.5%||1826||3.2%||1877||2.8%||1926||2.6%|
|Total Technology Consulting (scope ALTEN corebusiness)||6850||7147||4.3%||7453||4.3%||7778||4.4%||8121||4.4%||8506||4.7%|
The ETC sector, particularly in France, has undergone a major transformation over the last 10 years. The way consultancy and engineering companies work with their clients has developed towards ever greater commitment and more responsibility. The leading etc. companies are becoming technology partners, helping to improve the efficiency of R&D operations and identify potential productivity gains.