Analysis of software R&D growth in the automotive industry
The global automotive industry is spending more on research and development (R&D) than ever before, as vehicle manufacturers (OEMs) and tier-1 suppliers are trying to stay ahead of a rapidly shifting market and fierce competition from the technology industry.
R&D spending by the automotive industry is growing again after a steep decline in 2020. April data from the IHS Markit global automotive R&D survey show automotive companies are increasing their R&D spending by 6.5% compared with 2020.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
