EU Industrial R&D Investment Scoreboards 2011

Electronic equipment / LeisureThis specific analysis includes company data from the Electronic Equipmentsub-sector (part of the Electric & Electronic Equipment sector), the ElectronicOffice Equipment sub-sector (part of the Technology Hardware & Equipmentsector) and the Leisure sector. Table 12 summarises the main indicators of theElectronic Equipment sector for the EU, the US and Japan. Figure 9 shows thetop 20 companies of the Electronic Equipment sector ranked by R&Dinvestment.The top 20 companies account for 77% of the total R&D investment of thesector. The EU, US and Japanese companies together account for 72.5 % ofthe total R&D (Japanese alone account for 53.7% of the total). The top 20 list islargely dominated by Japan with 12 companies, followed by the US with 4companies and the EU, Taiwan and South Korea one company each.The Japanese companies dominate in this sector in number of companies andin average size in terms of employees, R&D investment and net sales. Thereare 37 Japanese companies compared with only 28 from the US and 17 basedin the EU. The average size of Japanese companies in number of employees isdouble than in the US companies and nearly 4 times larger than in the EUsample. In terms of R&D, Japanese companies are in average more than 3times larger than the US and EU companies. Japanese companies are alsolarger in average sales by company, 3 times larger than the US ones andalmost 4 times larger than the EU ones.In terms of R&D investment growth over one and three years, the EUcompanies (1.8% and 3.7%) outperform the Japanese ones (-9.3% and -5.4%)and did better than the US ones (2.5% and -0.2%) over the past 3 years.In terms of sales growth over one and three years, the US companies (14.8%and 0.4%) performed better than the EU ones (11.8% and -0.2%) and theJapanese ones (-5.6% and -5.4%).The R&D intensity of the sector does not change much across regions. Theaverage R&D intensity of the EU companies (6.6%) is higher than theJapanese' (6.3%) and the US' (5.6%).The Japanese companies show much larger Capital expenditure intensity(4.7%) than the US ones (2.2%) and almost twice than the EU ones (2.7%).The profitability of US companies (10.1%) is slightly higher than that of the EUones (9.4%) and 4 times larger than that of the Japanese ones (2.6%).43The 2011 EU Industrial R&D Investment Scoreboard 43