首页>ITES >最新资讯

How Much Will COVID-19 Impact Automotive R&D Spending?

2020/04/20 14:42   |    阅读量:771   |    来自: Modern Machine Shop

【导语】 Virtually all automakers and suppliers expect to reduce R & D spending this year due to the effects of the coronavirus, according to a global study conducted by IHS Markit.

Virtually all automakers and suppliers expect to reduce R & D spending this year due to the effects of the coronavirus, according to a global study conducted by IHS Markit.

That’s not surprising, considering sales and production have been at a standstill for the last month. 20200420023232705_F814B8B8C80D9289EE666770897FAC99.jpgBut respondents are relatively optimistic about the industry rebounding in 2021.

Some 140 companies took part in the survey, which was conducted between March 30 and April 9. Respondents were evenly split among Europe, North America and Asia. Of the total, 70% of the participants came from suppliers (mainly sales and marketing personnel), while the other 30% work at OEMs (mostly engineers and R & D types).

2020/2021 Automotive Outlook

With cash flow drying up, IHS notes, automakers and suppliers are looking to shore up their finances by preserving cash and other “non-critical” expenses, including spending on electrification and autonomous vehicle technologies.

However, only 28% of those polled expect COVID-19 will negatively impact revenues beyond the next 12 months. Even fewer (20%) believe R & D spending will be affected at this time next year, which suggests that some companies plan to maintain current research levels even if revenue levels don’t fully return.

More than two in five respondents say combined r&d spending will be impacted for only three months or less due to COVID-19. Slightly fewer (36%) believe the effect will last 3-12 months.

Near-Term Development vs. Advanced Research

On average, respondents predict current budgets will dip 13% for development programs and 17% for advanced research this year. The declines for 2021 programs are projected to be 8% and 12%, respectively. IHS says the difference shows that companies are prioritizing resources on near-term product launches.

One in four respondents indicate that mature development projects could be postponed by 6-12 months. For projects that are at an early or conceptual stage, 23% of respondents expect delays of one year and 11% foresee longer deferrals.

Differing Opinions

Responses differed by region, company size and between suppliers and carmakers:20200420023627926_BFD463F6C2C532A65C34BB4E4042EEFC.jpg

1. North American respondents were by far the most optimistic about a quick turnaround (less than 3 months). Those in Asia (China in particular) were the most concerned that a rebound could stretch more than 3 years).

2. OEMs generally were more upbeat than their supplier counterparts, with nearly half predicting r&d spending will return to normal after 3 months.

3. The larger a company is, the more likely its R & D spending will fall in 2021.

Company size also matters when it comes to bringing R & D work in-house. More than 50% of respondents from large and medium-sized firms indicate they expect somewhat or significantly more work to be done internally as a result of the pandemic, compared with about 40% among smaller companies.

Electrification and Autonomy to Suffer

Electrification and autonomous vehicle technologies are the most likely programs to suffer budget cuts as a result of a coronavirus-fueled slump, according to the survey.

Some 22% of respondents list electrification (including battery, traction motor and power electronics) as the most-impacted technology. This is followed closely by autonomy (Level 2+ to Level 5) at 21%.

OEMs tend to be more pessimistic than suppliers regarding electrification, while suppliers are gloomiest about automation.

Regulatory Rollback Predicted

COVID-19 also is expected to affect the rollout of new regulations of everything from fuel economy and emissions to autonomous vehicles/active safety, cybersecurity and traffic control.

Almost all respondents predict there will be an impact on new fuel economy and carbon dioxide regulations, with many expecting delays regarding the stricter European standards (95 g/km of CO2) currently being phased in.

20200420023709844_099A07A73110C209927D4C940AC1657C.jpg

Three in five respondents expect an impact on standards for autonomous vehicles and active safety. Some 16% believe the regulation of 20200420024230427_A6646E9ED1F599316F86EF06C8B434C8.jpgautonomous vehicles is likely to be delayed in all markets.

At the same time, the vast majority of respondents say government aid would be more important than ever to support advanced research.

Startups, Mergers and Acquisitions

The majority of respondents don’t expect investments in startup companies to be changed as a result of COVID-19.

But, in the comments section of the survey, several expressed concerns about the long-term viability of some R & D-focused startups. This is especially true of those involved in emerging technology areas, such as lidar and autonomous driving software. They also said fledgling EV companies could be in danger.

Tightening budgets also are expected to drive greater consolidation, a trend that IHS notes had started before the pandemic. Some respondents suggest that mergers and acquisitions could help companies sustain their r&d budgets in the coming years.





版权声明:ITES深圳工业展倡导尊重与保护知识产权,对有明确来源的文章内容注明出处。如发现本网站内容存在版权或其它问题,烦请联系我们沟通处理。联系方式:jiangwanting@simmtime.com

相关阅读

1分钟获取参观证

正在提交数据...

手机号/邮箱登录

手机号/邮箱

密码

验证码

忘记密码?

登录

还没有账号,立即注册

您还没有认证手机,请认证

手机号

验证码

短信验证码

发送验证码到手机

为保证您的账户安全及提供展会相关服务,我们需要对您的手机进行认证。

查看《隐私保护政策》

认 证

您已成为深圳机械展专业观众,请设置您的登录密码

密码:

确认密码:

提 交

    展会资讯邮件订阅

  • 行业热点,展会新闻,新鲜奉上!
  • 提交
微信公众号

微信公众号

关闭