Designing and developing new products is more expensive than ever.
Research & development (R&D) productivity has steadily declined over the past century, which means businesses must spend more on R&D to keep technological advancement moving forward. The manufacturing sector alone accounts for over half of total R&D investment in the US, according to the National Science Foundation.
However, an emerging set of technologies — ranging from augmented reality design tools to quantum computing simulations — offers manufacturers an opportunity to reduce costs and drive efficiencies in product design and development.
In the market map below, we identify 127 vendors across 10 categories helping advanced manufacturers streamline R&D. These solutions are relevant for manufacturers across healthcare, consumer, and industrial verticals.
Note: Our map includes public companies, as well as both private and acquired startups. This market map is not exhaustive of the space.
Please click to enlarge.
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