List of companies by research and development spending

Last updated

The following list sorts companies with the highest expenditures for research and development (R&D) for different years, mostly taken from the magazine Strategy+Business .

Contents

2022 top 20

The 20 companies with the highest research and development expenses in 2022. [1]

RankCompanyCountrySectorExpenditures on R&D
(billions of US$)
1 Amazon Flag of the United States (23px).png  United States Software and Internet73.21
2 Alphabet Inc. Flag of the United States (23px).png  United States Software and Internet39.50
3 Meta Platforms, Inc. Flag of the United States (23px).png  United States Software and Internet35.34
4 Apple Flag of the United States (23px).png  United States Computing and Electronics27.65
5 Microsoft Flag of the United States (23px).png  United States Software and Internet26.63
6 Huawei Flag of the People's Republic of China.svg  China Computing and Electronics24.00
7 Volkswagen Group Flag of Germany.svg  Germany Automotive19.88
8 Samsung Electronics Flag of South Korea.svg  South Korea Computing and Electronics19.29
9 Intel Flag of the United States (23px).png  United States Computing and Electronics17.53
10 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care14.72
11 Johnson & Johnson Flag of the United States (23px).png  United States Health Care14.6
12 Merck & Co. Flag of the United States (23px).png  United States Health Care13.55
13 Pfizer Flag of the United States (23px).png  United States Health Care11.43
14 Novartis Flag of Switzerland (Pantone).svg  Switzerland Health Care10
15 General Motors Flag of the United States (23px).png  United States Automotive9.8
16 AstraZeneca Flag of the United Kingdom.svg  United Kingdom/Flag of Sweden.svg  Sweden Health Care9.76
17 Bristol Myers Squibb Flag of the United States (23px).png  United States Health Care9.51
18 Tencent Flag of the People's Republic of China.svg  China Software and Internet9.12
19 Qualcomm Flag of the United States (23px).png  United States Computing and Electronics8.52
20 Alibaba Group Flag of the People's Republic of China.svg  China Software and Internet7.98

2020 top 10

The 10 companies with the highest research and development expenses in 2020. [2]

RankCompanyCountrySectorExpenditures on R&D
(billions of US$)
1 Amazon Flag of the United States (23px).png  United States Software and Internet42.74
2 Alphabet Inc. Flag of the United States (23px).png  United States Software and Internet27.57
3 Huawei Flag of the People's Republic of China.svg  China Computing and Electronics22.04
4 Microsoft Flag of the United States (23px).png  United States Software and Internet19.27
5 Apple Flag of the United States (23px).png  United States Computing and Electronics18.75
5 Samsung Electronics Flag of South Korea.svg  South Korea Computing and Electronics18.75
6 Facebook, Inc. Flag of the United States (23px).png  United States Software and Internet18.45
7 Volkswagen Group Flag of Germany.svg  Germany Automotive
8 Intel Flag of the United States (23px).png  United States Computing and Electronics
9 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care
10 Johnson & Johnson Flag of the United States (23px).png  United States Health Care

2018 top 50

The 50 companies with the highest research and development expenses in 2018. [3]

RankCompanyCountrySectorExpenditures on R&D
(billions of US$)
1 Amazon Flag of the United States (23px).png  United States Software and Internet22.62
2 Alphabet Inc. Flag of the United States (23px).png  United States Software and Internet16.23
3 Volkswagen Group Flag of Germany.svg  Germany Automotive15.77
4 Samsung Electronics Flag of South Korea.svg  South Korea Computing and Electronics15.31
5 Microsoft Flag of the United States (23px).png  United States Software and Internet14.74
6 Huawei Flag of the People's Republic of China.svg  China Computing and Electronics13.60
7 Intel Flag of the United States (23px).png  United States Computing and Electronics13.10
8 Apple Inc. Flag of the United States (23px).png  United States Computing and Electronics11.58
9 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care10.80
10 Johnson & Johnson Flag of the United States (23px).png  United States Health Care10.55
11 Daimler AG Flag of Germany.svg  Germany Automotive10.40
12 Merck & Co. Flag of the United States (23px).png  United States Health Care10.21
13 Toyota Flag of Japan.svg  Japan Automotive10.02
14 Novartis Flag of Switzerland (Pantone).svg  Switzerland Health Care8.51
15 Ford Motor Company Flag of the United States (23px).png  United States Automotive8.00
16 Facebook, Inc. Flag of the United States (23px).png  United States Software and Internet7.75
17 Pfizer Flag of the United States (23px).png  United States Health Care7.66
18 BMW Flag of Germany.svg  Germany Automotive7.33
19 General Motors Flag of the United States (23px).png  United States Automotive7.30
20 Robert Bosch GmbH Flag of Germany.svg  Germany Industrials7.12
21 Honda Flag of Japan.svg  Japan Automotive7.08
22 Sanofi Flag of France.svg  France Health Care6.57
23 Bayer Flag of Germany.svg  Germany Health Care6.19
24 Siemens Flag of Germany.svg  Germany Industrials6.10
25 Oracle Corporation Flag of the United States (23px).png  United States Software and Internet6.09
26 Cisco Systems Flag of the United States (23px).png  United States Computing and Electronics6.06
27 GlaxoSmithKline Flag of the United Kingdom.svg  United Kingdom Health Care6.05
28 Bristol-Myers Squibb Flag of the United States (23px).png  United States Health Care5.96
29 Celgene Flag of the United States (23px).png  United States Health Care5.92
30 Nokia Flag of Finland.svg  Finland Computing and Electronics5.90
31 IBM Flag of the United States (23px).png  United States Computing and Electronics5.79
32 Qualcomm Flag of the United States (23px).png  United States Computing and Electronics5.47
33 AstraZeneca Flag of the United Kingdom.svg  United Kingdom/Flag of Sweden.svg  Sweden Health Care5.41
34 Eli Lilly and Company Flag of the United States (23px).png  United States Health Care5.28
35 Fiat Chrysler Automobiles Flag of Italy.svg  Italy/Flag of the United States (23px).png  United States Automotive5.14
36 AbbVie Inc. Flag of the United States (23px).png  United States Health Care4.98
37 General Electric Flag of the United States (23px).png  United States Industrials4.80
38 Dell Flag of the United States (23px).png  United States Computing and Electronics4.76
39 Ericsson Flag of Sweden.svg  Sweden Computing and Electronics4.63
40 Nissan Flag of Japan.svg  Japan Automotive4.62
41 Sony Flag of Japan.svg  Japan Computing and Electronics4.32
42 Panasonic Flag of Japan.svg  Japan Computing and Electronics4.23
43 Denso Flag of Japan.svg  Japan Automotive4.21
44 SAP SE Flag of Germany.svg  Germany Software and Internet4.03
45 Gilead Sciences Flag of the United States (23px).png  United States Health Care3.73
46 Continental AG Flag of Germany.svg  Germany Automotive3.73
47 Boehringer Ingelheim Flag of Germany.svg  Germany Health Care3.69
48 Alibaba Group Flag of the People's Republic of China.svg  China Software and Internet3.63
49 Amgen Flag of the United States (23px).png  United States Health Care3.56
50 Renault Flag of France.svg  France Automotive3.55

2017 top 20

The 20 companies with the highest research and development expenses in 2017 according to the Global Innovation 1000. [4]

RankCompanyCountrySectorExpenditures on R&D
(billions of US$)
1 Amazon Flag of the United States (23px).png  United States Software and Internet16.1
2 Alphabet Inc. Flag of the United States (23px).png  United States Software and Internet13.9
3 Intel Flag of the United States (23px).png  United States Computing and Electronics12.7
4 Samsung Flag of South Korea.svg  South Korea Computing and Electronics12.7
5 Volkswagen Group Flag of Germany.svg  Germany Automotive12.1
6 Microsoft Flag of the United States (23px).png  United States Software and Internet12.0
7 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care11.4
8 Merck & Co. Flag of the United States (23px).png  United States Health Care10.1
9 Apple Inc. Flag of the United States (23px).png  United States Computing and Electronics10.0
10 Novartis Flag of Switzerland (Pantone).svg  Switzerland Health Care9.6
11 Toyota Flag of Japan.svg  Japan Automotive9.3
12 Johnson & Johnson Flag of the United States (23px).png  United States Health Care9.1
13 General Motors Flag of the United States (23px).png  United States Automotive8.1
14 Pfizer Flag of the United States (23px).png  United States Health Care7.9
15 Ford Motor Company Flag of the United States (23px).png  United States Automotive7.3
16 Daimler AG Flag of Germany.svg  Germany Automotive6.9
17 Oracle Corporation Flag of the United States (23px).png  United States Software and Internet6.8
18 Cisco Systems Flag of the United States (23px).png  United States Computing and Electronics6.3
19 Honda Flag of Japan.svg  Japan Automotive6.2
20 Facebook, Inc. Flag of the United States (23px).png  United States Software and Internet5.9

2014 top 20

The 20 companies with the highest research and development expenses in 2014 according to the Global Innovation 1000. [5]

RankCompanyCountrySectorExpenditures on R&D
(billions of US$)
1 Volkswagen Group Flag of Germany.svg  Germany Automotive13.5
2 Samsung Flag of South Korea.svg  South Korea Computing and Electronics13.4
3 Intel Flag of the United States (23px).png  United States Computing and Electronics10.6
4 Microsoft Flag of the United States (23px).png  United States Software and Internet10.4
5 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care10.0
6 Novartis Flag of Switzerland (Pantone).svg  Switzerland Health Care9.9
7 Toyota Flag of Japan.svg  Japan Automotive9.1
8 Johnson & Johnson Flag of the United States (23px).png  United States Health Care8.2
9 Google Flag of the United States (23px).png  United States Software and Internet8.0
10 Merck & Co. Flag of the United States (23px).png  United States Health Care7.5
11 General Motors Flag of the United States (23px).png  United States Automotive7.2
12 Daimler AG Flag of Germany.svg  Germany Automotive7.0
13 Pfizer Flag of the United States (23px).png  United States Health Care6.7
14 Amazon Flag of the United States (23px).png  United States Software and Internet6.4
15 Ford Motor Company Flag of the United States (23px).png  United States Automotive6.4
16 Sanofi Aventis Flag of France.svg  France Health Care6.3
17 Honda Flag of Japan.svg  Japan Automotive6.3
18 IBM Flag of the United States (23px).png  United States Computing and Electronics6.2
19 GlaxoSmithKline Flag of the United Kingdom.svg  United Kingdom Health Care6.1
20 Cisco Systems Flag of the United States (23px).png  United States Computing and Electronics5.9

2011 top 20

The 20 companies with the highest research and development expenses in 2011 according to the Global Innovation 1000. [6]

RankCompanyCountrySectorExpenditures on R&D
(millions of US$)
1 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care9,646
2 Pfizer Flag of the United States (23px).png  United States Health Care9,413
3 Novartis Flag of Switzerland (Pantone).svg  Switzerland Health Care9,070
4 Microsoft Flag of the United States (23px).png  United States Software and Internet8,714
5 Merck & Co. Flag of the United States (23px).png  United States Health Care8,591
6 Toyota Flag of Japan.svg  Japan Automotive8,546
7 Samsung Flag of South Korea.svg  South Korea Computing and Electronics7,873
8 Nokia Flag of Finland.svg  Finland Computing and Electronics7,778
9 General Motors Flag of the United States (23px).png  United States Automotive6,962
10 Johnson & Johnson Flag of the United States (23px).png  United States Health Care6,844
11 Intel Flag of the United States (23px).png  United States Computing and Electronics6,576
12 Panasonic Flag of Japan.svg  Japan Computing and Electronics6,176
13 GlaxoSmithKline Flag of the United Kingdom.svg  United Kingdom Health Care6,127
14 Volkswagen Group Flag of Germany.svg  Germany Automotive6,086
15 IBM Flag of the United States (23px).png  United States Computing and Electronics6,026
16 Sanofi Aventis Flag of France.svg  France Health Care5,836
17 Honda Flag of Japan.svg  Japan Automotive5,704
18 AstraZeneca Flag of the United Kingdom.svg  United Kingdom Health Care5,318
19 Cisco Systems Flag of the United States (23px).png  United States Computing and Electronics5,273
20 Siemens Flag of Germany.svg  Germany Industrials5,217

2008 top 20

The 20 companies with the highest research and development expenses in 2008 according to the Global Innovation 1000. [7]

RankCompanyCountrySectorExpenditures on R&D
(millions of US$)
1 Toyota Flag of Japan.svg  Japan Automotive8,386
2 General Motors Flag of the United States (23px).png  United States Automotive8,100
3 Pfizer Flag of the United States (23px).png  United States Health Care8,089
4 Nokia Flag of Finland.svg  Finland Computing and Electronics7,727
5 Johnson & Johnson Flag of the United States (23px).png  United States Health Care7,680
6 Ford Motor Company Flag of the United States (23px).png  United States Automotive7,500
7 Microsoft Flag of the United States (23px).png  United States Software and Internet7,121
8 Roche Holding Flag of Switzerland (Pantone).svg  Switzerland Health Care6,985
9 Samsung Flag of South Korea.svg  South Korea Computing and Electronics6,536
10 GlaxoSmithKline Flag of the United Kingdom.svg  United Kingdom Health Care6,476
11 Novartis Flag of Switzerland (Pantone).svg  Switzerland Health Care6,430
12 Sanofi Aventis Flag of France.svg  France Health Care6,208
13 IBM Flag of the United States (23px).png  United States Computing and Electronics6,153
14 Intel Flag of the United States (23px).png  United States Computing and Electronics5,755
15 AstraZeneca Flag of the United Kingdom.svg  United Kingdom Health Care5,162
16 Honda Flag of Japan.svg  Japan Automotive5,142
17 Merck & Co. Flag of the United States (23px).png  United States Health Care4,883
18 Panasonic Flag of Japan.svg  Japan Computing and Electronics4,850
19 Volkswagen Group Flag of Germany.svg  Germany Automotive4,757
20 Sony Flag of Japan.svg  Japan Computing and Electronics4,553

Related Research Articles

<span class="mw-page-title-main">Innovation</span> Practical implementation of improvements

Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.

<span class="mw-page-title-main">Knowledge economy</span> Approach to generating value

The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innovation. The key element of value is the greater dependence on human capital and intellectual property as the source of innovative ideas, information, and practices. Organisations are required to capitalise on this "knowledge" in their production to stimulate and deepen the business development process. There is less reliance on physical input and natural resources. A knowledge-based economy relies on the crucial role of intangible assets within the organisations' settings in facilitating modern economic growth.

<span class="mw-page-title-main">Research and development</span> General term for activities in connection with corporate or governmental innovation

Research and development is the set of innovative activities undertaken by corporations or governments in developing new services or products. R&D constitutes the first stage of development of a potential new service or the production process.

<span class="mw-page-title-main">Corvinus University of Budapest</span> Research university in Budapest, Hungary

Corvinus University of Budapest is a private research university in Budapest, Hungary. The university currently has an enrolment of approximately 9,600 students, with a primary focus on business administration, economics, and social sciences, operating in Budapest and Székesfehérvár since 1948. Corvinus University accepts students at six faculties and offer courses leading to degrees at the bachelor, master and doctoral level in specialisations taught in Hungarian, English, French or German.

<span class="mw-page-title-main">Funding of science</span>

Research funding is a term generally covering any funding for scientific research, in the areas of natural science, technology, and social science. Different methods can be used to disburse funding, but the term often connotes funding obtained through a competitive process, in which potential research projects are evaluated and only the most promising receive funding. It is often measured via Gross domestic expenditure on R&D (GERD).

<span class="mw-page-title-main">Yossi Vardi</span> Israeli entrepreneur and investor (born 1942)

Joseph "Yossi" Vardi is an Israeli entrepreneur and investor. He is an Israeli entrepreneur and investor, known for his involvement in the early development of Israel's high-tech sector and the Israeli internet industry. He has been involved in the founding and development of over 85 high-tech companies across various fields, including software, energy, internet, mobile, electro-optics, and water technology, over a span of more than 47 years.

<span class="mw-page-title-main">IESE Business School</span> Graduate business school in Spain

IESE Business School is a Catholic graduate business school at the University of Navarra. It was established in Barcelona in 1958 by Opus Dei. From 1963, in collaboration with Harvard Business School, it offers a two-year Master of Business Administration degree, an executive MBA, and executive education courses. It has other campuses in Madrid, Munich, New York City and São Paulo.

<span class="mw-page-title-main">Richard Lui</span> American television journalist

Richard Lui is an American author, journalist, and filmmaker. He anchors for MSNBC and NBC News. Lui is currently a breaking news anchor for NBC and MSNBC, broadcasting from 30 Rockefeller Plaza in Midtown Manhattan, New York City. prior to that role he was a co-host of Early Today, and anchor of MSNBC daytime coverage. He was formerly at CNN Worldwide. At CNN Worldwide he became the first Asian American male to anchor a daily, national cable news show when he solo anchored the 10 a.m. hour on CNN Headline News. Mediaite ranked Lui among the top 100 in news buzz on its "Power Grid Influence Index of TV Anchors and Hosts" and one of "The 50 Sexiest in TV News".

<span class="mw-page-title-main">Awa Marie Coll-Seck</span> Senegalese infectious diseases specialist and politician

Awa Marie Coll-Seck is a Senegalese infectious diseases specialist and politician who served as Minister of Health of Senegal from 2001 to 2003 and again from 2012 to 2017. She also served as former Executive Director of the Roll Back Malaria Partnership and is on the board of directors of several notable global health organizations. She is an agenda contributor of the World Economic Forum.

This is a list of key international rankings of Costa Rica

The Stop TB Partnership was established in 2001 to eliminate tuberculosis as a public health problem. Its 2000 partner organizations include international, nongovernmental and governmental organizations and patient groups. The secretariat is based in Geneva, Switzerland, and, since 2015, has been administered by UNOPS. Previously it was hosted by the World Health Organization.

<span class="mw-page-title-main">Hubert Joly</span>

Hubert Joly is a businessman and Harvard Business School faculty member who formerly served as chairman and CEO of Best Buy. He is also the former president, CEO and director of Carlson, a global hospitality and travel conglomerate based in Minneapolis, Minnesota, US.

<span class="mw-page-title-main">Dang Thi Hoang Yen</span>

Maya Dangelas is the Executive Chairman of Tan Tao Group, President of Tan Tao University, Chair of the Vietnam-US Business Forum, Member of ESCAP Business Advisory Council, Member of ASEAN Business Advisory Council, and Member of World Economic Forum’s Global Agenda Council on South-East Asia.

<span class="mw-page-title-main">State Secretariat for Education, Research and Innovation</span>

The State Secretariat for Education, Research and Innovation (SERI) within the Federal Department of Economic Affairs, Education and Research is the federal government's specialised agency for national and international matters concerning education, research and innovation policy.

Innovation districts are urban geographies of innovation where R&D strong institutions, companies, and other private actors develop integrated strategies and solutions to develop thriving innovation ecosystems–areas that attract entrepreneurs, startups, and business incubators. Unlike science parks, innovation districts are physically compact, leverage density and high levels of accessibility, and provide a “mash up” of activities including housing, office, and neighborhood-serving amenities. Districts signify the collapse back of innovation into cities and is increasingly used as a way to revitalize the economies of cities and their broader regions. As of 2019, there are more than 100 districts worldwide.

Geotab Inc. is a Canadian technology company headquartered in Oakville, Ontario. The company develops and markets telematics hardware and software for use with motor vehicles. The company's products are primarily used for fleet management, including on-board diagnostics, electronic logging, route optimization, accident data recording and CO2 emissions reporting.

<span class="mw-page-title-main">Tang Prize</span> International award

The Tang Prize is a set of biennial international awards bestowed in four fields: Sustainable Development, Biopharmaceutical Science, Sinology, and Rule of Law. Nomination and selection are conducted by an independent selection committee, which is formed in partial cooperation with the Academia Sinica, Taiwan's top research institution.

<span class="mw-page-title-main">Alfredo De Massis</span>

Alfredo De Massis is a professor of Entrepreneurship and Family Business at the International Institute for Management Development (IMD) and at the Free University of Bozen-Bolzano. He chairs the Scientific Committee of FAmily Business Risorse per l'Italia and is a member of the Scientific Board of the Italian Family Officer Association (AIFO). According to Family Capital, De Massis is among the top 25 star professors of family business in the world. In 2022, he was nominated in the Family Capital's 100 Family Business Influencers list.

Deep technology or hard tech is a classification of organization, or more typically startup company, with the expressed objective of providing technology solutions based on substantial scientific or engineering challenges. They present challenges requiring lengthy research and development, and large capital investment before successful commercialization. Their primary risk is technical risk, while market risk is often significantly lower due to the clear potential value of the solution to society. The underlying scientific or engineering problems being solved by deep tech and hard tech companies generate valuable intellectual property and are hard to reproduce.

References

  1. Intelligence, fDi. "Top 100 global innovation leaders". www.fdiintelligence.com. Retrieved 2024-06-16.
  2. Bajpai, Prableen. "Which Companies Spend the Most in Research and Development (R&D)?".
  3. Skillicorn, Nick (2019-08-28). "Top 1000 companies that spend the most on Research & Development (charts and analysis)". Idea to Value. Retrieved 2020-02-07.
  4. Chwalik, Barry Jaruzelski, Volker Staack, and Robert. "Will Stronger Borders Weaken Innovation?". strategy+business. Retrieved 2020-02-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. Goehle, Barry Jaruzelski, Volker Staack, and Brad. "The Global Innovation 1000: Proven Paths to Innovation Success". strategy+business. Retrieved 2020-02-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. Holman, Barry Jaruzelski, John Loehr, and Richard. "The Global Innovation 1000: Why Culture Is Key". strategy+business. Retrieved 2020-02-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  7. Dehoff, Barry Jaruzelski and Kevin. "Beyond Borders: The Global Innovation 1000". strategy+business. Retrieved 2020-02-07.