R&D Insights: How Honeywell International Inc. and Deere & Company Allocate Funds

R&D Spending: A Tale of Two Giants

In the ever-evolving landscape of industrial innovation, research and development (R&D) spending is a critical indicator of a company's commitment to future growth. Over the past decade, Honeywell International Inc. and Deere & Company have demonstrated contrasting approaches to R&D investment.

From 2014 to 2023, Honeywell's R&D expenses have seen a significant decline, dropping from a peak in 2014 to a 50% reduction by 2023. This trend suggests a strategic shift, possibly towards optimizing existing technologies or reallocating resources to other areas. In contrast, Deere & Company has steadily increased its R&D spending, culminating in a 58% rise over the same period. This upward trajectory underscores Deere's focus on innovation, particularly in agricultural and construction machinery.

As we look to the future, these trends offer a glimpse into how these industrial titans are positioning themselves in a rapidly changing world.