Research and Development Investment: Honeywell International Inc. vs Rockwell Automation, Inc.

A Decade of Innovation: R&D Investments by Honeywell and Rockwell

In the ever-evolving landscape of industrial technology, research and development (R&D) investments are pivotal. Over the past decade, Honeywell International Inc. and Rockwell Automation, Inc. have demonstrated contrasting strategies in their R&D expenditures. Honeywell's R&D spending peaked in 2014, with a notable decline of nearly 55% by 2023. In contrast, Rockwell Automation has steadily increased its R&D investments, growing by approximately 82% over the same period.

This divergence highlights Honeywell's strategic shift towards optimizing existing technologies, while Rockwell Automation focuses on innovation and expansion. The data from 2024 is incomplete, but the trend suggests Rockwell's commitment to innovation remains strong. As these industry giants navigate the future, their R&D strategies will undoubtedly shape the technological advancements of tomorrow.