Companies with highest R&D spending worldwide 2022 | Statista (2024)

Amazon spent the most on research and development in the fiscal year 2022, with over 73 billion U.S. dollars. Meta, Alphabet, Apple, and Huawei rounded out the top five of companies with the highest R&D spending that year.

Leading by innovation

Spending money on research and development, or R&D, is how a company innovates new technologies and conducts research to develop new products and services. R&D allows companies, such as Amazon, to stay ahead of their competition and work towards the future. Most of the R&D spending in the world is in 2021 was within health & pharma, which should be seen in light of the COVID-19 pandemic, and the United States is the leading country for R&D expenditure in the world.

AI and R&D

Currently, many companies are investing in Artificial Intelligence (AI) innovation, including the ethical implications of AI and how it can be used to better society as a whole. Major companies, such as Amazon and Alphabet, are throwing their collective weight into this issue and conducting research into its future applications.

Companies with highest R&D spending worldwide 2022 | Statista (2024)

FAQs

Companies with highest R&D spending worldwide 2022 | Statista? ›

Amazon top the list of largest corporate R&D spenders, investing over 70 billion U.S. dollars in R&D in 2022. Most of the other major spenders were producers of ICT.

What companies spend the most on R&D in 2022? ›

Companies with the highest spending on research and development 2022. Amazon spent the most on research and development in the fiscal year 2022, with over 73 billion U.S. dollars. Meta, Alphabet, Apple, and Huawei rounded out the top five of companies with the highest R&D spending that year.

Which industry spends the most on R&D? ›

In 2022, the highest share of research and development spending (R&D) was made within the hardware technology producing industry, accounting for a total of nearly 23 percent of the global R&D spending. The health sector and software producers followed in second at nearly 21 percent each.

Which country spends R&D in 2022? ›

The United States is the leading country worldwide in terms of spending on research and development (R&D), with R&D expenditure exceeding 760 billion purchasing power parity (PPP) U.S. dollars. China is invested about 620 billion U.S. dollars into R&D.

How much is spent on R&D globally? ›

Research and development (R&D) spending was forecast to reach over 2.47 trillion U.S. dollars globally in 2022 (once local currencies are converted for purchasing power parity).

What is a large company for R&D? ›

If your staff headcount is lower than 500, but you exceed both the turnover and gross asset thresholds, you will be classed as a large company for R&D tax credit purposes.

What is Amazon's R&D budget? ›

Analysis. Amazon.com's r&d expenses for fiscal years ending December 2019 to 2023 averaged 58.712 billion. Amazon.com's operated at median r&d expenses of 56.052 billion from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Amazon.com's r&d expenses peaked in December 2023 at 85.622 billion.

How much does McDonald's spend on R&D? ›

McDonald's Research and Development Expenses 2010-2023 | MCD

McDonald's research and development expenses for the twelve months ending December 31, 2023 were $0M, a NAN% increase year-over-year. McDonald's annual research and development expenses for 2023 were $0B, a NAN% decline from 2022.

What is the main source of R&D funding? ›

For R&D funding, the main categories are businesses; the federal government; nonfederal government (state, regional, local); higher education; and nonprofit organizations.

Which countries invest the most in R&D? ›

Israel and South Korea are the world's leading spenders on research and development (R&D) as a percentage of gross domestic product (GDP). In pure dollar terms, however, the United States is consistently the largest spender on R&D.

Which countries are best at R&D? ›

20 Countries that Spend the Most on Research and Development
  • Belgium. ...
  • Spain. ...
  • Netherlands. ...
  • Switzerland. ...
  • Italy. ...
  • Canada. R&D Expenditure as a Percentage of GDP (2021): 1.69% ...
  • France. R&D Expenditure as a Percentage of GDP (2021): 2.2% ...
  • South Korea. R&D Expenditure as a Percentage of GDP (2021): 4.93%
Mar 8, 2024

How much does China spend on R&D? ›

China's R&D expenditure exceeds 3.3 trln yuan in 2023: minister. BEIJING, March 5 -- China's research and development (R&D) expenditure exceeded 3.3 trillion yuan (about 458.5 billion U.S. dollars) in 2023, an 8.1-percent year-on-year increase, Minister of Science and Technology Yin Hejun said Tuesday.

How much did Google spend on R&D? ›

Alphabet annual research and development expenses for 2023 were $45.427B, a 15.01% increase from 2022. Alphabet annual research and development expenses for 2022 were $39.5B, a 25.15% increase from 2021.

How much did Tesla spend on R&D? ›

Tesla announced R&D spending of $3,969 billion for 2023 this week, the highest year so far, but still far lower than some of the other tech companies in the “Big Seven.” For example, Apple spent $29.92 billion on R&D in fiscal year 2023, while Microsoft spent $27.2 billion.

How much money is the US spending on R&D? ›

U.S. R&D Increased by $72 Billion in 2021 to $789 Billion; Estimate for 2022 Indicates Further Increase to $886 Billion | NSF - National Science Foundation.

How much did Apple spend on R&D in 2022? ›

Compare AAPL With Other Stocks
Apple Annual Research and Development Expenses (Millions of US $)
2022$26,251
2021$21,914
2020$18,752
2019$16,217
11 more rows

How much did Google spend on R&D in 2022? ›

Alphabet annual research and development expenses for 2023 were $45.427B, a 15.01% increase from 2022. Alphabet annual research and development expenses for 2022 were $39.5B, a 25.15% increase from 2021.

How much did Nvidia spend on R&D in 2022? ›

NVIDIA annual research and development expenses for 2024 were $8.675B, a 18.2% increase from 2023. NVIDIA annual research and development expenses for 2023 were $7.339B, a 39.31% increase from 2022. NVIDIA annual research and development expenses for 2022 were $5.268B, a 34.25% increase from 2021.

How much will the US spend on R&D in 2022? ›

U.S. R&D Increased by $72 Billion in 2021 to $789 Billion; Estimate for 2022 Indicates Further Increase to $886 Billion.

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