Analyzing R&D Budgets: Rockwell Automation, Inc. vs Dover Corporation

A Decade of Innovation: R&D Spending Trends

In the competitive landscape of industrial automation and manufacturing, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Rockwell Automation, Inc. and Dover Corporation have demonstrated distinct strategies in their R&D investments.

From 2014 to 2023, Rockwell Automation consistently outpaced Dover Corporation in R&D spending, with an average annual increase of approximately 5%. By 2023, Rockwell's R&D budget had surged to nearly 82% higher than Dover's, reflecting its aggressive pursuit of technological advancements. Dover, while more conservative, showed a steady increase, peaking in 2022 with a 38% rise from its 2014 levels.

Interestingly, 2024 data for Dover is missing, suggesting a potential shift or reevaluation in their R&D strategy. This analysis underscores the dynamic nature of R&D investments and their critical role in shaping the future of industrial innovation.