R&D Spending Showdown: Rockwell Automation, Inc. vs Allegion plc

R&D Investment: A Tale of Two Innovators

In the competitive landscape of industrial innovation, Rockwell Automation, Inc. and Allegion plc have been pivotal players. Over the past decade, Rockwell Automation has consistently outpaced Allegion in R&D spending, investing nearly 6 times more annually. From 2014 to 2023, Rockwell's R&D expenses surged by approximately 82%, peaking in 2023. Allegion, while more conservative, showed a remarkable 135% increase in the same period, highlighting its commitment to innovation.

Rockwell's strategic focus on automation and digital transformation is evident in its robust R&D allocation, which reached its zenith in 2023. Allegion, specializing in security solutions, has also ramped up its R&D efforts, particularly noticeable in the last three years. This trend underscores a growing emphasis on technological advancement in both companies, despite the missing data for 2024. As these giants continue to innovate, their R&D investments will likely shape the future of their respective industries.