Research and Development: Comparing Key Metrics for Rockwell Automation, Inc. and ITT Inc.

A Decade of Innovation: R&D Trends in Industrial Automation

In the ever-evolving landscape of industrial automation, research and development (R&D) play a pivotal role in driving innovation and maintaining competitive advantage. Over the past decade, Rockwell Automation, Inc. and ITT Inc. have demonstrated distinct trajectories in their R&D investments.

Rockwell Automation, Inc.: Leading the Charge

Rockwell Automation has consistently outpaced ITT Inc. in R&D spending, with a remarkable 82% increase from 2014 to 2023. This commitment to innovation is evident in their 2023 R&D expenses, which peaked at over $529 million, reflecting their strategic focus on cutting-edge technologies.

ITT Inc.: Steady Growth

ITT Inc., while more conservative, has shown a steady 34% growth in R&D investment over the same period. Their 2023 R&D expenses reached approximately $103 million, underscoring a commitment to incremental innovation.

As we look to the future, these trends highlight the critical role of R&D in shaping the industrial automation sector.