| __timestamp | Avery Dennison Corporation | Westinghouse Air Brake Technologies Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 102500000 | 61886000 |
| Thursday, January 1, 2015 | 91900000 | 71213000 |
| Friday, January 1, 2016 | 89700000 | 71375000 |
| Sunday, January 1, 2017 | 93400000 | 95166000 |
| Monday, January 1, 2018 | 98200000 | 87450000 |
| Tuesday, January 1, 2019 | 92600000 | 209900000 |
| Wednesday, January 1, 2020 | 112800000 | 162100000 |
| Friday, January 1, 2021 | 136600000 | 176000000 |
| Saturday, January 1, 2022 | 136100000 | 209000000 |
| Sunday, January 1, 2023 | 135800000 | 218000000 |
| Monday, January 1, 2024 | 0 | 206000000 |
Unleashing the power of data
In the ever-evolving landscape of industrial innovation, two titans stand out: Westinghouse Air Brake Technologies Corporation and Avery Dennison Corporation. Over the past decade, these companies have demonstrated a steadfast commitment to research and development (R&D), a crucial driver of technological advancement and competitive edge.
From 2014 to 2023, Westinghouse Air Brake Technologies consistently outpaced Avery Dennison in R&D spending. By 2023, Westinghouse's investment in innovation surged by approximately 252% from its 2014 levels, reaching a peak of $218 million. In contrast, Avery Dennison's R&D expenses grew by about 32% over the same period, culminating in $136 million.
This disparity highlights Westinghouse's aggressive strategy to lead in technological advancements, while Avery Dennison maintains a steady, albeit more conservative, approach. As industries continue to evolve, these investment patterns may well shape the future of innovation in their respective fields.
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