The top 1,000 corporate spenders on research and development invested $492 billion in 2007, according to the latest research by consulting firm Booz & Co.
That's nearly 10% more than in 2006 and significantly more than the compound annual growth rate of 6.7% since 1999. Two-thirds of that R&D spend went to just three industries in 2007: computing and electronics (29%), healthcare (22%) and automotive (16%).
The top 10 spenders in 2007 are:
Company 2007 R&D Spend (rounded)
- Toyota: $8.4 billion
- General Motors: $8.1 billion
- Pfizer: $8.1 billion
- Nokia: $7.7 billion
- Johnson & Johnson: $7.7 billion
- Ford: $7.5 billion
- Microsoft: $7.1 billion
- Roche Holding AG: $7.0 billion
- Samsung Electronics: $6.5 billion
- GlaxoSmithKline: $6.5 billion
Source: Booz & Co.