The Industrial Research Institute's (IRI) 2010 survey of member companies suggests that 2011 may see a dramatic turnaround in R&D investment. This year, 119 companies across a broad range of industries provided input to the survey; their responses indicate that R&D increases are expected across almost all industry sectors. The primary focus of this investment is on new-business development projects. Aggressively pursuing innovation and balancing innovation in the overall R&D portfolio continue to be management challenges for the leaders who responded to the survey. The R&D managers projected a significant upturn in R&D spending in 2011; 53% of respondents indicated that they expected an increase in their R&D budgets, while only 12% expect a decrease. The managers...
Ninety-two companies were surveyed by the Industrial Research Institute about their R&D investment plans for 2010 and their actual experience in 2009. Their responses suggest modest reductions in 2010, but growth in the segment of R&D focused on new business projects. Continuing a trend since 2003, increased participation is also anticipated in acquisition of technology from external sources via alliances and joint ventures, contracts with Federal laboratories, and mergers and acquisitions. This trend is accompanied by planned reductions in internal basic research, and reduced hiring of new graduates for R&D positions. The IRI's 26th R&D Trends Forecast survey is focused on expectations for industrial R&D investment in 2010 and based on responses from 83 IRI member c...
This is the 25th Industrial Research Institute (IRI) R&D Trends Forecast. The survey focused on expectations for industrial R&D investment in 2009, and is based on responses from just under half of the 182 IRI member companies that conduct R&D in the US. Nearly half of the member companies of the Industrial Research Institute anticipate flat R&D budgets in the coming year, following growth the last three years. Funding in support of existing products and directed basic research is expected to drop, while funding for new business projects is expected to increase in all sectors. A broad increase in R&D outsourcing to other companies is also expected. One of the most notable messages is that across all sectors, a significant increase is expected for 2009 in participatio...
TAIPEI, Taiwan, March 17 /PRNewswire/ -- Underwriters Laboratories Inc. (UL), a world leader in product safety testing and certification services, today signed a memorandum of understanding (MOU) with Taiwan's globally renowned Industrial Technology Research Institute (ITRI) to develop safety testing methodologies and requirements for power systems in electric vehicles. The electric vehicle (EV) industry has become a major emerging focus worldwide. One of the critical factors driving the widespread adoption of EVs is product safety. To address product safety concerns and to help EV manufacturers to get their new products to the global market timely and efficiently, UL has been developing new safety standards for the EV industry.
The marketplace continues to provide plenty of mixed signals to US businesses: higher energy prices, uncertainties related to housing and interest rates, and a weak dollar. There are also many technology needs, as companies seek to respond to a variety of environmental and social issues. The Industrial Research Institute (IRI) member companies that participated in its annual trends survey are once again responding to the above conditions by planning a significantly higher level of R&D spending along with continuing growth in open innovation. The trend that began in 2005 of growth in Total Company R&D expenditures is forecast to accelerate sharply. Since the Sea Change Index for R&D/Sales Ratio is forecast to increase significantly, it appears that R&D will grow faster th...
In 2003, US industry saw a robust turnaround in R&D spending, with a 5.4% increase by the top 100 R&D investors over the previous year. This trend continues. Spending in 2004 by the top 100 US companies increased from 2003 by 7.4% to $127 billion. The gains in R&D expense represent a real increase, as the growth significantly outpaced inflation again in 2004 as it did in 2003. Despite the overall increase in R&D spending, "R&D intensity" as measured by "R&D expense as a percent of sales," for the top 100, decreased from 5.8% in 2003 to 5.6% in 2004. The total R&D spending of the top 100 non-US companies is about 90% of that of the top 100 US companies. However, the distribution of R&D spending among the top 50 of each group is very similar. Another intere...
Double-digit increases in profits during 2007 were reflected by continued strong growth in industrial R&D both in the US and abroad. The top 1,000 firms represented 94% of total R&D investment by the 35,000-plus companies performing R&D in the US. Even though sales and profits showed healthy gains last year, the data indicated a gradual slowing of R&D growth that will undoubtedly continue into 2008. With a 22.7% increase in its R&D, General Motors moved back to the top of the US R&D Leaderboard. Pfizer fell to number two even though its R&D expenditures increased by 6.4%. Johnson & Johnson held the third position with a 7.8% increase, and Ford fell from second place to fourth, with a 4.2% increase. Microsoft kept fifth place, with an 8.2% increase. Capita...
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