Amazon spent the most on research and development in the fiscal year 2022, with over 73 billion U.S. dollars. Meta, Alphabet, Apple, and Huawei rounded out the top five of companies with the highest R&D spending that year.
Leading by innovation
Spending money on research and development, or R&D, is how a company innovates new technologies and conducts research to develop new products and services. R&D allows companies, such as Amazon, to stay ahead of their competition and work towards the future. Most of the R&D spending in the world is in 2021 was within health & pharma, which should be seen in light of the COVID-19 pandemic, and the United States is the leading country for R&D expenditure in the world.
AI and R&D
Currently, many companies are investing in Artificial Intelligence (AI) innovation, including the ethical implications of AI and how it can be used to better society as a whole. Major companies, such as Amazon and Alphabet, are throwing their collective weight into this issue and conducting research into its future applications.
Ranking of the companies with the highest spending on research and development worldwide in 2022
(in billion U.S. dollars)
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Insider Monkey, & Macrotrends. (May 4, 2023). Ranking of the companies with the highest spending on research and development worldwide in 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/265645/ranking-of-the-20-companies-with-the-highest-spending-on-research-and-development/
Insider Monkey, und Macrotrends. "Ranking of the companies with the highest spending on research and development worldwide in 2022 (in billion U.S. dollars)." Chart. May 4, 2023. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/265645/ranking-of-the-20-companies-with-the-highest-spending-on-research-and-development/
Insider Monkey, Macrotrends. (2023). Ranking of the companies with the highest spending on research and development worldwide in 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/265645/ranking-of-the-20-companies-with-the-highest-spending-on-research-and-development/
Insider Monkey, and Macrotrends. "Ranking of The Companies with The Highest Spending on Research and Development Worldwide in 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 May 2023, https://www.statista.com/statistics/265645/ranking-of-the-20-companies-with-the-highest-spending-on-research-and-development/
Insider Monkey & Macrotrends, Ranking of the companies with the highest spending on research and development worldwide in 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/265645/ranking-of-the-20-companies-with-the-highest-spending-on-research-and-development/ (last visited November 05, 2024)
Ranking of the companies with the highest spending on research and development worldwide in 2022 (in billion U.S. dollars) [Graph], Insider Monkey, & Macrotrends, May 4, 2023. [Online]. Available: https://www.statista.com/statistics/265645/ranking-of-the-20-companies-with-the-highest-spending-on-research-and-development/
