2021 R & D Intensity by Industry Sector

   
 

Industry Sector

R & D
Intensity %

R & D
Growth %

Sales Growth %

Agriculture, Forestry, Fishing 0.4 78.9 579.9
Mining, Extraction 0.5 5.6 55.0
Construction 0.8 4.8 -11.3
Manufacturing 6.0 17.2 23.3
Transportation, Communications, Utilities 1.0 19.9 17.8
Wholesale Trade 0.9 9.5 11.1
Retail Trade 1.4 5.7 25.6
Finance, Insurance, Real Estate 5.7 118.9 58.9
Services 12.9 27.0 34.6
       
All sectors combined 5.9 20.1 27.1
   
 
  R&D Intensity is the ratio of R&D spending to Sales, expressed as a percentage.

 

The source of the above data is R&D Ratios & Budgets, a comprehensive annual report by Schonfeld & Associates, Inc. covering over 2,500 companies and 290 industries that spend on R&D. The information includes fiscal 2020 and 2021 R&D spending, 2021 revenue and R&D intensity ratio, as well as 2020 and 2021 annual growth rates in R&D spending and sales. Use it to track competition, set and justify R&D budgets, screen potential acquisitions, sell the laboratory and technology markets or plan new ventures and develop new products. Includes industry and R&D spender rankings. Published May 2022.