Note(s):
Data on R&D directed at new business not collected for 2011.
Source(s):
NCSES, Business Research and Development Survey. Latest year available: 2017, at https://ncses.nsf.gov/pubs/nsf20311/. For 2010 and 2015–16, see https://www.nsf.gov/statistics/industry/. For 2008–09, 2012, data are available in the survey's Methodology Report, available from the author.
In 2017, U.S. businesses invested $55 billion in R&D directed at new business areas and new product lines, or 11.6% of their worldwide R&D expenses. NCSES first collected this data in 2008 when businesses reported $40 billion in such investments, accounting for 12.2% of businesses' total worldwide R&D expense. In the years following the 2008 onset of the Great Recession, businesses reported about $25 billion in R&D investments directed at new business areas and new product lines, less than 8% of their total worldwide R&D expenses.
Suggested Citation: Anderson G., National Center for Science and Engineering Statistics (NCSES). 2020. U.S. Businesses Invest $55 Billion in R&D Directed at New Business Areas and New Product Lines. NSF 20-315. Alexandria, VA: National Science Foundation. Available at https://www.nsf.gov/statistics/2020/nsf20315/.