This statistic shows the percentage of global research and development spending in 2018, by industry. In 2018, about 2.8 percent of global research and development spending was made by the aerospace and defense industry. Lockheed Martin's expenditure on research and development in 2017, for example, stood at 1.2 billion U.S. dollars.
Additional information on research and development in the healthcare industry
The high degree of financial risk as well as the high costs associated with conducting medical research means that a smaller number of large companies tend to dominate the market and thus dominate subsequent research. One such firm is Johnson & Johnson who increased spending on research and development from around 6.5 billion dollars in 2005 to over 10.5 billion in 2017. Such increases in spending suggest further the competitive nature of the market and that even the larger dominant firms must remain ahead of the competition.
Percentage of global research and development spending in 2018, by industry
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PwC. (October 30, 2018). Percentage of global research and development spending in 2018, by industry [Graph]. In Statista. Retrieved May 16, 2022, from https://www.statista.com/statistics/270233/percentage-of-global-rundd-spending-by-industry/
PwC. "Percentage of global research and development spending in 2018, by industry." Chart. October 30, 2018. Statista. Accessed May 16, 2022. https://www.statista.com/statistics/270233/percentage-of-global-rundd-spending-by-industry/
PwC. (2018). Percentage of global research and development spending in 2018, by industry. Statista. Statista Inc.. Accessed: May 16, 2022. https://www.statista.com/statistics/270233/percentage-of-global-rundd-spending-by-industry/
PwC. "Percentage of Global Research and Development Spending in 2018, by Industry." Statista, Statista Inc., 30 Oct 2018, https://www.statista.com/statistics/270233/percentage-of-global-rundd-spending-by-industry/
PwC, Percentage of global research and development spending in 2018, by industry Statista, https://www.statista.com/statistics/270233/percentage-of-global-rundd-spending-by-industry/ (last visited May 16, 2022)