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We focus on research and development in this month’s issue of Ceramic Industry. According to the recently released “2011 Global R&D Forecast” from Battelle-R&D Magazine, worldwide spending on R&D is forecast to reach $1.2 trillion this year (a 3.6% increase over 2010). While U.S. spending is anticipated to grow by just 2.4%, to $405.3 billion, the U.S. will remain the top spender, funding one-third of global R&D.
According to the report, emerging economies are expected to begin making more of an impact in the global R&D arena. Countries such as China, Korea, India, Russia and Brazil are increasing their rates of R&D spending at a quicker pace than traditional leaders U.S., Japan, and Germany.
The February issue also features our annual R&D Lab Equipment and Instrumentation Directory. Be sure to keep the directory handy when sourcing your R&D project needs.
How have your company’s R&D initiatives been affected by the worldwide recession? Please share your experiences by entering a comment below.