The Product Offerings rating has been given by considering the following factors: Siemens AG holds approximately 59,800 patents. The company is focused on new product developments. Research and development expenditure of this company is USD 5.2 billion which is 5.9% of its revenue in 2016. The research and development expense increased 5% from 2015 to 2016. Siemens has a strong presence in OE markets as well as aftermarket.