As Prof Bani-Fwaz mentioned . It is not the theory or concepts per se it is the applicability factor that academics does not see :)
My students would ask : Why and where is controls system used ???
Now , you have better answers than me . I would say "where ever we want to control and observe the system functioning" .
Flip-side : we do not want Industry ready robots , we want thinkers and designers and engineers who appreciate and understand existing knowledge base too...
Good interesting thoughts shared by Prof murthy and Prof Bani, it is all in the current situation driven by cost options.... very difficult and different to adopt and explain
1. Taken up as partial fulfillment of M.Sc or Ph.D thesis work of students or PDF.
2. Focus mainly on basic research for improving the understanding of subject knowledge without giving much importance for application (most of the times, not always)
3. Conducted by students and/or professors who has secured grants from University (using grants, the infrastructure of laboratory of department will be improvised)
4. Completely ignores the feasibility / viability / translation-ability of research into field applications (the most important point that differentiates academic research from industrial research)
5. Most Nobel Prices have been awarded for Academic Research
6. To produce a break-through research findings, it takes decades of years (very time consuming)
Industrial Research:
1. Research with clear objectives of developing a new technology / new tool / process / drug / natural product conducted by private organization alone or in collaboration with academics / government institutes / universities....conducted by Research Scientists working for companies
2. Main focus is translation-ability to field applications (usefulness to human-beings and animals)
3. With clearly defined time-lines and deliverable (short to medium duration)