In 2023, Italy led European R&D expenditure in electronic components manufacturing with €1.15 billion, followed by Switzerland with €0.415 billion and Finland at €0.151 billion. Notable surges include Poland's 10.58% and Portugal’s 11.33% increases. Conversely, Belgium and Malta saw declines of 0.36% and 3.36%, respectively. Over the past five years, significant growth was observed, particularly in Poland and Portugal, indicating a shifting focus to these emerging markets.
Future trends to watch include continued investment in Eastern Europe as countries like Poland benefit from infrastructural improvements and increased emphasis on innovation-driven growth. Changes in global supply chains may also drive increased R&D investments throughout Europe.
Top countries in Business Expenditure on R&D in Electronic Components Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,150 | 2023 | +5.82% | +4.45% | View data |
| 2 | 2 Switzerland | 415.06 | 2023 | +0.71% | +3.52% | View data |
| 3 | 3 Finland | 150.53 | 2023 | +6.08% | +4.43% | View data |
| 4 | 4 Belgium | 126 | 2023 | +3.82% | -0.36% | View data |
| 5 | 5 Czech Republic | 104.27 | 2023 | +13.45% | +1.99% | View data |
| 6 | 6 Spain | 47.9 | 2021 | View data | ||
| 7 | 7 Poland | 42.12 | 2023 | +5.01% | +10.58% | View data |
| 8 | 8 Portugal | 20.48 | 2023 | +1.58% | +11.33% | View data |
| 9 | 9 Slovakia | 13.37 | 2023 | +2.93% | +3.27% | View data |
| 10 | 10 Malta | 2.84 | 2023 | +1.32% | -3.36% | View data |
