In 2023, the private non-profit expenditure on R&D in Canada stood at an actual value that precedes the forecasted increase over the coming years. From 2024 to 2028, the projected data shows a steady upward trend, with incremental rises each year reaching 132.06 Million US Dollars PPP by 2028. The year-on-year growth rates indicate modest but consistent increases, reflecting a stable investment trajectory. The CAGR over this five-year period reveals an average annual growth that underscores a commitment to R&D investment among non-profit entities.
Future trends to watch for include potential shifts in funding priorities due to technological advances, policy changes, or economic conditions which might affect the R&D investment landscape in Canada. Additionally, the role of international collaborations and emerging fields such as digital technology and sustainable innovation could significantly impact expenditure patterns in the coming years.
