In 2023, the actual R&D personnel in the business enterprise sector stood at an estimated 175.05 thousand full-time equivalents. From 2024 to 2028, forecasts show a steady increase annually, with a compound annual growth rate (CAGR) of approximately 1% over the five-year period. Year-on-year growth trends indicate slight continuous increases, reflecting a stable investment in R&D activities within businesses sector across Canada.
Future trends to watch for:
- Impact of government policies and incentives on R&D investments.
- Emerging industries and technologies contributing to R&D personnel demand.
- Global economic conditions influencing R&D funding and recruitment.
