Since 2013, business expenditure on R&D in communication equipment manufacturing in Spain has shown a general declining trend, although there have been years of moderate recovery. The expenditure peaked in 2014, followed by a consistent decrease until 2018. After a brief resurgence in 2019, the expenditure dropped significantly in 2020 due to market disruptions. However, there was a gradual recovery in the subsequent years, with a 2.9% year-on-year increase observed in 2023.
Notable year-on-year variations include:
- 2023: +2.9%
- 2022: +4.55%
Over the last five years, the expenditure has shown an average variation per year (CAGR) of 0%, reflecting a stabilization around 0.71 units of R&D expenditure.
Looking ahead, the forecast indicates a slight decline with a five-year CAGR of -0.28%, suggesting a gradual decrease in R&D spending in this sector through to 2028. Future trends to watch for include the impact of digital transformation, the evolving demands for 5G technology, and the potential influence of government investments on R&D activities.
