In 2023, Germany's business enterprise expenditure on R&D stood at approximately 79.7 billion Euros. Starting from 2024, the forecasted data show a steady annual increase, reaching 89.33 billion Euros by 2028. Year-on-year percentage changes indicate a consistent growth of roughly 2-3% each year. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.4%.
Future trends to watch for include:
- Increased focus on digital transformation and sustainability in R&D investments.
- Potential impacts of geopolitical shifts on funding and international collaborations.
- Continued emphasis on automotive and manufacturing sectors, pivotal in driving Germany’s industrial innovation.