In 2023, Business Enterprise R&D Expenditure in the specified sectors in Germany was approximately 7.4 billion USD PPP. The forecast for 2024 stands at 7.58 billion USD, marking a 2.4% increase. Projections continue with a consistent annual growth of 2.8% up to 2025, thereafter increasing by similar yearly increments of around 2.6%–2.7%, culminating in a projected expenditure of 8.39 billion USD by 2028. The compound annual growth rate (CAGR) over the 2024-2028 period stands at approximately 2.6%, indicating steady growth in R&D investment.
Future trends to watch for include:
- Attention towards digital transformation, which might accelerate R&D investments.
- Increasing focus on sustainable and green technologies could drive specialized research spending.
- Potential impacts of policy changes on research funding and investment in innovation within Europe.
- International competition which may influence Germany's R&D landscape, affecting priorities and allocations.