The aerospace industry's R&D spending as a percentage of Total Business Enterprise Research and Development (BERD) in Canada is on a declining trend from 2024 to 2028. The forecast indicates a gradual decrease from 3.3% in 2024 to 2.73% by 2028, marking a consistent reduction in this portion year-on-year. This represents a compound annual growth rate (CAGR) showing an average yearly decline over this five-year period.

Future trends to watch for include:

The impact of emerging technologies on the aerospace sector and their potential to stimulate increased R&D expenditures.
Government policies and incentives aimed at encouraging innovation within the industry.
Competitive dynamics globally that could either intensify R&D investments or result in strategic reallocations within firms.
Potential economic factors that might affect funding availability and business confidence levels within the aerospace sector.