The United Kingdom leads in aerospace R&D expenditure with a 27.54% share, followed by Germany at 25.19% and Italy at 22.07%. Japan and Spain show moderate shares at 10.69% and 9.5% respectively. Emerging European countries like Poland, Czech Republic, Austria, and Romania have smaller shares but show higher growth rates, especially Romania at 44.44% and Czech Republic at 14.2%. Mature markets like Finland and Norway experienced a decline with -2.16% and -9.98% respectively in 2023.
Future trends indicate increased R&D spending in countries with strong growth rates and emerging aerospace sectors, potentially shifting shares. Continued advancements and strategic investments in aerospace technology will likely drive diverse opportunities worldwide.
Top countries in Business Enterprise Expenditure on R&D Performed in the Aerospace Industry Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 27.54 | 2023 | +1.52% | +1.13% | View data |
| 2 | 2 Germany | 25.19 | 2023 | +4.14% | -0.82% | View data |
| 3 | 3 Italy | 22.07 | 2023 | +1.16% | +2.29% | View data |
| 4 | 4 Japan | 10.69 | 2023 | +5.31% | +3.68% | View data |
| 5 | 5 Spain | 9.5 | 2023 | +3% | +3.03% | View data |
| 6 | 6 Poland | 2.02 | 2023 | +8.68% | +6.86% | View data |
| 7 | 7 Czech Republic | 1.85 | 2023 | +16.2% | +14.2% | View data |
| 8 | 8 Austria | 0.91 | 2023 | +2.76% | +2.2% | View data |
| 9 | 9 Romania | 0.54 | 2023 | +22.32% | +44.44% | View data |
| 10 | 10 Mexico | 0.35 | 2023 | +2.65% | +2.25% | View data |
