In 2023, Finland led European R&D expenditure in computer hardware manufacturing with 114.9 million euros, experiencing a remarkable 29.87% year-on-year increase, surpassing peers significantly. Belgium and Italy followed, with Italy showing a modest growth of 3.04%. Conversely, Slovakia and Portugal saw declines in spending by -10.94% and -2.13% respectively, while Serbia demonstrated substantial growth of 22.91%, albeit from a lower base. The overall landscape indicates varied investment levels across countries, signifying different strategic priorities and capabilities in hardware innovation.
Future trends to watch include Finland's continued dominance driven by aggressive R&D strategies and potential recovery in Slovakia if economic conditions improve. Emerging markets like Serbia may see accelerated growth as they capitalize on increasing investments to boost technological capabilities.
Top countries in Business Expenditure on R&D in Computer Hardware Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 114.9 | 2023 | +8.04% | +29.87% | View data |
| 2 | 2 Belgium | 65.72 | 2021 | -11.85% | View data | |
| 3 | 3 Italy | 47.22 | 2023 | +1.06% | +3.04% | View data |
| 4 | 4 Czech Republic | 8.75 | 2023 | +2.99% | +6.81% | View data |
| 5 | 5 Portugal | 6.59 | 2023 | +6.92% | -2.13% | View data |
| 6 | 6 Poland | 6.55 | 2023 | +2.28% | -3% | View data |
| 7 | 7 Croatia | 4.03 | 2023 | +17.29% | View data | |
| 8 | 8 Serbia | 2.67 | 2023 | +82% | +22.91% | View data |
| 9 | 9 Slovakia | 2.56 | 2023 | +3.52% | -10.94% | View data |
| 10 | 10 Spain | 1.56 | 2021 | View data |
