The scientific research and development sector in Denmark has shown dynamic changes over the last decade. Starting from 22.13 million hours in 2013, the sector experienced various year-on-year fluctuations. Notable increases include 7.71% in 2013 and 12.16% in 2021, driven by intensified research activities. By 2023, the sector reached 29.76 million hours, reflecting a compound annual growth rate (CAGR) of 5.97% over the past five years, prominently increasing after the considerable boosts in 2021 and 2022. Forecasts for the next five years suggest a moderate yet steady growth, with a CAGR of 0.72% and an overall growth rate of 3.65% by 2028.
Key points:
- 2021 marked a significant increase with year-on-year growth of 12.16%
- By 2023, activity stood at 29.76 million hours
- From 2024, growth expected to stabilize with a CAGR of 0.72%
Future trends to watch for include increased funding for green technology research and developments driven by sustainability efforts, as well as the potential impact of artificial intelligence innovations on research methods and productivity.
