The total number of researchers in the manufacture of consumer electronics in South Korea has seen notable fluctuations over the past decade. In 2023, the number stood at 18.98 thousand full-time equivalents, marking an 8.81% increase from the previous year. Key periods include a dramatic surge from 2015 to 2017, peaking at an astonishing 526% YoY increase in 2016. The CAGR over the past five years up to 2023 was 4.46%, suggesting steady growth. Noteworthy was the decline in 2020 (11.74%), after which recovery ensued, culminating in the figures reported for 2023.
Future trends to watch for:
- An anticipated CAGR of 3.97% over the next five years indicates ongoing growth.
- Substantial investments in R&D and the emergence of new technologies could further boost researcher numbers.
- Policy changes and global market conditions will also likely impact future growth trajectories.