In 2024, Taiwan leads global R&D expenditure in the computer, electronic, and optical industry with 79.57% of total business enterprise R&D, having experienced a 1.56% increase year-on-year. South Korea comes in second, while Finland, experiencing a 2.28% decline, remains a key player. The United States and China are noteworthy, with the U.S. experiencing a minor decrease of 0.52% and China increasing by 1.92%. Among others, Estonia's impressive 6.56% increase stands out, as does Iran's and Romania's growth albeit from a smaller base, while Japan, Latvia, and Belgium see significant declines.
Future trends to watch for include:
- The impact of emerging technologies such as AI and IoT on increasing R&D spend in countries with declining trends like Japan and Finland.
- Potential shifts in R&D focus towards green technologies, especially from European countries.
- The increasing importance of strategic alliances between countries to share research capabilities and results, particularly between Asian and Western nations.
Top countries in Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry by Country
| # | 10 Countries | Percent of Total BERD | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Taiwan | 79.57 | 2023 | +1.16% | +1.56% | View data |
| 2 | 2 South Korea | 50.8 | 2023 | +0.025% | -0.33% | View data |
| 3 | 3 Finland | 23.01 | 2023 | -1.64% | -2.28% | View data |
| 4 | 4 United States | 18.37 | 2023 | -1% | -0.52% | View data |
| 5 | 5 China | 18.07 | 2023 | -0.05% | +1.92% | View data |
| 6 | 6 Japan | 17.33 | 2023 | -2.04% | -2.3% | View data |
| 7 | 7 Estonia | 13.84 | 2023 | +4.51% | +6.56% | View data |
| 8 | 8 Ireland | 13.3 | 2023 | +1.9% | +3.23% | View data |
| 9 | 9 Germany | 11.01 | 2023 | -1.46% | -0.84% | View data |
| 10 | 10 Austria | 10.7 | 2023 | -1.37% | -0.67% | View data |
