The forecast for business enterprise expenditure on R&D in Canada's manufacturing sector, as a percentage of Total BERD, shows a decline from 23.69% in 2024 to 19.56% in 2028. Year-on-year reductions are evident, averaging an annual decline of approximately 3% over the five-year period, highlighting a consistent downward trend. Compared to the 2023 baseline, this represents a significant shift in resource allocation within the sector.

Future trends to watch for:

The impact of technological advancements and AI integration on future R&D investment models.
Changes in government policies or incentives that may influence private sector investment in R&D.
Emerging industries that could alter the landscape of manufacturing R&D priorities in Canada.