In 2023, Japan's intramural R&D expenditure in the business enterprise sector stood at 113.88 billion euros. Forecasts indicate a steady year-on-year growth through 2028, starting at 115.93 billion euros in 2024 and reaching 124.15 billion euros by 2028. The projected compound annual growth rate (CAGR) over this five-year period is noteworthy, highlighting a consistent upward trajectory in R&D investments.
Future trends to watch for include:
- Potential shifts in government policy impacting R&D tax incentives.
- Growing focus on innovation in technology-driven industries.
- Global economic conditions affecting business budgets and strategic priorities.
