Global R&D Budget for Defence Share by Country (Million US Dollars PPP)

The United States leads the global defense R&D budget with $85.62 million PPP, showing a YoY increase of 3.41% and a steady CAGR over the past five years. South Korea follows with a significant increase of 8.75% YoY. Germany and Taiwan have substantial YoY increases of 19.1% and 11.06%, respectively, indicating growing investments. The United Kingdom shows a slight decrease of 1.11% YoY, while Japan has a moderate increase of 5.17% YoY.

Significant YoY increases are seen in the Netherlands (29.14%), Hungary (224.37%), Belgium (75.6%), and Lithuania (69.89%), demonstrating robust growth in their defense R&D budgets. Smaller European countries such as Finland, Denmark, Sweden, Slovakia, and various Eastern European nations show a mix of moderate increases and decreases, reflecting diverse national priorities.

Looking forward to 2024 and beyond, we can expect continued increases in the defense R&D budgets of countries like South Korea, Germany, and Taiwan due to geopolitical tensions and the modernization of military capabilities. Emerging markets and smaller nations might boost their R&D investments to address specific security needs and technological advancements. Watch for substantial shifts driven by changing security landscapes and technological breakthroughs in AI, cybersecurity, and space defense.