In 2023, Belgium led European countries in R&D spending in Architectural, Engineering, Technical Testing, and Analysis Services with 739.28 million euros, followed by Sweden and Spain. Notable yearly growth was observed in Italy, Portugal, and the Czech Republic, suggesting investments in these sectors. Contrarily, Malta experienced a slight decline. Five-year compounded growth was pronounced in smaller markets like Slovakia and Serbia. Future trends to monitor include technological innovations, digitalization's impact, and shifts in regulatory environments. Enhancements in sustainable and eco-friendly methodologies may drive higher R&D investments across Europe, with potential growth in Eastern Europe due to evolving economic conditions.
Top countries in Business Expenditure on R&D in Architectural, Engineering, Technical Testing and Analysis Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 739.28 | 2023 | +7.05% | +10.62% | View data |
| 2 | 2 Sweden | 563 | 2023 | +19.45% | View data | |
| 3 | 3 Spain | 373.68 | 2021 | View data | ||
| 4 | 4 Italy | 169.22 | 2023 | +16.35% | +30.41% | View data |
| 5 | 5 Portugal | 113.7 | 2023 | +17.26% | +21.21% | View data |
| 6 | 6 Poland | 90.9 | 2023 | +8.24% | +9.4% | View data |
| 7 | 7 Czech Republic | 71.53 | 2023 | +23.57% | +37.04% | View data |
| 8 | 8 Finland | 24.97 | 2023 | +9.29% | +4.42% | View data |
| 9 | 9 Croatia | 12.4 | 2023 | +34.12% | View data | |
| 10 | 10 Hungary | 4.21 | 2021 | View data |
