In 2024, Italy's business enterprise R&D expenditure in the manufacture of air and spacecraft and related machinery is projected to reach 2.01 billion USD PPP. From 2024 to 2028, this expenditure is forecasted to grow consistently, reaching 2.17 billion USD PPP by 2028. The year-on-year growth rate is approximately 2% throughout the forecasted period. For context, in 2023, the expenditure was likely slightly under 2 billion USD PPP, marking a continued upward but modest trend.
Future trends to watch for include technological advancements and increased innovation in aerospace which could spur higher R&D investments. Additionally, global shifts towards sustainability and aerospace enhancements in defense or space exploration might impact funding priorities and growth rates in this sector.
