The scientific research and development sector in Germany saw a projected turnover decrease from 2024 to 2028, beginning at 14.98 billion euros in 2024, expectedly declining to 13.14 billion euros by 2028. This suggests a moderate downward trend, reflecting a compounded average growth rate (CAGR) decline over the five-year period. In 2023, the turnover was recorded at 15.87 billion euros, marking a significant year-on-year downturn stepping into 2024.
Future trends to watch for include:
- Impact of governmental and private funding in stimulating innovation and research.
- Technological advancements and their integration in R&D activities altering market dynamics.
- Global economic shifts influencing Germany's R&D sector and its competitive positioning.
