In 2023, the total internal R&D personnel in the manufacture of electronic components and boards in Canada stood at approximately 1.54 thousand full-time equivalents. Forecasts from 2024 to 2028 indicate a consistent decline: a 9.2% decrease from 2024 to 2025, 10.9% from 2025 to 2026, 11.4% from 2026 to 2027, and 13.4% from 2027 to 2028. Over these forecasted years, the compound annual growth rate (CAGR) indicates an average decline of about 10.3% annually.
Future trends to watch for:
- Shifts in R&D investment strategies in the electronics sector
- Impact of emerging technologies on employment and production processes
- Potential policy changes influencing innovation and R&D focus areas
