From 2013 to 2023, the output of Scientific Research and Development Activities in Italy increased steadily, reaching 26.7 billion Euros in 2023. Although there were minor declines in 2014 and 2016, the overall trend has been upward, especially from 2017 onwards. The last two years showed significant growth with a 6.73% increase in 2022 and a 5.32% increase in 2023, resulting in a recent 5-year CAGR of 4.43%.
Future trends to watch for include:
- Projected continued growth with a forecast 5-year CAGR of 3.47%.
- By 2028, the sector is expected to grow by approximately 18.61%, reaching 33.26 billion Euros.
- Possible impacts of technological advancements and increased funding on accelerating growth.