Forecast: Total Internal R&D Personnel in Manufacture of Instruments and Appliances for Measuring, Testing and Navigation; Watches and Clocks in Canada

In 2023, the sector employed approximately 4.62 thousand full-time equivalent personnel in R&D, with forecasts showing a gradual increase through 2028. Year-on-year, this represents a growth of about 0.43% between 2024 and 2025, then a projection of 0.21% and 0.43% for the subsequent years. Over the five-year period, the compound annual growth rate (CAGR) averages at approximately 0.29%, indicating stability with modest growth in R&D investments.

Future trends to watch include technological advancements in measurement and navigation instrumentation and the potential impact of increased demand for precision technologies. Industry players should also monitor global supply chain shifts that may influence personnel needs in R&D.

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