Production in the Scientific Research and Development sector in Spain is expected to show a steady increase from 2024 to 2028. In 2023, production stood at 3.65 billion euros. The forecast data indicate a growth from 3.81 billion euros in 2024 to 4.44 billion euros by 2028. Year-on-year, the sector is projected to experience growth rates of approximately 4.2% in 2024, 4.2% in 2025, 3.9% in 2026, and 3.6% in 2027. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.88%.
Future trends to watch for include increased investment in green technologies, advancements in biotech and health research, and the impact of digital transformation in scientific processes. There is also potential for collaborations and partnerships both within Europe and globally to foster innovation and enhance production capabilities in the sector.
