South Korea leads in global R&D expenditure in the manufacture of communication equipment, valued at 31.12 billion USD PPP in 2023, with a 6.59% year-on-year increase. The United States follows at 13.25 billion USD PPP, with a modest 0.21% rise. Japan, at 2.2 billion USD PPP, shows a decline of 8.88%. Notable increases are seen in Taiwan and Poland, indicating potential shifts in R&D focus.
Future trends to watch include continued growth in South Korea and Taiwan due to technological advancements, while observing how Europe addresses its modest R&D presence. The market may also see evolving investments in digital technologies and 5G development.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Communication Equipment by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 31,120 | 2023 | +5.93% | +6.59% | View data |
| 2 | 2 United States | 13,250 | 2023 | +1.76% | +0.21% | View data |
| 3 | 3 Japan | 2,200 | 2023 | -19.02% | -8.88% | View data |
| 4 | 4 Taiwan | 1,890 | 2023 | +3.05% | +5.32% | View data |
| 5 | 5 Israel | 903.34 | 2023 | +3.23% | +4.33% | View data |
| 6 | 6 Germany | 756.68 | 2023 | -5.83% | -5% | View data |
| 7 | 7 Poland | 302.3 | 2023 | +6.23% | +6.35% | View data |
| 8 | 8 United Kingdom | 196.16 | 2023 | +0.28% | +0.33% | View data |
| 9 | 9 Italy | 122.14 | 2023 | -10.28% | -7.37% | View data |
| 10 | 10 Spain | 113.19 | 2023 | +7.92% | +3.57% | View data |
