In 2023, private non-profit expenditure on R&D in all fields in Japan was valued at 207.51 billion Japanese Yens, based on historical data. For 2024, the forecasted expenditure is projected to be 202.66 billion Japanese Yens, marking a year-on-year decrease of 2.33%. This declining trend is expected to continue annually, with expenditures dropping to 180.96 billion yen by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average annual decline of 2.8% in private non-profit R&D expenditure.
Future trends to watch for:
Key areas to monitor include potential government policy changes, technological advancements, and international collaborations that could influence the trajectory of R&D spending. The focus on digital transformation and green technologies may present new opportunities for increased investment, despite prevailing declining trends.
