In 2023, Japan led global R&D expenditure in the motor vehicles sector with a share of 26.67 million USD PPP, closely followed by Germany and China with 24.98 and 23.12 respectively. The United States, United Kingdom, and Italy trailed significantly behind the top three. Notable year-on-year growth was observed in countries like Hungary (11.77%) and Lithuania (11.92%), while Taiwan, Israel, and Mexico saw declines. Over the past five years, the sector has experienced varying degrees of expansion, influenced by technological advancements and geopolitical factors.
Looking ahead, key trends to watch include the acceleration of electric vehicle innovation, increased investment in sustainable manufacturing practices, and potential shifts in expenditure due to global supply chain realignments. The ongoing competition among leading countries is likely to heighten as they strive for technological dominance in the automotive sector.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Motor Vehicles, Trailers and Semi-Trailers Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 26.67 | 2023 | +2.47% | +2.36% | View data |
| 2 | 2 Germany | 24.98 | 2023 | +7.91% | +2.54% | View data |
| 3 | 3 China | 23.12 | 2023 | +5.13% | +2.35% | View data |
| 4 | 4 United States | 17.2 | 2023 | +2.97% | +1.29% | View data |
| 5 | 5 United Kingdom | 3.54 | 2023 | +4.04% | +5.11% | View data |
| 6 | 6 Italy | 1.77 | 2023 | +2.6% | +4.39% | View data |
| 7 | 7 Poland | 0.79 | 2023 | +15.6% | +5.28% | View data |
| 8 | 8 Hungary | 0.56 | 2023 | +10.76% | +11.77% | View data |
| 9 | 9 Romania | 0.35 | 2023 | +5.73% | +7.2% | View data |
| 10 | 10 Taiwan | 0.3 | 2023 | +1.33% | -1.42% | View data |
