From 2016 to 2023, the R&D intensity for nanotechnology in Canada's business sector saw notable fluctuations. Starting at 0.25 BERD in 2016, the sector faced a slight decline to 0.24 in 2017, followed by a robust recovery, culminating at 0.52 BERD in 2023. Variations in percentage terms showed impressive growth, particularly from 2018 to 2020, with a substantial year-on-year increase of 22% in 2019 and peaking at 27.23% in 2020. However, growth cooled slightly in subsequent years, with a notable dip in 2021 (-5.33%) and a moderate rise by 9.43% in 2023. The last five-year CAGR leading to 2023 stood strong at 13.1%. Future forecasts predict a steady growth trajectory, with a 5-year CAGR of 5.58%, leading to a projected R&D intensity of 0.74 BERD by 2028.

Future trends to watch for:

Continued investment growth driven by advancements in nanotechnology applications.
Potential impacts of global economic conditions on R&D funding.
Government policies and funding incentives aimed at fostering innovation in nanotechnology.