In 2023, Finland led European business expenditure on R&D in communication equipment manufacturing with 53.66 million euros, despite a slight decline of 2.1%. Belgium followed with an expenditure of 18.78 million euros, showing stable growth of 3.25%. Italy and Poland reported subtle yet positive variations of 1.46% and 11.22%, respectively. The Czech Republic and Portugal demonstrated moderate increases of around 5.76% and 5.91%. Slovakia, Serbia, and Croatia, although with significantly lower expenditures, remained steady with Slovakia at 5.62% growth, and Serbia and Croatia showing no change.
Future trends to watch include potential increases in R&D spending in emerging tech hubs like Poland and Portugal, alongside steady growth in Belgium and potential stabilization in Finland. Monitoring shifts in policy and funding will be pivotal for forecasting changes in these trends.
Top countries in Business Expenditure on R&D in Communication Equipment Manufacturing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 53.66 | 2023 | -9.86% | -2.1% | View data |
| 2 | 2 Belgium | 18.78 | 2023 | +1% | +3.25% | View data |
| 3 | 3 Italy | 15.81 | 2023 | -7.66% | +1.46% | View data |
| 4 | 4 Poland | 4.96 | 2023 | +25.48% | +11.22% | View data |
| 5 | 5 Czech Republic | 2.79 | 2023 | +2.25% | +5.76% | View data |
| 6 | 6 Spain | 2.75 | 2021 | View data | ||
| 7 | 7 Portugal | 2.56 | 2023 | +4.16% | +5.91% | View data |
| 8 | 8 Slovakia | 0.26 | 2023 | +7.9% | +5.62% | View data |
| 9 | 9 Serbia | 0.12 | 2023 | +16.37% | View data | |
| 10 | 10 Croatia | 0.081 | 2023 | -9.06% | View data |
