The forecasted business enterprise expenditure on R&D in the Canadian aerospace industry reveals a gradual decline from 2024 to 2028, as a percentage of GDP. The year-on-year percentage decrease from 2024 to 2025 is -3.2%, from 2025 to 2026 is -3.3%, from 2026 to 2027 is -6.9%, and from 2027 to 2028 is -3.7%. The compound annual growth rate (CAGR) over this five-year period is approximately -4.3%, indicating a consistent downward trend in R&D expenditure compared to GDP.
Future trends to watch for include:
- Technological advancements that could revitalize investment in aerospace R&D.
- Government policies and funding that might influence R&D expenditure levels.
- Global market demand affecting Canadian aerospace priorities.
