The business expenditure on R&D in the communication equipment manufacturing sector in Belgium has experienced fluctuating trends. From 2013 to 2022, the year-on-year variations have ranged from a high increase of 21.95% in 2022 to a significant drop of 17.31% in 2018. Despite these fluctuations, the expenditure in 2023 stood at 0.051 units of GDP. Recent trends show minor variation and a stabilization of investment, exemplified by a 2% increase in 2023 followed by steady forecasts of 0.51 and 0.52 units of GDP until 2028. Over the last five years, the compound annual growth rate (CAGR) was 3.47%.
Future trends to watch for:
- Emergence of 5G and 6G technologies.
- Increased focus on cybersecurity R&D.
- Potential impacts of EU digital policies.
- Advancements in IoT and smart communication devices.
