In 2023, Finland led European investment in shipbuilding R&D as a percentage of GDP at 0.025%, followed by Italy at 0.007%, Spain at 0.004%, Poland at 0.002%, and Portugal at 0.001%. Finland and Italy's expenditures showed moderate annual growth, while Poland's investments surged significantly by 14.87%. Portugal did not record any yearly change. Over the past five years, the sector experienced stable growth due to innovation and environmental sustainability emphasis.
Future trends to watch include increased digitization, integration of artificial intelligence, and a heightened focus on green technologies in shipbuilding R&D, likely driving investment across various European countries.
Top countries in Business Expenditure on R&D in Shipsbuilding by Country
| # | 5 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 0.025 | 2023 | +13.64% | +2.59% | View data |
| 2 | 2 Italy | 0.007 | 2023 | 0% | +3.13% | View data |
| 3 | 3 Spain | 0.004 | 2021 | View data | ||
| 4 | 4 Poland | 0.002 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Portugal | 0.001 | 2023 | 0% | 0% | View data |
