Forecast: Business Expenditure on R&D in Telecommunications in Belgium

Between 2013 and 2023, business expenditure on R&D in telecommunications in Belgium increased significantly from 117.32 million Euros to 367.75 million Euros. The YoY variations have shown fluctuating increases, peaking in 2018 with a 59.9% rise and decelerating to a 2.07% increase by 2023. The 5-year CAGR up to 2023 averaged 7.91% per annum, reflecting a robust growth phase.

From 2024 to 2028, the expenditure is forecasted to grow at a more moderate pace with a 5-year CAGR of 1.52%, achieving an overall growth rate of 7.83% over the period. Future trends to watch for include the integration of AI and 5G technology advancements, potentially driving R&D investment further in the long run.