In 2023, South Korea led global business enterprise R&D expenditure in the manufacture of communication equipment with a robust rise of 5.59% year-on-year. The United States, although holding a significant portion, saw a decline of 2.64%. Taiwan and Israel exhibited moderate increases of 3.62% and 3.67% respectively, while Japan faced a notable reduction of 14.27%. Germany also had a decline of 9.37%. Eastern European countries like Poland showed a healthy increase of 5.53%, whereas Hungary experienced a sharp decline of 41.27%.
The future trends to monitor include South Korea's continued dominance and the recovery of countries with current negative growth, like Germany and Japan. There's potential for increased R&D in emerging markets, possibly reshaping the global landscape in communication equipment manufacturing.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Communication Equipment Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 63.18 | 2023 | +5.23% | +5.59% | View data |
| 2 | 2 United States | 24.32 | 2023 | -1.7% | -2.64% | View data |
| 3 | 3 Taiwan | 3.86 | 2023 | +2.65% | +3.62% | View data |
| 4 | 4 Japan | 3.72 | 2023 | -30.02% | -14.27% | View data |
| 5 | 5 Israel | 1.85 | 2023 | +2.56% | +3.67% | View data |
| 6 | 6 Germany | 1.34 | 2023 | -13.61% | -9.37% | View data |
| 7 | 7 Poland | 0.62 | 2023 | +6.12% | +5.53% | View data |
| 8 | 8 United Kingdom | 0.38 | 2023 | -1.33% | -1.25% | View data |
| 9 | 9 Spain | 0.18 | 2023 | +2.93% | -2.12% | View data |
| 10 | 10 Estonia | 0.1 | 2021 | View data |
