The forecast for higher education expenditure on R&D in engineering and technology in Germany indicates a steady increase from 7.74 billion USD PPP in 2024 to 8.84 billion USD PPP in 2028. This suggests a progressive commitment to investing in research, driven by technological advancements and the need for sustainable innovations. In 2023, the expenditure stood at approximately 7.46 billion USD PPP. Over the forecasted period, there is an average year-on-year growth rate of about 3.4%, reflecting the sector’s dynamism. Looking back from 2023 to 2028, the compound annual growth rate (CAGR) is projected at around 3.41%.
Future trends to watch for:
- Increasing digitalization and its impact on R&D investments.
- Focus on green technologies and sustainable engineering solutions.
- Collaborations between academia and industry driving innovative research.
