In 2023, Finland led European business R&D expenditure in communication equipment manufacturing, spending 668.54 million euros. Belgium followed with 233.95 million euros, and Italy invested 196.97 million euros. Poland, with an 11.22% increase, showed the highest year-on-year growth. Small economies like Serbia and Croatia saw no change. Over the past five years, countries like Poland, the Czech Republic, and Portugal have displayed consistent upward trends driven by increasing technology adoption and innovation investments.
Future projections suggest continued growth in Poland and the Czech Republic due to increased European Union funding and the rising need for advanced communication technologies. Finland and Belgium might experience steady investments with slight fluctuations, while Italy seeks innovation to drive future growth.
Top countries in Business Expenditure on R&D in Communication Equipment Manufacturing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 668.54 | 2023 | -9.86% | -2.1% | View data |
| 2 | 2 Belgium | 233.95 | 2023 | +1% | +3.25% | View data |
| 3 | 3 Italy | 196.97 | 2023 | -7.66% | +1.46% | View data |
| 4 | 4 Poland | 61.83 | 2023 | +25.48% | +11.22% | View data |
| 5 | 5 Czech Republic | 34.79 | 2023 | +2.25% | +5.76% | View data |
| 6 | 6 Spain | 34.22 | 2021 | View data | ||
| 7 | 7 Portugal | 31.91 | 2023 | +4.16% | +5.91% | View data |
| 8 | 8 Slovakia | 3.18 | 2023 | +7.9% | +5.62% | View data |
| 9 | 9 Serbia | 1.49 | 2023 | +16.37% | View data | |
| 10 | 10 Croatia | 1.01 | 2023 | -9.06% | View data |
