In 2023, the business enterprise expenditure on R&D performed in total manufacturing in Italy stood at 17.92 trillion USD PPP. From 2024 to 2028, a consistent year-on-year growth is projected, with an average increase of approximately 2.66% annually. By 2028, this expenditure is expected to reach 20.44 trillion USD PPP, resulting in a compound annual growth rate (CAGR) of 2.66% over the five-year forecast period.
Future trends to watch for include:
- The potential impact of digital transformation and Industry 4.0 on R&D activities.
- Government policies affecting R&D investments in the manufacturing sector.
- The influence of global economic conditions on business expenditure and innovation priorities.
- Emerging technologies and their potential to drive incremental or disruptive R&D investments.
