In 2023, the United States led in R&D expenditure in the manufacture of electronic components and boards, accounting for a significant 45.93 million US dollars PPP, followed by Taiwan (28.1) and South Korea (11.83). Year-over-year, the U.S. increased by 15.09%, while Taiwan and South Korea rose by 18.36% and 8.92%, respectively. Other countries showed moderate growth, with notable increases in Romania (19.58%) and Lithuania (10.88%). However, Canada experienced a decline of -3.27%.
Looking ahead, the global expansion of the semiconductor industry will likely drive further investments in R&D. Emerging markets could gain traction, aligning their strategies with technological advancements and regional demand fluctuations.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Electronic Components and Boards Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 45.93 | 2023 | +11.25% | +15.09% | View data |
| 2 | 2 Taiwan | 28.1 | 2023 | +16.97% | +18.36% | View data |
| 3 | 3 South Korea | 11.83 | 2023 | +7.31% | +8.92% | View data |
| 4 | 4 Japan | 9.75 | 2023 | +9.87% | +10.22% | View data |
| 5 | 5 Germany | 1.95 | 2023 | +2.18% | +2.9% | View data |
| 6 | 6 Italy | 0.76 | 2023 | +2.94% | +4.09% | View data |
| 7 | 7 Israel | 0.21 | 2023 | +5.24% | +3.48% | View data |
| 8 | 8 Canada | 0.13 | 2023 | -1.86% | -3.27% | View data |
| 9 | 9 Spain | 0.068 | 2023 | +4.82% | +7.54% | View data |
| 10 | 10 Norway | 0.05 | 2023 | +5.95% | +8.25% | View data |
