The United States leads global R&D expenditure in the Computer, Electronic, and Optical industry, followed by South Korea and Taiwan. From 2022 to 2023, the largest growth was seen in Romania, Iceland, and Lithuania, while Japan, Spain, and Canada experienced declines. Notably, Taiwan and Poland are on an upward trajectory with impressive year-on-year growth. Over the last five years, the CAGR indicates a dynamic shift, highlighting significant investments in Eastern Europe and parts of Asia.
Looking ahead, expect heightened investment in R&D from emerging markets as they strive to compete technologically. Geopolitical factors and supply chain advancements will play pivotal roles in these trends, potentially altering the global landscape of R&D investment.
Top countries in Business Enterprise Expenditure on R&D Performed in the Computer, Electronic and Optical Industry by Country
| # | 10 Countries | Million US Dollars PPP, Constant | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 94,219,000,000 | 2023 | +1.21% | +3.04% | View data |
| 2 | 2 South Korea | 46,261,000,000 | 2023 | +3.64% | +3.17% | View data |
| 3 | 3 Taiwan | 42,996,000,000 | 2023 | +12.01% | +12.65% | View data |
| 4 | 4 Japan | 21,955,000,000 | 2023 | -3.83% | -3.82% | View data |
| 5 | 5 Germany | 10,245,000,000 | 2023 | +0.092% | +0.2% | View data |
| 6 | 6 Israel | 2,099,200,000 | 2023 | +2.38% | +0.37% | View data |
| 7 | 7 United Kingdom | 1,554,000,000 | 2023 | +0.26% | -0.19% | View data |
| 8 | 8 Italy | 1,310,600,000 | 2023 | -2.01% | -1.57% | View data |
| 9 | 9 Austria | 1,259,900,000 | 2023 | +1.8% | +2.74% | View data |
| 10 | 10 Finland | 1,071,800,000 | 2023 | -3.19% | -1.71% | View data |
