The UK's business expenditure on R&D in computer hardware manufacturing shows a declining trend from 2024 to 2028. The forecast reflects a continuous year-on-year decrease, with a notable Compound Annual Growth Rate (CAGR) suggesting an average annual reduction in spending of about 27.1% over this five-year period. This contraction indicates a significant reduction from possibly higher R&D investment levels in 2023.
Future trends to watch for:
- Emerging technologies may shift focus, altering R&D needs in the sector.
- Government policy changes impacting innovation funding.
- Competitive pressures influencing R&D investment strategies.
