The value added of high R&D intensive activities in Canada is projected to grow from 20.66 billion CAD in 2024 to 21.54 billion CAD by 2028. This marks a steady increase over the five-year period, with year-on-year variations showing a consistent incremental growth. Compared to the previous years, these figures suggest a promising future. The compound annual growth rate (CAGR) from 2024 to 2028 is indicative of sustained development within the sector.
Future trends to watch for include:
- Technological advancements and their impact on R&D processes.
- Government policies and funding focused on innovation.
- Global economic shifts that could affect investment in R&D.
- Industry-specific developments within high R&D sectors.
