In 2023, the United States leads in aerospace R&D expenditure, holding a share substantially higher than any other country, despite a slight decline of 3.32%. The United Kingdom and Germany follow, with minimal changes in their expenditure. Countries like South Korea and Poland show significant upward trends, reflecting a growing interest and investment from these emerging markets. Canada, however, has seen a notable decrease of 23.32%, indicating potential shifts in its investment strategy. Romania stands out with the highest growth of 23.13%, albeit from a smaller base.
Future trends to watch include:
- Continued growth in South Korea and Poland, potentially challenging traditional leaders.
- Potential strategic adjustments from Canada to regain its market position.
- Increased aerospace activities and investments in emerging markets could diversify the dominant landscape.
Top countries in Business Enterprise Expenditure on R&D Performed in the Aerospace Industry Share by Country (Million US Dollars PPP, Constant)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 74.07 | 2023 | -2.42% | -3.32% | View data |
| 2 | 2 United Kingdom | 8.13 | 2023 | +0.64% | +0.31% | View data |
| 3 | 3 Germany | 6.83 | 2023 | +2.1% | -2.75% | View data |
| 4 | 4 Italy | 5.72 | 2023 | -0.89% | -0.49% | View data |
| 5 | 5 Spain | 2.91 | 2023 | +2.32% | +3% | View data |
| 6 | 6 South Korea | 1.99 | 2023 | +5.91% | +5.87% | View data |
| 7 | 7 Canada | 0.8 | 2023 | -35.87% | -23.32% | View data |
| 8 | 8 Poland | 0.62 | 2023 | +9.17% | +5.91% | View data |
| 9 | 9 Czech Republic | 0.5 | 2023 | +12.85% | +11.53% | View data |
| 10 | 10 Austria | 0.26 | 2023 | +1.9% | +0.95% | View data |
