In 2023, South Korea led global R&D expenditure in the manufacture of communication equipment with a significant share and a 6.59% year-on-year increase. The United States followed, showing slight growth of 0.21%. Japan experienced a decline of 8.88%, contrasting with Taiwan's growth of 5.32%. Notable growth was also seen in Israel at 4.33% and Poland at 6.35%. Conversely, Germany and Italy saw declines of 5.0% and 7.37%, respectively. Despite smaller investment, Portugal showed the most significant growth rate at 18.99%, while Hungary experienced a substantial decline of 12.61%.
Future trends to watch include:
- South Korea's continuous dominance and potential to set benchmark standards due to its significant R&D investments.
- Increasing contributions from emerging markets like Poland and Portugal, suggesting a shift towards diversified geographical investments.
- Potential recovery strategies from countries with current negative growth trajectories such as Japan and Germany, focusing on innovation and strategic partnerships.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Communication Equipment Share by Country (Million US Dollars PPP)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 60.24 | 2023 | +5.93% | +6.59% | View data |
| 2 | 2 United States | 25.64 | 2023 | +1.76% | +0.21% | View data |
| 3 | 3 Japan | 4.25 | 2023 | -19.02% | -8.88% | View data |
| 4 | 4 Taiwan | 3.65 | 2023 | +3.05% | +5.32% | View data |
| 5 | 5 Israel | 1.75 | 2023 | +3.23% | +4.33% | View data |
| 6 | 6 Germany | 1.46 | 2023 | -5.83% | -5% | View data |
| 7 | 7 Poland | 0.59 | 2023 | +6.23% | +6.35% | View data |
| 8 | 8 United Kingdom | 0.38 | 2023 | +0.28% | +0.33% | View data |
| 9 | 9 Italy | 0.24 | 2023 | -10.28% | -7.37% | View data |
| 10 | 10 Spain | 0.22 | 2023 | +7.92% | +3.57% | View data |
