The forecast for private non-profit expenditure on R&D in Japan shows a steady decline from 2024 to 2028. In 2023, the expenditure stood at 1.95 billion US dollars PPP. The values for subsequent years from 2024 to 2028 are expected to decrease gradually: 1.91, 1.86, 1.81, 1.76, and 1.71 billion US dollars PPP respectively. The year-on-year variations show a consistent decline of approximately 2.6% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around -2.6%, indicating a downward trend.
Future trends to watch for include:
- The impact of government policies and funding initiatives on private non-profit R&D expenditure.
- Global economic conditions and their influence on R&D investment.
- Technological advancements and innovation which may alter investment trends in the long term.
