Between 2013 and 2023, production in Italy's Scientific Research and Development sector has exhibited a varied growth pattern. In 2023, the sector stood at 5.44 billion Euros. There were significant jumps in 2014 and 2018 with year-on-year increases of 13.81% and 14.88%, respectively. Other notable growths occurred in 2016 (11.9%) and 2020 (9.96%). The five-year CAGR leading up to 2023 was 4.81%, indicating healthy year-on-year improvements.
The outlook from 2024 to 2028 shows a steady increase, with the forecast five-year CAGR at 3.37% and an overall expected growth rate of 18.02% by 2028. Upcoming trends to monitor include advancements in biotechnology, increased innovation in green technologies, and policy changes influencing research funding and international collaborations.
