As of 2023, the business enterprise R&D expenditure in the specified Canadian manufacturing sectors stood at 3.75 billion Canadian dollars. Forecasts indicate a declining trend, with a 2.78% decrease annually, dropping to 3.21 billion by 2028. The year-on-year percentage change from 2024 to 2028 averages about -2.67% indicating a consistent reduction in R&D investment in these sectors. The compounded annual growth rate (CAGR) over the five-year period suggests a downturn of approximately 3.02% annually.

Future trends to watch include:

Technological advancements and digitization impacting R&D intensity.
Potential impact of global economic conditions and trade dynamics on R&D budget allocations.
Policy changes concerning R&D tax incentives and government support could alter investment trends.