The United States leads in R&D expenditure in the manufacture of electronic components and boards, reflecting substantial investments driven by innovation and technology development. Taiwan and South Korea show impressive growth, with Taiwan experiencing an 18.36% increase in 2023, partly fueled by its strong position in semiconductor manufacturing. Japan and Germany also contribute significantly but at a slower pace compared to the leading countries. Smaller nations like Canada and European countries, while making minimal contributions overall, present mixed growth trends, with Spain and Portugal showing positive changes.
Future trends to watch include continued dominance by Asian economies, especially Taiwan and South Korea, driven by expanding semiconductor demands. Additionally, shifts in global technology supply chains and geopolitical factors may influence investment patterns, affecting R&D focus across these nations. Monitoring technological breakthroughs and policy changes will be crucial for anticipating shifts in global R&D expenditure strategies.
Top countries in Business Enterprise R&D Expenditure in Manufacture of Electronic Components and Boards by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 62,710 | 2023 | +11.25% | +15.09% | View data |
| 2 | 2 Taiwan | 38,380 | 2023 | +16.97% | +18.36% | View data |
| 3 | 3 South Korea | 16,160 | 2023 | +7.31% | +8.92% | View data |
| 4 | 4 Japan | 13,320 | 2023 | +9.87% | +10.22% | View data |
| 5 | 5 Germany | 2,670 | 2023 | +2.18% | +2.9% | View data |
| 6 | 6 Italy | 1,030 | 2023 | +2.94% | +4.09% | View data |
| 7 | 7 Israel | 293.42 | 2023 | +5.24% | +3.48% | View data |
| 8 | 8 Canada | 177.55 | 2023 | -1.86% | -3.27% | View data |
| 9 | 9 Spain | 93.32 | 2023 | +4.82% | +7.54% | View data |
| 10 | 10 Norway | 67.99 | 2023 | +5.95% | +8.25% | View data |
