The number of persons employed in high R&D intensive activities in Canada is forecasted to increase from 265,500 jobs in 2024 to 272,100 jobs in 2028. This reflects a steady upward trend with an average yearly growth rate, or CAGR, of approximately 0.62% from 2024 to 2028. Comparing year-on-year, there is a consistent growth trajectory, with an annual increase hovering around 0.64% between the years 2024 and 2028, suggesting a stable but modest expansion within this sector.

Future trends to watch for:

Increased automation and AI integration in R&D processes potentially altering job roles or maintaining employment levels.
Government policy changes impacting R&D funding and employment incentives.
Global economic conditions influencing Canada's R&D sector growth and competitive positioning.
Emerging technology sectors that may drive additional R&D employment opportunities.