Nanotechnology R&D intensity in the business sector in Canada experienced fluctuations between 2016 and 2023. The intensity fell in 2017 by 17.75% but recovered by 17.49% in 2018. It dipped again by 11.14% in 2019 but witnessed a sharp rise of 21.82% in 2020, followed by 18.5% in 2021. In 2022, the intensity declined slightly by 0.47% but rebounded to a 5.71% increase in 2023. The Compound Annual Growth Rate (CAGR) for 2017 was 6.07%, peaking at 8.45% in 2022 and settling at 6.18% in 2023.
Looking forward, projected data indicates continued growth, with the R&D intensity expected to rise, reaching a value of 0.093 by 2028. The forecasted five-year CAGR from 2028 stands at 1.88%, reflecting a more moderate pace of growth compared to past years.
Future trends to watch for include advancements in nanotechnology applications in various industries, government funding initiatives, and private sector investments. Additionally, monitoring shifts in global nanotechnology R&D trends will provide insights into competitive positioning and potential growth areas for Canada.
