From 2013 to 2023, Denmark’s consumer electronics manufacturing sector’s R&D expenditure showed significant variation. It started at a unit value of 0.71 in 2013, fluctuating over the years with a notable dip to 0.24 in 2016, and recovered to reach 0.42 in 2023. The year-on-year variations showed a drastic decrease, peaking in 2016 at -64.71% and significant gains, such as 112.5% in 2017. The last two years (2021 to 2023) showed a positive upward trend with values increasing 88.24% in 2021 and 10.53% in 2023. The average annual growth rate (CAGR) over the past 5 years indicates a slight decline at -1.15%.
Looking ahead, the R&D expenditure forecast from 2024 to 2028 shows a gradual decline, reaching a unit value of 0.35 by 2028. The forecasted 5-year CAGR is expected to be -2.64%, indicating a slowly decreasing trend.
Future trends to watch for include:
- Economic factors influencing R&D budgets, potentially causing further reductions.
- Technological innovations that may demand increased R&D spending despite the overall declining trend.
- Government policies and incentives that could either counteract or exacerbate the current forecasted trend.
