Key Takeaways
- The global research and development (R&D) market size was valued at USD 2,432.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030
- U.S. R&D expenditure totaled $667 billion in 2021, representing 3.46% of GDP, with business sector accounting for 80% of total spending
- China's R&D spending reached 2.64% of GDP in 2022, amounting to approximately RMB 3.08 trillion (USD 443 billion), up 10.4% year-over-year
- The U.S. National Science Foundation (NSF) budget for R&D was $9.5 billion in FY2023
- EU Horizon Europe program allocated €95.5 billion for R&D from 2021-2027
- Venture capital investment in biotech R&D reached $48 billion globally in 2022
- The global research workforce employed 8.8 million full-time equivalent researchers in 2021
- U.S. employed 1.6 million R&D scientists and engineers in 2021, up 2% from 2019
- China had 6.34 million researchers in 2022, representing 43% growth since 2012
- Global scientific publication output reached 3.3 million papers in 2022
- U.S. researchers published 599,000 articles in 2022, 18% of global total
- China overtook U.S. with 922,000 scientific papers published in 2022
- The global R&D market is projected to reach $3.5 trillion by 2030, growing at 5.2% CAGR
- AI integration in R&D expected to boost productivity by 40% by 2035
- Sustainable R&D investments to triple to $150 billion annually by 2030
Global R&D investments are massive and growing rapidly, led by China and the U.S.
Employment and Workforce
Employment and Workforce Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Publications and Patents
Publications and Patents Interpretation
R&D Funding and Investment
R&D Funding and Investment Interpretation
Trends and Projections
Trends and Projections Interpretation
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