Europe is clearly losing its position in global technology R&D investment. According to the chart based on data...
Executive Briefing
Synthesized and verified with gemini-2.0-flash-thinking-exp
“Europe is clearly losing its position in global technology R&D investment.”
Key Takeaways
- 1.Europe is clearly losing its position in global technology R&D investment.
- 2.According to a chart based on EU Industrial R&D Investment Scoreboard data (analysis by Oliver Coste), Europe's share of R&D tech decreased from 23% in 2005 to only 8% in 2024.
- 3.During the same period, the US increased from about 47% to 62%, China from nearly 0% to 15%.
Europe is clearly losing its position in global technology R&D investment. According to a chart based on EU Industrial R&D Investment Scoreboard data (analysis by Oliver Coste), Europe's share of R&D tech decreased from 23% in 2005 to only 8% in 2024.
During the same period, the US increased from about 47% to 62%, China from nearly 0% to 15%. South Korea currently invests more in tech R&D than Germany, France, UK and Italy combined. “Tech” here focuses on ICT industries (software, hardware/chip, electronics, telecommunications).
Meanwhile, the overall business R&D proportion of EU businesses remains at about 16% among the world's top companies. The sharp decline mainly occurred in the ICT/tech segment, where the US dominated.
