Communications of the ACM
The Big Spenders in Research and Development
Funding for research and development is increasing around the world.
Credit: Toru Yamanaka/AFP/Getty Images
Global technological research and development (R&D) spending will top $2 trillion this year as governments, companies, and academia push to maintain their competitiveness, according to R&D Magazine's 2018 Global R&D Funding Forecast.
Asia is forecast to originate 43.6% of that investment, with spending in artificial intelligence, automation, robotics, and adjacent software predicted to constitute the largest investment sectors by the mid-2020s.
The U.S. currently leads the world in R&D investment, and this year American spending should climb to $553 billion, from $538 billion in 2017.
China's R&D investment should rise from $445 billion in 2017 to $475 billion this year, while Germany is expected to up its R&D funding and surpass $116 billion in 2018.
From U.S. News & World Report
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