According to the 2023 edition of the EU Industrial Research & Development (R&D) Investment Scoreboard, Europe significantly increased its R&D investment last year, reaching €1250 billion. EU private R&D investment was at its highest rate since 2015 which was also more than double the rate reported in 2021, with a 13.6% increase. 

The automotive sector accounts for 32% of R&D investments, followed by health (19.7%), ICT producers (14.4%) and ICT services (8%). 

The Scoreboard highlights that companies have continued to invest, despite times of crises, demonstrating its importance in terms of sustainability, competitiveness and strategy. 

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