In 2024, business enterprise expenditure on R&D in the US as a percentage of the value added in the industry is forecasted at 3.39%, indicating a steady rise. Between 2024 and 2028, the percentage is projected to rise incrementally to 3.47%. The year-on-year increase remains stable at approximately 0.59% per annum from 2025 to 2028. As a conservative growth trend is evident, companies might maintain or slightly increase their investment in R&D relative to industry value-added during these years.
Future trends to watch for include:
- Technological advancements will likely drive R&D investments across sectors.
- Economic fluctuations could impact R&D budgets.
- Regulatory changes influencing innovation and R&D tax incentives.
- The shift towards digital transformation may increase software and technology-focused R&D.
