In 2023, Business Enterprise R&D Expenditure in the Transportation and Storage sector in the US stood at an estimated value of 15 billion US Dollars PPP. From 2024 onward, the expenditure is forecasted to grow consistently, reaching 34.89 billion by 2028. This represents notable year-on-year increases: approximately 20.52% from 2024 to 2025, 16.86% from 2025 to 2026, 14.31% from 2026 to 2027, and 12.35% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is about 15.84%.
Future trends to watch for in this sector include technological advancements in automation and sustainable transport, which may further drive innovation and investment in R&D. Additionally, the impact of regulatory policies aimed at reducing environmental impact could shape R&D focus areas and spending priorities.
