As of 2023, Business Enterprise R&D Expenditure in the US for Professional, Scientific, Technical, Administrative, and Support Service Activities stood at approximately 42.93 billion USD (PPP). In the forecasted period from 2024 to 2028, expenditure is expected to consistently increase. Year-on-year growth rates are approximately as follows: 1.67% in 2025, 1.64% in 2026, 1.60% in 2027, and 1.55% in 2028. The compound annual growth rate (CAGR) over this period is approximately 1.61%.
Future trends to watch for include:
- Advancements in AI and automation potentially leading to increased R&D spending in these sectors.
- Shift towards more sustainable and green technologies driving new R&D investments.
- Potential impacts of economic conditions and regulatory changes on R&D budgets.
