The number of employees in high- and medium-high R&D intensive activities in the US is projected to grow consistently from 9.75 million in 2024 to 10.02 million by 2028. This forecast implies an average annual growth rate (CAGR) of approximately 0.68% over the five-year period. Year-on-year growth rates maintain a steady increase, enhancing the sector's size and economi impact. In 2023, the employee count stood at 9.68 million, indicating a gradual upswing from the previous year.
Future trends to watch for include the potential impact of emerging technologies and government policies aimed at fostering innovation and expansion in R&D sectors. Additionally, workforce dynamics, influenced by education advancements and immigration policies, could further shape this growth trajectory. Monitoring these elements will be critical in understanding potential deviations from current projections.
