The forecast for US manufacturing business enterprise R&D expenditure from 2024 to 2028 shows a steady growth, starting at $331.63 billion in 2024 and reaching $372.9 billion by 2028. These figures indicate a compound annual growth rate (CAGR) of approximately 2.95%. Relative to the known 2023 R&D expenditure, 2024 marks the beginning of a sustained increase. The annual growth rates suggest a modest, but stable investment in R&D activities across the manufacturing sector.
Future trends to watch for include:
- Increased focus on renewable energy technologies and sustainability-driven R&D.
- Expansion of tech-driven manufacturing processes, like AI and IoT integration.
- Impact of economic policies on R&D funding and technological partnerships.
