In 2023, government budget appropriations or outlays for R&D in the exploration and exploitation of the Earth in the US stood at approximately $163.22 billion. From 2024 to 2028, a steady increase is observed, starting at $167.68 billion in 2024 and projected to reach $188.88 billion by 2028. The year-on-year percentage increase reflects an average growth, estimated at around 3-4% per year. The compound annual growth rate (CAGR) over this five-year period is expected to be approximately 3.0%.
Future trends to watch for include the influence of technological innovations such as AI and machine learning on R&D efficiency, changes in policy priorities towards sustainability and renewable energy, and the potential impacts of international collaboration or competition in earth sciences.
