The forecasted indirect government support through R&D tax incentives in the US is on a steady upward trajectory. In 2023, the support stood at approximately $30 billion, setting a foundation for the forecasts from 2024 to 2028, starting at $30.94 billion in 2024 and reaching $35.46 billion by 2028. This represents a compound annual growth rate (CAGR) of about 3.4%. The year-on-year growth is relatively consistent, reflecting strong support for innovation and development sectors.
Future trends to watch include potential policy changes that could either enhance or constrain these incentives and shifts in corporate R&D spending that might affect the overall demand for such government support.
