In 2023, business enterprise R&D expenditure in the US in the manufacture of computer, electronic, and optical products was recorded at 120 billion USD. The forecast indicates a progressive increase, with projections reaching 154.74 billion USD by 2028. This represents a compound annual growth rate (CAGR) of 5.2% over the five-year period. The year-on-year growth suggests a steady climb, with annual increases ranging between 5.7% and 5.0% from 2024 through 2028.

Future trends to watch for include:

Increased investment in emerging technologies like AI and IoT, driving R&D spend.
A shift towards sustainable and environmentally friendly R&D practices.
Potential fluctuations due to economic and geopolitical factors impacting global supply chains.