In 2023, the employed personnel in medium-high R&D intensive activities in the US stood at 6.60 million. The forecast from 2024 to 2028 shows a modest but steady increase in employment, from 6.66 million in 2024 to 6.92 million by 2028. This entails an average annual growth rate (CAGR) of approximately 0.96% over the five-year period. Year-on-year growth rates are incremental, suggesting continued moderate expansion in the sector.
Future trends to watch for:
- Technological advancements driving demand for skilled labor in R&D.
- Shifts in funding or policy affecting R&D incentives.
- Global competitive pressures influencing employment growth rates locally.
