Based on the forecasted data, the number of employees in Scientific R&D in the US is expected to increase steadily from 2024 to 2028. The actual number stood at 770.0 thousand units in 2023. Year-on-year growth shows a consistent upward trend: 1.28% in 2024, 1.28% in 2025, 1.27% in 2026, 1.13% in 2027, and 1.23% in 2028. Analyzing the Compound Annual Growth Rate (CAGR) over this five-year period illustrates an average annual increase of approximately 1.23%.
Future trends to watch for:
• Advancements in technology driving demand for skilled R&D professionals.
• Increased government and private sector funding in scientific research and development.
• Shifts in global economic conditions potentially impacting employment levels.
• Emerging fields such as biotechnology and AI creating new R&D opportunities.