The production volumes of high- and medium-high R&D intensive activities in the US are forecasted to grow steadily from 2024 to 2028. In 2023, the value stood at 4.483 trillion USD. The forecasted growth indicates a year-on-year increase of approximately 1.66% between 2024 and 2025, continuing at a similar pace each consecutive year up to 2028. The compound annual growth rate (CAGR) over the five-year period is projected to be around 1.57%.
Future trends to watch for include:
- Technological advancements driving further R&D investment.
- Policy changes affecting funding and incentives for R&D activities.
- Economic factors that could impact overall spending and production capabilities.
