The forecast for business enterprise R&D expenditure in US manufacturing from 2024 to 2028 shows a steady increase, reflecting a positive growth trend. The expenditure is expected to rise from 405.81 billion USD PPP in 2024 to 491.37 billion USD PPP in 2028. As of 2023, the actual R&D expenditure stood at an assumed base value, marking the beginning of this upward trend. Year-on-year growth rates are increasing between 5% to 6%, while the compound annual growth rate (CAGR) for this period is approximately 4.02%.
Future trends to watch for in this sector include the impact of technological advancements and digital transformation in manufacturing, shifts in government policy and taxation impacting R&D investment, and potential disruptions in global supply chains that might affect expenditure priorities.
