In 2023, the R&D budget for Planet and Infrastructure in the US stood at an estimated baseline, transitioning into forecasted amounts for 2024 to 2028. From 2024 to 2028, the budget is projected to see a marginal annual increase, reflecting consistent year-on-year growth between 0.47% to 0.52%. The compound annual growth rate (CAGR) from 2024 to 2028 indicates a steady, modest rise averaging approximately 0.5% annually.

Future trends to watch for include:

Technological advancements necessitating increased R&D investment in renewable energy and sustainable infrastructure.
Potential policy changes impacting funding allocations towards green infrastructure projects.
Emerging market needs and environmental challenges driving research funding priorities.