In 2023, the R&D productivity growth rate in the US stood at a historical rate, setting a foundation for optimistic projections. The forecasted growth for 2024 is 4.6%, with incremental increases each subsequent year, reaching 5.05% by 2028. Annually, growth is expected to rise by an average of 4.83% over this 5-year period, indicating a consistent upward trend in R&D productivity.
Future trends to watch:
- Technological advancements and their impact on accelerating R&D processes.
- Increased investment in AI and automation enhancing productivity growth.
- Macroeconomic factors influencing R&D spending and innovation capacity.
- Policy shifts promoting innovation ecosystems and supporting infrastructure.
