The forecasted Total Intramural Expenditure on R&D in all sectors in the US shows a steady upward trend from $937.5 billion in 2024 to $1136.5 billion in 2028. This growth is highlighted by a year-on-year increase, with a 5.4% rise in 2025, 5.0% in 2026, 4.8% in 2027, and 4.5% in 2028. Over the five-year period, we anticipate a compound annual growth rate (CAGR) indicative of consistent commitment towards R&D investment. In 2023, the value was slightly lower, emphasizing the persistent growth trajectory commencing in 2024.

Future trends to watch for:

Increased government support and subsidies for technology innovation and sustainability projects.
Private sector investment spikes in high-tech industries like AI and biotech.
Shifts in global economic conditions potentially impacting R&D prioritization and budget allocations.