The forecast for higher education R&D expenditure in the US from 2024 to 2028 shows a consistent year-on-year decrease. Starting at a 2.03% change in 2024, it declines annually to 1.73% by 2028. This downward trend indicates a gradual reduction in the growth rate, possibly reflecting constrained budgets or shifts in funding priorities. In 2023, actual expenditure change was not specified, but 2024 begins the forecasted period with a lower growth rate than previous trends might suggest.
Future trends to watch for include:
- The impact of policy changes on R&D funding at higher education institutions.
- Shifts in research priorities amidst evolving technological and societal needs.
- Potential collaborations with the private sector to supplement funding streams.
