In 2023, the business enterprise expenditure on R&D performed in aerospace in the US was $22.10 billion USD PPP. The forecast indicates a downward trend, with expenditures decreasing steadily from $21.77 billion in 2024 to $20.53 billion by 2028. This represents a year-on-year reduction chain of approximately 1.42% to 1.46% and signals a continuous decline over this period. The compound annual growth rate (CAGR) over the five-year forecast is expected to be negative, indicating an average yearly decrease in expenditure.
Future trends to watch for include technological advancements that might impact R&D efforts and expenditures, governmental policy changes regarding defense and aerospace funding, and global market dynamics impacting the aerospace sector's innovation capabilities and priorities.
