The number of persons employed in scientific R&D in the United States is forecasted to increase steadily from 882 thousand in 2024 to 923 thousand by 2028. Comparing the estimates for 2024 against 2023 reveals a continuation of growth in the sector, reflecting the industry’s robust expansion. Annually, a consistent outcome is expected, with a year-on-year growth rate of about 1.2% over the forecast period. Calculating the compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual increase of around 1.2%.
Future trends to watch for include:
- Expansion in biotechnology and climate research sectors.
- Increased federal and private funding for R&D initiatives.
- Technological innovations driving job creation in emerging scientific fields.
