In 2023, the total R&D personnel in the US business enterprise sector was approximately 1.920 million FTEs. From 2024 to 2028, the forecasted growth sees a steady year-on-year percentage increase, starting at 1.970 million in 2024 and reaching 2.168 million by 2028. The year-on-year variations are roughly consistent, indicating a gradual upward trend in R&D investment by businesses. The compound annual growth rate over the five years is moderate, highlighting sustained commitment to research and development efforts.
Future trends to watch for include:
- Increased digital transformation initiatives may spur further growth in R&D personnel.
- Regulatory changes and technological advancements could impact the sector's ability to attract and retain talent.
- Global economic conditions and trade policies might influence future R&D funding and activities.
