Based on the forecasted data, business enterprise R&D expenditure in transportation and storage in the US will increase consistently from 2024 to 2028. In 2023, this expenditure stood at 15.6 billion USD. The forecasted year-on-year growth rates are approximately 20.4% for 2024, 20.3% for 2025, 16.8% for 2026, 14.3% for 2027, and 12.4% for 2028, indicating a deceleration in growth rate over the five years. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 15.6%.
Looking into the future, key trends to watch include the impact of technological advancements in autonomous vehicles and sustainable transport solutions, possible changes in regulatory environments, and shifts in consumer behavior towards more environmentally friendly transportation options. Additionally, competitive dynamics in logistics and supply chain innovations could significantly influence R&D priorities in this sector.
