The forecast for business enterprise R&D expenditure in the US manufacturing sector for air and spacecraft shows a consistent decline from $18.86 billion in 2024 to $15.67 billion by 2028. Compared to 2023, where R&D spending stood at approximately $19.67 billion, this indicates a steady downward trend. Year-on-year variations reveal a decrease: -4.3% from 2024 to 2025, -4.4% from 2025 to 2026, -4.6% from 2026 to 2027, and -4.8% from 2027 to 2028. The compound annual growth rate (CAGR) over these forecasted years is -4.55%.
Future trends to watch for:
- Impact of emerging technologies like AI and electrification on R&D allocation.
- Shifts in government policies and funding affecting industry R&D.
- Global competition driving changes in R&D strategic priorities.
