In 2023, actual government budget appropriations for R&D in industrial production in the US stood at approximately $136 billion. From 2024 to 2028, forecasted appropriations show a steady annual increase, starting at $141.99 billion in 2024 and reaching $163.83 billion by 2028. Year-on-year growth rates are expected to be around 4%, with a compound annual growth rate (CAGR) over the five-year forecast period of approximately 3.6%.
Future trends to watch for include the impact of policy changes, technological advancements, and shifts in industrial priorities. Special attention should be given to emerging sectors that could drive R&D investment and any geopolitical factors influencing budget allocations.
