The business enterprise R&D expenditure in the US across sectors like fabricated metal products, computers, electronics, optics, electrical equipment, machinery, motor vehicles, and other transport equipment is forecasted to rise modestly from 2024 to 2028, starting at $166.02 billion in 2024 and reaching $171.29 billion by 2028. In 2023, the expenditure was slightly lower, showcasing a steady increase over the years. The year-on-year growth from 2024 to 2028 ranges from 0.8% to 0.9%, indicating a stable investment trend. Over the five-year period, the compound annual growth rate (CAGR) is projected around 0.78%.
Future trends to watch include increased focus on advanced manufacturing technologies and sustainable practices, potentially influencing R&D spending allocations. The integration of AI and IoT within these sectors may drive higher R&D growth rates, thus affecting future forecasts.
