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The scientific research and development industry, particularly in fundamental physics, is experiencing sustained growth driven by global collaboration and technological advancements. Underground laboratories are critical for sensitive experiments requiring cosmic ray shielding, leading to continued investment in facilities like SURF. There's also a growing emphasis on STEM education and public engagement to foster future generations of scientists and maintain public support.
Total Assets Under Management (AUM)
Federal R&D Funding in United States
~Approximately $198.6 billion (FY2023 estimated for non-defense R&D, relevant for fundamental science)
(2.1% CAGR)
- Federal R&D funding growth has been moderate.
- Focus on basic research and critical technologies.
- Supports various scientific fields including physics.
Approximately $600 billion