The vast majority of advancements come directly from materials science. New materials are so strongly correlated to advancements, that I think there should be national labs that run government scale experiments to search for new substances.
The largest contingent of physicists do work on Condensed Matter Physics, which is essentially materials science https://arxiv.org/pdf/1901.02789.pdf For exactly, the reason you suggest: they get the largest amount of funding because it is the most economically useful subfield.
I don't think these are the "best" examples as they are probably not completely accurate, but there is probably a reason why the Stone Age, Bronze Age, Iron Age, and Steel Ages exist as a concept.
Also I think it makes sense since materials science is more applied chemistry/physics/engineering, so naturally materials science is huge because it represents 3 fields of knowledge interacting.
One of the early limitations of aircraft was their wooden construction and the lack of water resistant glues.
Of course, aluminium was the perfect material and one of the most abundant elements in the earth's crust. However it was so rare and difficult to extract that that the Washington monument is capped by a small piece.
The Bayes process and subsequent improvements have since made it common and relatively cheap.