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Scientific Research & Development in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Scientific Research & Development Market Research Report | NAICS 54171 | Sep 2014

Useful properties: Government spending recedes, but reinvigorated corporate profit will bolster industry services

IBISWorld’s Scientific Research & Development market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$131bn
Annual Growth 09-14
2.4%
Annual Growth 14-19
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Profit
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Employment
692,437
Businesses
47,513
Industry Analysis & Industry Trends

Increased funding from the government, corporations and academia have benefited the industry over the past five years. While still overwhelmingly funded by public sources, a shift toward private funding is slowly changing the focus of industry research. Over the next five years, the industry will continue to benefit from growing environmental concerns throughout the public and private sector. Nonetheless, a new bipartisan budget agreement that puts an emphasis on new R&D spending is essential to the industry's future growth prospects... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Scientific Research and Development industry is in the mature stage of its economic life cycle. The industry is characterized by growth in line with the overall economy, consolidation from the industry's largest players and wholehearted market acceptance. Over the five years to 2014, the industry has weathered the effects of the recession well; the industry receives a large portion of funding from the federal government, which increased spending dramatically to stimulate the economy during the downturn. Declining private investment in2009 hurt industry performance somewhat, but rising corporate profit assisted industry growth following 2010... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Scientific Research & Development Industry?

This industry includes companies and organizations that are involved in physical, engineering or life sciences research and development (R&D). The industry only includes firms whose primary purpose is R&D and excludes players such as pharmaceutical or manufacturing companies that may undertake R&D to support their primary operations. Government entities are also excluded from this industry, although these entities may contract and fund the research this industry undertakes.

Industry Products
Physical and engineering sciences R&DBiotechnology R&DPharmaceutical R&DOther R&DLicensing of intellectual property rightsDevelopment services
 
Industry Activities
Agriculture research and development laboratories or services Biotechnology research and development laboratories or services Cancer research laboratories or services Computer and related hardware research and development laboratories or services Environmental research and development laboratories or services Genetics research and development laboratories or services Health research and development laboratories or services Mathematics research and development laboratories or services Medical research and development laboratories or services Physics research and development laboratories or services


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