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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Scientific Research and Development industry exhibits a low level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every dollar spent on labor in the industry, $0.05 is spent on capital. The industry is highly labor intensive with wages accounting for 51.3% of revenue. Industry employees perform a range of activities, from simple manual tasks to high-tech experimental procedures. The industry's high average wage reflects the skilled labor used in the industry and the value of certain key employees whose reputation alone can generate business. The industry must maintain competitive wages to prevent talent from leaving for corporate in-house research and development departments and jobs overseas... 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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