2024 Research & Development in the Physical, Engineering & Life Sciences Industry Statistics Report

Research & Development in the Physical, Engineering & Life Sciences - Market Size and Industry Forecast

The 2024 Research and Development in the Physical, Engineering and Life Sciences Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Research & Development in the Physical, Engineering & Life Sciences industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Research & Development in the Physical, Engineering & Life Sciences - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Research & Development in the Physical, Engineering & Life Sciences companies in the United States.

Research & Development in the Physical, Engineering & Life Sciences Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesResearch & Development in the Physical, Engineering & Life Sciences
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Research & Development in the Physical, Engineering & Life Sciences - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Research & Development in the Physical, Engineering & Life Sciences - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Research & Development in the Physical, Engineering & Life Sciences - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Basic & applied research in the physical & engineering sciences
Basic & applied research in the life sciences, excluding biotechnology
Basic/applied research - other phy sciences, including physics & astro
Basic/applied research life sciences, excluding biotec - pharm science
Basic & applied research - computer, electrical, & electronic eng
Licensing of rights to use intellectual property
Basic/applied research in the life sciences - med/health sciences
Licensing of rights use intellectual prop - protected industrial
Basic & applied research in biotechnology

Research & Development in the Physical, Engineering & Life Sciences - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations14%


Chief Executives0%
General and Operations Managers2%
Other Management Occupations6%
Business and Financial Operations Occupations10%
Business Operations Specialists8%
Computer and Mathematical Occupations12%
Computer Occupations11%
Software Developers and Programmers5%
Architecture and Engineering Occupations17%
Life, Physical, and Social Science Occupations25%
Life Scientists12%
Medical Scientists7%
Medical Scientists, Except Epidemiologists7%
Life, Physical, and Social Science Technicians7%
Office and Administrative Support Occupations9%

Government Contracts

In the past, the federal government spent an annual total of $34,140,828,652 on the research & development in the physical, engineering & life sciences industry. It has awarded 50,664 contracts to 4,633 companies, with an average value of $7,369,054 per company.

Research & Development in the Physical, Engineering & Life Sciences and Adjacent Industries - Top Companies

($ Millions)


Research & Development in the Physical, Engineering & Life Sciences Industry Research
GeographyUnited States  
Publication DateJune 2024
Report FormatPDF Download  PDF

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