Research & Development in the Physical, Engineering & Life Sciences Industry: Statistics, Forecasts, and Company Data
Research & Development in the Physical, Engineering & Life Sciences - Market Size and Industry Forecast
The 2023 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 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the research & development in the physical, engineering & life sciences industry.
| Historical | Forecasted |
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
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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)

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

Distribution by Company Size
Company Size | All Industries | Research & Development in the Physical, Engineering & Life Sciences |
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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:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
| Industry Average | Percent 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

Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
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 Ratio | Industry Average |
---|
Profitability Ratios | 
|
Profit Margin |
ROE |
ROA |
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 Description | Description | Revenue ($ 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
Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 14% | 
|
Chief Executives | 0% |
General and Operations Managers | 2% |
Other Management Occupations | 6% |
Business and Financial Operations Occupations | 10% |
Business Operations Specialists | 8% |
Computer and Mathematical Occupations | 12% |
Computer Occupations | 11% |
Software Developers and Programmers | 5% |
Architecture and Engineering Occupations | 17% |
Engineers | 14% |
Life, Physical, and Social Science Occupations | 25% |
Life Scientists | 12% |
Medical Scientists | 7% |
Medical Scientists, Except Epidemiologists | 7% |
Life, Physical, and Social Science Technicians | 7% |
Office and Administrative Support Occupations | 9% |
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 $7,369,054 per company.
Research & Development in the Physical, Engineering & Life Sciences and Adjacent Industries - Top Companies
Company | Address | Revenue ($ Millions) |
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