Scientific Research and Development Services - Market Size, Financial Statistics, Industry Trends

Industry Overview

This industry group comprises establishments engaged in conducting original investigation undertaken on a systematic basis to gain new knowledge (research) and/or the application of research findings or other scientific knowledge for the creation of new or significantly improved products or processes (experimental development). Techniques may include modeling and simulation. The industries within this industry group are defined on the basis of the domain of research; that is, on the scientific expertise of the establishment.
Source: U.S. Census Bureau

Scientific Research and Development Services Market Size

This report includes historical and forecasted market sizes and industry trends for Scientific Research and Development Services. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Scientific Research and Development Services industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Scientific Research and Development Services industry.

Geographic Breakdown by U.S. State

Scientific Research and Development Services market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Scientific Research and Development Services companies in the United States.

Distribution by Company Size

Company Size	All Industries	Scientific Research and Development Services
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry 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" Scientific Research and Development Services company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
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

Financial Ratio Analysis

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

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Scientific Research and Development Services industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Industry total	Included
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

Compensation and Salary Surveys

Salary information for employees working in the Scientific Research and Development Services industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	14%	Included
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	10%
Software Developers and Programmers	5%
Architecture and Engineering Occupations	16%
Engineers	13%
Life, Physical, and Social Science Occupations	26%
Life Scientists	11%
Medical Scientists	6%
Medical Scientists, Except Epidemiologists	6%
Social Scientists and Related Workers	20%
Miscellaneous Social Scientists and Related Workers	10%
Social Scientists and Related Workers, All Other	5%
Life, Physical, and Social Science Technicians	8%
Social Science Research Assistants	13%
Social Science Research Assistants	13%
Office and Administrative Support Occupations	9%

Government Contracts

The federal government spent an annual total of $35,154,070,133 on the Scientific Research and Development Services industry. It has awarded 53,028 contracts to 5,165 companies, with an average value of $6,806,209 per company.

Top Companies in Scientific Research and Development Services and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included