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2023 U.S. Industry Statistics & Market Forecast - Research & Development in the Physical, Engineering & Life Sciences


Market Size & Industry Statistics

The total U.S. industry market size for Research & Development in the Physical, Engineering & Life Sciences: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Research & Development in the Physical, Engineering & Life Sciences market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Research & Development (R&D) in the Physical, Engineering & Life Sciences industry is currently witness several trends that are expected to shape the industry's future in years to come.

One major trend is the increasing focus on artificial intelligence (AI) and machine learning (ML) for the development of new products and processes. The use of AI and ML enables researchers to process large volumes of complex data more efficiently, leading to faster and more accurate results. This trend is particularly important in the life sciences where AI and ML can aid in drug discovery and the development of new therapies.

Another trend affecting the industry is the increasing importance of sustainability, which is driving R&D efforts towards developing eco-friendly products and reducing waste. This trend is evident in industries such as materials science, where researchers are developing new materials that can be recycled and reused.

The digitization of R&D processes is also a trend that is gaining momentum. This involves the use of digital tools such as virtual reality, simulation, and robotics to enhance the efficiency and accuracy of R&D processes. This trend is particularly important in engineering and physical sciences where new products can be tested and refined in a virtual environment before being manufactured.

Lastly, R&D in the physical, engineering, and life sciences industry is also influenced by the increasing demand for personalized medicine, driven by advances in genomics and personalized diagnostics. This trend is leading to the development of new technologies that allow for more precise and effective diagnosis and treatment of illness.

In conclusion, these trends are shaping the future of R&D in the Physical, Engineering & Life Sciences industry, and businesses will need to adapt their strategies to stay ahead of the curve.



Product & Services Breakdown

Research products and services in the Research & Development in the Physical, Engineering & Life Sciences industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Basic And Applied Research In The Physical And Engineering Sciences

Basic And Applied Research In - Chemistry And Chemical Engineering

Basic And Applied Research In - Computer, Electrical, And Electronic Engineering

Basic And Applied Research In - Earth And Environmental Sciences

Basic And Applied Research In - Material, Mechanical, And Industrial Engineering

Basic And Applied Research In - Physics

Basic And Applied Research In - Astronomy

Basic And Applied Research In - Other Physical Sciences, Including Math, And Other Natural And Exact Sciences (Exclude Biologica

Basic And Applied Research In - Other Engineering Sciences, Including Civil, Construction, And Other Engineering

Computer Systems Design, Development, And Integration Services

Testing Services (Physical Or Product), Excluding Medical And Veterinary Services

Basic And Applied Research In Biotechnology

Basic And Applied Research In The Life Sciences (Exclude Biotechnology.)

Basic And Applied Research In - Pharmacology And Pharmaceutical Sciences

Basic And Applied Research In - Medical And Health Sciences

Basic And Applied Research In - Biological Science

Basic And Applied Research In - Agriculture, Forestry, And Allied Sciences

Basic And Applied Research In - Animal Production, Fisheries, And Veterinary Sciences

Basic And Applied Research In - Other Life Sciences, Excluding Biotechnology

Basic And Applied Research In The Social Sciences And Humanities

Basic And Applied Research In - Education

Development Services For Goods

Development Services For Service Products Processes, Systems, Or Methods

Outright Sale Of Original Works Of Intellectual Property

Advisory And Consulting Services For Research And Development Activities

Engineering Services

Licensing Of Rights To Use Intellectual Property

Licensing Of Rights To Use Intellectual Property Protected By Copyright

Licensing Of Rights To Use Intellectual Property Protected As Industrial Property

Resale Of Merchandise

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Investment Income, Including Interest And Dividends

All Other Revenue



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Research & Development in the Physical, Engineering & Life Sciences company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Research & Development in the Physical, Engineering & Life Sciences industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Research & Development in the Physical, Engineering & Life Sciences measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 19%

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Chief Executives1%
General and Operations Managers4%
Operations Specialties Managers 5%
Other Management Occupations 8%
Business and Financial Operations Occupations 11%
Business Operations Specialists 9%
Computer and Mathematical Occupations 15%
Computer Occupations 12%
Software and Web Developers, Programmers, and Testers 7%
Software Developers 5%
Architecture and Engineering Occupations 15%
Engineers 12%
Life, Physical, and Social Science Occupations 22%
Life Scientists 11%
Biological Scientists 5%
Medical Scientists 5%
Medical Scientists, Except Epidemiologists 5%
Life, Physical, and Social Science Technicians 6%
Office and Administrative Support Occupations 6%
Source: Bureau of Labor Statistics


Research & Development in the Physical, Engineering & Life Sciences Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Research & Development in the Physical, Engineering & Life Sciences industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Research & Development in the Physical, Engineering & Life Sciences industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Research & Development in the Physical, Engineering & Life Sciences industry.
Source:
IncFact


Government Contracts

In 2022, the federal government spent a total of $516,571,279,465 on Research & Development in the Physical, Engineering & Life Sciences. It has awarded 25943 contracts to 5731 companies, with an average value of $90,136,325 per company.   

Most Recent Contracts Date Total Award Amount
JOHNS HOPKINS UNIVERSITY (5111)
Johns Hopkins Rd 11100
Laurel, MD
Jun 30, 2023$4,983,427




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