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Scientific Research Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Scientific Research Services Market Research Report | ANZSIC M6910 | Jun 2012

Seeing green: Renewable energy offers the industry a way forward

IBISWorld’s Scientific Research Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 07-12
2.5%
Annual Growth 12-17
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Profit
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Employment
30,000
Businesses
3,400
Industry Analysis & Industry Trends

The Scientific Research industry encompasses a broad range of government and private sector companies spanning many fields of study

The nation's scientific research firms have a heavy reliance on public funding and are increasingly required to generate own-source revenue by raising funds through co-investment with other corporations and governments, by royalty and licence revenues on intellectual property, and from donations.

Industry revenue will total $5.03 billion in 2011-12, up 3.4% on the previous year and representing cyclical growth by an annualised 2.5% over the past five years. Industry value added currently totals $2.14 billion or 0.1% of Australia's GDP, almost all this represents wage payments to the highly qualified workforce... purchase to read more

Industry Report - Industry Analysis Chapter

Australia's Scientific Research industry has performed well over the past decade. There has been a flow of research funding into areas of emerging importance to the local and global community (e.g. green energy alternatives), along with traditional fields of study such as agriculture and medicine. The onset of weaker economic growth across most developed economies since the late 2000s and the tightening of the budget position for Commonwealth and state governments, has contained the growth in R&D funding over recent years and hence moderated the growth in industry revenue.

Total revenue generated by the industry has climbed by an annualised 2.5% over the five years through 2011-12 to total approximately $5.03 billion, up 3.4% on the previous year... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Scientific Research Services Industry?

Companies in this industry undertake research in the agricultural, biological, physical and social sciences. The majority of funding for scientific research is provided by federal, state and territory governments.

Industry Products
Chemical, physical and mathematical scienceEarth scienceInformation, computing and communications scienceEngineering and technologyBiological scienceAgricultural, veterinary and environmental scienceMedical and health science
 
Industry Activities
Aeronautical research institution operation (except university)Agricultural research institution operation (except university)Biological research institution operation (except university)Economic research institution operation (except university)Food research institution operation (except university)Industrial research institution operation (except university)Medical research institution operation (except university)Space tracking station (except as communication centre) and observatory operation (except university)Research farm operation (except university)Scientific and social science research institution operation (except university)


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