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