Overview

Positive results: Private research investment has increased industry demand and revenue growth

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
$7bn
Annual Growth
2013 - 2018
4.5%
Annual Growth
2018 - 2023
Profit
Employment
25,470
Business
3,641

Industry Threats & Opportunities

  • Rising private research investment has increased industry demand and revenue growth
  • Programs such as Cooperative Research Centres have encouraged commercially focused research
  • The Federal Government is under pressure to improve business R&D expenditure

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    Industry Analysis & Industry Trends

    The Scientific Research Services industry includes a range of government and private sector organisations across many scientific research fields. The industry relies heavily on public sector funding, despite increasing calls for greater self-funding by the Australian Government. Industry firms face increasing pressure to generate own-source revenue by raising funds through donations and co-investment with other corporations and governments, and through royalty and licence revenue on intellectual property. Private businesses also look to commercialise their research by generating revenue streams after taking developed products to market...

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    Industry Report - Industry SWOT Analysis Chapter

    The Scientific Research Services industry is in the growth phase of its economic life cycle. With research funding derived from the public sector and private enterprises, industry activity is influenced by government budget priorities and the potential for private firms to generate sufficient returns over time. Due to these factors, the industry has expanded strongly over the past five years, and is projected to grow rapidly over the next five years. Overall, over the 10 years through 2022-23, industry value added (the industry’s contribution to national GDP) is projected to increase at an annualised 4.0%. This is higher than the forecast growth of the whole Australian economy over the same years of 2.5% per annum.

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    Additional Insights for the Scientific Research Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Scientific Research Services Industry are

  • Having a high prior success rate (including completed prior contracts)
  • Provision of appropriate facilities
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Private research and development expenditure and Capital expenditure by the private sector in the Scientific Research Services industry impact industry performance..

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    Industry Products

    What is the Scientific Research Services Industry?

    Industry organisations undertake research relating to agricultural, biological, physical and social sciences. This research may be undertaken for themselves or for other organisations. Federal, state and territory governments provide a large proportion of funding for scientific research.

    Industry Products
    Experimental development research
    Applied research
    Strategic basic research
    Pure basic research
    Industry Activities
    Aeronautical research services
    Agricultural research services
    Biological and biotechnology research services
    Economic research services
    Food research services
    Industrial research services
    Medical research services
    Space tracking research station operation and observatory research services
    Research farm operation
    Scientific and social science research services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private research and development expenditure
  • Capital expenditure by the private sector
  • Demand from professional, scientific and technical services
  • Capital expenditure by the government
  • Total health expenditure

  • Current Performance
  • Steady revenue growth
  • Revenue and funding sources
  • Research funding trends
  • Research collaboration
  • Chart: Revenue Growth

  • Industry Outlook
  • Future revenue growth
  • Government research priorities
  • Research funding trends
  • Table: Scientific Research Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scientific Research Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Pharmaceutical Product Manufacturing
  • Defence
  • Health Services
  • Wired Telecommunications Network Operation
  • Wireless Telecommunications Carriers

  • Key Selling Industries
  • Central Government Administration
  • Environmental Science Services
  • Measurement and Other Scientific Equipment Manufacturing

  • Products & Services
  • Experimental development research
  • Applied research
  • Strategic basic research
  • Pure basic research
  • Chart: Scientific Research Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Medical and health sector
  • Information technology and engineering industries
  • Chemical, energy and manufacturing industries
  • Other sectors
  • Agricultural organisations
  • Environmental organisations
  • Chart: Major Market Segmentation for the Scientific Research Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Scientific Research Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scientific Research Services Industry

  • Industry Globalization
    Major Companies
    Commonwealth Scientific & Industrial Research Organisation
  • Table: Commonwealth Scientific & Industrial Research Organisation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Scientific Research Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Scientific Research Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Csiro
  • Commonwealth Scientific & Industrial Research Organisation.
  • Grant
  • Money provided (usually by a government agency) for study in a particular field endorsed by the body providing the money.
  • Nhmrc
  • National Health and Medical Research Council, provides funding for all research relating to human health and medicine.
  • R&D
  • Research and development into innovations and advancements across scientific, technical, medical and other fields.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Scientific Research Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scientific Research Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scientific Research Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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