Not rocket science: Growth in private research expenditure boosts industry revenue

IBISWorld’s Scientific Research Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • Industry revenue is expected to grow due to increased private R&D expenditure
  • Programs such as Cooperative Research Centres have encouraged commercially focused research
  • The Federal Government is under pressure to improve the low level of business expenditure on R&D

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    Industry Analysis & Industry Trends

    The Scientific Research Services industry encompasses a range of government and private sector organisations spanning many fields of scientific research and study. The industry continues to heavily rely on public sector funding, despite increasing calls for self-funding. Industry firms are facing 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. These pressures are anticipated mount in future years, especially while industry profit and surplus levels remain low...

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    Industry Report - Industry Analysis Chapter

    The Scientific Research Services industry has performed moderately well over the past five years. Over the period, research funding has been steady for areas of emerging importance to the local and global community, such as green energy alternatives. Funding has also continued for traditional fields of study, such as agriculture and medicine. However, government budgets have been tightened in some years, constraining research and development (R&D) funding growth and limiting the industry’s performance.

    In-house R&D undertaken by major corporations, such as Sigma Pharmaceuticals and Rio Tinto, is generally excluded from the industry. The industry focuses on independent scientific research and excludes revenue generated from internal development research by private corporations. The..

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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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    New Zealand Special Report

    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
  • Other sectors
  • Chemical, energy and manufacturing industries
  • 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 OrganisationAustralian Nuclear Science & Technology Organisation
  • Table: Commonwealth Scientific & Industrial Research Organisation - financial performance
  • Table: Australian Nuclear Science & Technology 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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Business expenditure on research and development.
  • 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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