NAICS Code 927 - Space Research and Technology

NAICS 927 - Space Research and Technology

NAICS 92 - Public Administration
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 927 - Space Research and Technology
  NAICS 921 - Executive, Legislative, and Other General Government Support NAICS 922 - Justice, Public Order, and Safety Activities NAICS 923 - Administration of Human Resource Programs NAICS 924 - Administration of Environmental Quality Programs NAICS 925 - Administration of Housing Programs, Urban Planning, and Community Development NAICS 926 - Administration of Economic Programs NAICS 927 - Space Research and Technology NAICS 928 - National Security and International Affairs

This subsector group comprises government establishments that conduct space research.

Industry trends:

The Space Research and Technology industry, classified under NAICS 927, is experiencing significant qualitative trends. One prominent trend is the increasing collaboration between government agencies and private companies. This partnership is driving innovation and reducing costs associated with space missions. Additionally, there is a substantial focus on reusable launch systems, which aim to make space travel more sustainable and cost-effective.

Another trend is the miniaturization of satellite technology. Smaller, more efficient satellites are being developed, allowing for large-scale satellite constellations that enhance global communication networks and Earth observation capabilities. Advances in AI and machine learning are also being integrated into space research and technology, improving data analysis, autonomous mission planning, and anomaly detection systems.

Looking ahead, forecasts suggest a growing emphasis on deep space exploration, including missions to the Moon, Mars, and beyond. We can expect heightened investments in infrastructure supporting human space travel and habitation. There is also a potential for increased commercialization of Low Earth Orbit (LEO) with sectors such as space tourism, in-orbit manufacturing, and space-based research facilities gaining traction.

Overall, the Space Research and Technology industry is set to witness robust growth, driven by technological innovation, strategic partnerships, and expanding commercial opportunities. These trends indicate a dynamic and evolving landscape with significant potential for future advancements and economic impact.

This industry is comprised of:

NAICS 9271 - Space Research and Technology

Explore related industries:

NAICS 3364 - Aerospace Product and Parts Manufacturing NAICS 4881 - Support Activities for Air Transportation NAICS 5179 - Other Telecommunications

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