Major Group SIC 8731 - Commercial Physical And Biological Re...

SIC 8731 - Commercial Physical And Biological Research

SIC 87 - Engineering, Accounting, Research, Management, And Related Services
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 873 - Research, Development, And Testing Services
  SIC 871 - Engineering, Architectural, And Surveying SIC 872 - Accounting, Auditing, And Bookkeeping Services SIC 873 - Research, Development, And Testing Services SIC 874 - Management And Public Relations Services
  - SIC 8731 - Commercial Physical And Biological Research
    SIC 8731 - Commercial Physical And Biological Research SIC 8732 - Commercial Economic, Sociological, And Educational Research SIC 8733 - Noncommercial Research Organizations SIC 8734 - Testing Laboratories

Establishments primarily engaged in commercial physical and biological research and development on a contract or fee basis. Noncommercial research establishments funded by endowments, grants, or contributions are classified in Industry 8733. Separate establishments of aircraft, guided missile, or spacecraft manufacturers primarily engaged in research and development on these products are classified in Manufacturing, Major Group 37.

Industry trends:

NAICS 8731, Commercial Physical and Biological Research, is experiencing several notable qualitative trends that are shaping the industry's future. One such trend is the increasing convergence of physical and biological research with advancements in data analytics, artificial intelligence, and machine learning technologies. Researchers are leveraging these technologies to accelerate discovery, optimize processes, and derive deeper insights from complex biological data.

The shift towards personalized medicine and precision agriculture is significantly influencing the sector. In healthcare, there is a growing focus on developing tailored treatments based on individual genetic profiles, while in agriculture, biological research is being used to enhance crop yields and resistance to pests and diseases through biotechnological innovations.

Collaborative research is also on the rise, with more partnerships between academic institutions, private enterprises, and government bodies. This collaboration is crucial for pooling resources, expertise, and technologies, which in turn drives innovation and commercialization of research findings.

The industry is also navigating sustainability and ethical considerations, aiming to reduce environmental impacts and ensure that research practices comply with ethical standards and public expectations. This trend is particularly evident in areas such as synthetic biology and genetic engineering.

For the near future, the industry is expected to experience robust growth driven by increased R&D funding and supportive government policies. The focus will likely intensify on translating research findings into practical applications that address global challenges, such as health crises and food security, further cementing the critical role of commercial physical and biological research in societal advancement.

This industry is comprised of:

Agricultural research,

Biological research commercial

Chemical laboratories, commercial research except testing

Engineering laboratories, commercial research: except testing

Food research commercial

Industrial laboratories commercial research: except testing

Physical research commercial

Research and development physical and biological: commercial

Explore related industries:

SIC 4899 - Communications Services, Not Elsewhere Classified SIC 6282 - Investment Advice SIC 7375 - Information Retrieval Services

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