Scientific Research & Development in California
The Scientific Research and Development industry in California has grown over the five years to 2017. Industry operators perform physical, engineering, life science, biomedical and other types of research and development (R&D) for a variety of government and private clients. The industry has grown over the past five years as R&D expenditures grew quickly over the period. The expansion of the technology sector has been the largest proponent of growth for the California industry over the past five years. California currently serves as a technology hub in the United States, with areas such as Silicon Valley being a center for scientific and technological innovation. An increasing number of technology firms have opened in Silicon Valley over the past five years. The Scientific Research and Development industry in California is forecast to experience continued growth over the five years to 2022. The industry is expected to continue to benefit from the rising number of technology companies in the United States as well as overall increased government spending over the forecast period.
This industry includes companies and organizations that are involved in physical, engineering or life sciences research and development (R&D). The industry only includes operators whose primary purpose is R&D and excludes players such as pharmaceutical or manufacturing companies that may undertake R&D to support their primary operations. Government entities are also excluded from this industry, though these entities may contract and fund the research this industry undertakes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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