Private trumps public: More than half of CRIs' future revenue may come from commercial contracts
The Scientific Research Services industry has performed well over the past five years due to favourable funding and demand conditions in most years. Greater capital expenditure by the government has boosted the capital available for a range of scientific research services carried out by industry organisations, including research into the COVID-19 virus, potential vaccines, and other related factors from late 2019-20 through 2021-22. The Central Government's (Te Kawanatanga o Aotearoa) Crown Research Institutes (CRIs) have also expanded their partnerships with the private sector. Encouraged by the Research and Development Tax Incentive (RDTI), the majority of growth has been driven by commercial contracts.
Industry operators primarily provide environmental, agricultural, physical, biological, social and other scientific research services. Organisations in the industry carry out this research for themselves and for other entities. University research institutions are excluded from the industry.
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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AgResearch Limited
- National Institute of Water and Atmospheric Research Limited
- The New Zealand Institute for Plant and Food Research Limited
- Institute of Geological and Nuclear Sciences Limited
- Institute of Environmental Science and Research Limited
Methodology
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