NAICS Code 541714-08 - Commercial Physical Research

Marketing Level - NAICS 8-Digit

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NAICS Code 541714-08 Description (8-Digit)

Commercial Physical Research is a subdivision of the NAICS Code 541714 that involves the application of physical principles and techniques to conduct research and development in various fields. This industry is focused on developing new products, processes, and technologies that can be used in a range of applications. Commercial Physical Research is a highly specialized field that requires a deep understanding of physics, chemistry, and engineering principles.

Hierarchy Navigation for NAICS Code 541714-08

Tools

Tools commonly used in the Commercial Physical Research industry for day-to-day tasks and operations.

  • Spectrometers
  • Microscopes
  • X-ray diffraction equipment
  • Mass spectrometers
  • Atomic force microscopes
  • Scanning electron microscopes
  • Gas chromatographs
  • High-performance liquid chromatographs
  • Fourier transform infrared spectrometers
  • Nuclear magnetic resonance spectrometers
  • Laser systems
  • Optical microscopes
  • Thermal analysis equipment
  • Rheometers
  • Viscometers
  • Tensile testers
  • Compression testers
  • Impact testers
  • Tribometers

Industry Examples of Commercial Physical Research

Common products and services typical of NAICS Code 541714-08, illustrating the main business activities and contributions to the market.

  • Materials science research
  • Energy research and development
  • Aerospace research and development
  • Automotive research and development
  • Semiconductor research and development
  • Optics research and development
  • Nanotechnology research and development
  • Medical device research and development
  • Environmental research and development
  • Defense research and development

Certifications, Compliance and Licenses for NAICS Code 541714-08 - Commercial Physical Research

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Good Laboratory Practice (GLP): GLP is a quality system concerned with the organizational process and conditions under which non-clinical health and environmental safety studies are planned, performed, monitored, recorded, archived, and reported. The US FDA provides GLP certification.
  • ISO 9001:2015: This certification is a quality management system that helps organizations ensure they meet the needs of customers and other stakeholders while meeting statutory and regulatory requirements related to the product. The International Organization for Standardization (ISO) provides this certification.
  • ISO 17025:2017: This certification is a quality management system for testing and calibration laboratories. It is the main ISO standard used by testing and calibration laboratories. The ISO provides this certification.
  • OSHA Hazard Communication Standard (HCS): This standard requires chemical manufacturers, distributors, or importers to provide Safety Data Sheets (SDSs) and labels for hazardous chemical products. The Occupational Safety and Health Administration (OSHA) provides this certification.
  • National Environmental Laboratory Accreditation Program (NELAP): This program is a voluntary accreditation program that recognizes environmental laboratories that demonstrate the ability to produce precise and accurate test and calibration data. The NELAP provides this certification.

History

A concise historical narrative of NAICS Code 541714-08 covering global milestones and recent developments within the United States.

  • Commercial Physical Research has been a crucial industry worldwide for many years. The industry has been responsible for numerous advancements in various fields, including medicine, engineering, and technology. One of the most notable milestones in the industry's history was the discovery of penicillin in 1928, which revolutionized medicine and saved countless lives. Another significant advancement was the development of the first commercial computer by IBM in 1952, which paved the way for modern computing. In recent years, the industry has continued to make significant strides, such as the development of the first 3D-printed human heart in 2019. In the United States, the industry has been a driving force behind many technological advancements, such as the creation of the first smartphone by Apple in 2007.

Future Outlook for Commercial Physical Research

The anticipated future trajectory of the NAICS 541714-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Commercial Physical Research industry in the USA is promising. The industry is expected to grow due to the increasing demand for research and development in various fields such as healthcare, energy, and materials science. The industry is also expected to benefit from the growing trend of outsourcing research and development activities to specialized firms. Additionally, the industry is likely to benefit from the increasing availability of funding for research and development activities from both public and private sources. However, the industry may face challenges such as increasing competition from international firms and the need to constantly innovate to stay ahead of the competition.

Industry Innovations for NAICS Code 541714-08

Recent groundbreaking advancements and milestones in the Commercial Physical Research industry, reflecting notable innovations that have reshaped its landscape.

  • Development Of New Materials for Use In the Aerospace Industry: Commercial Physical Research firms in the USA have been working on developing new materials that can withstand the extreme conditions of space travel. These materials are expected to be used in the construction of spacecraft and satellites.
  • Advancements In Renewable Energy Technologies: Commercial Physical Research firms in the USA have been working on developing new technologies for generating renewable energy. These technologies include solar, wind, and geothermal energy.
  • Development Of New Medical Treatments: Commercial Physical Research firms in the USA have been working on developing new treatments for various medical conditions such as cancer, Alzheimer's disease, and diabetes. These treatments are expected to improve the quality of life for millions of people around the world.
  • Advancements In Artificial Intelligence: Commercial Physical Research firms in the USA have been working on developing new artificial intelligence technologies that can be used in various industries such as healthcare, finance, and transportation. These technologies are expected to revolutionize the way we live and work.
  • Development Of New Materials for Use In the Construction Industry: Commercial Physical Research firms in the USA have been working on developing new materials that are stronger, lighter, and more durable than traditional building materials. These materials are expected to be used in the construction of buildings, bridges, and other infrastructure projects.

NAICS Code 541714-08 - Commercial Physical Research

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