Research and experimental development on natural sciences and engineering

isic code 7210 covers a wide range of research and experimental development activities in the natural sciences and engineering fields. This industry plays a crucial role in driving innovation, technological advancement, and scientific discovery, which are essential for the progress and competitiveness of modern economies. Researchers and scientists working in this sector contribute to the development of new products, processes, and solutions that have far-reaching impacts across various industries and sectors.

The main production techniques in this industry involve the systematic investigation and experimentation of natural phenomena, materials, and processes. Researchers utilize a range of scientific methods, including observation, hypothesis formulation, experimentation, data collection, and analysis, to expand the boundaries of knowledge and develop new technologies. Collaboration between researchers, engineers, and subject matter experts is often essential for the successful execution of complex research projects.

The key inputs required for this industry include highly skilled and specialized personnel, such as scientists, engineers, and technicians, as well as access to advanced research facilities, equipment, and laboratory resources. Funding, whether from public or private sources, is another critical input, as it enables the necessary investments in research infrastructure, materials, and ongoing investigations.

The primary outputs of this industry are new scientific discoveries, technological innovations, and intellectual property, such as patents, publications, and prototypes. These outputs can be consumed by a wide range of other industries, including 2410 Manufacture of basic pharmaceutical products, 2620 Manufacture of computers and peripheral equipment, and 2630 Manufacture of communication equipment, as they seek to incorporate the latest advancements in their products and services.