Scientific Research & Development in Prince Edward Island

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS PE54171CA

Scientific Research & Development in Prince Edward Island industry analysis

Revenue for the Scientific Research & Development industry in Prince Edward Island is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xx locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Scientific Research & Development in Prince Edward Island Market Research Report

What’s Included in the Scientific Research & Development in Prince Edward Island Market Research Report

Definition of the Scientific Research & Development in Prince Edward Island?

This industry conducts physical, engineering or life sciences research and development (R&D). This industry does not include operators such as pharmaceutical or manufacturing companies that may undertake R&D to support operations. Government entities are also excluded from this industry.

What’s included in the Scientific Research & Development in Prince Edward Island?

The Scientific Research & Development in Prince Edward Island includes health and life sciences research, environmental research, natural resources and energy research, information and communications research, electrical engineering research, mechanical engineering research and software engineering research. Related terms covered in the Scientific Research & Development in Prince Edward Island industry report includes biotechnology, biological sciences and other medical sciences, the study of controlling matter on an atomic and molecular scale and science concerned with fields including logic, mathematics, statistics and theoretical computer science.

Industry Performance of the Scientific Research & Development industry in Prince Edward Island

Benchmark the Scientific Research & Development in Prince Edward Island industry performance with all PE Census Metropolitan Area and national performance.

Scientific Research & Development in Prince Edward Island

#10 in Highest Revenue 0.6% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Scientific Research & Development in Canada
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Scientific Research & Development industry in Prince Edward Island

See how key industry drivers, such as median houshold income, gross domestic product, private investment in non-residential construction, research and development expenditure, corporate profit and government consumption and investment are impacting Scientific Research & Development in Prince Edward Island

Prince Edward Island Economic Indicators

Median Houshold Income
Gross Domestic Product
Private Investment in Non-Residential Construction

View more economic information in PE State Economic profile

Canada Key External Drivers

Research and development expenditure
Corporate profit
Government consumption and investment

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Scientific Research & Development industry in Prince Edward Island

Access proprietary data on Census Metropolitan Area in the Scientific Research & Development in Prince Edward Island, such as Charlottetown. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Scientific Research & Development industry in Prince Edward Island

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Scientific Research & Development industry in Prince Edward Island in 2025?

The market size of the Scientific Research & Development industry in Prince Edward Island is $94.9m in 2025.

How many businesses are there in the Scientific Research & Development industry in Prince Edward Island in 2025?

There are 35 businesses in the Scientific Research & Development industry in Prince Edward Island, which has been declining at an average annual rate of -0.6% from 2020 to 2025.

Has the Scientific Research & Development industry in Prince Edward Island grown or declined over the past 5 years?

The market size of the Scientific Research & Development industry in Prince Edward Island has been growing at an average annual rate of 1.6% from 2020 to 2025.

How many employees in the Scientific Research & Development industry in Prince Edward Island in 2025?

There are 420 employees in the Scientific Research & Development industry in Prince Edward Island, which has been growing at an average annual rate of 3.9% from 2020 to 2025.

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