927110 - Space Research and Technology
The NAICS code 927110 represents a vital and futuristic segment of the economy focused on Space Research and Technology. As space exploration accelerates and satellite technologies become indispensable worldwide, this industry plays a pivotal role in advancing space sciences and technological innovation. Whether you’re a government contractor, a tech entrepreneur, or simply fascinated by space, understanding NAICS 927110 is essential for navigating this cutting-edge sector.
What is NAICS Code 927110?
NAICS code 927110 is classified under the Professional, Scientific, and Technical Services sector. It covers establishments primarily engaged in research and experimental development related to space sciences and technology. This includes activities such as:
- Space exploration
- Development of satellite technologies
- Conducting government-led space flight operations
- Scientific space research programs
These organizations focus on pushing the boundaries of knowledge and technology beyond Earth, supporting both government and commercial space initiatives.
Sector and Typical Business Activities
NAICS 927110 belongs to the broader Professional, Scientific, and Technical Services sector, which includes firms dedicated to advanced scientific research and technology development.
Typical business types and activities under this code:
- Space exploration research organizations working on new technologies and mission planning
- Satellite technology development companies creating hardware and software for communications, navigation, and earth observation satellites
- Space technology consulting firms offering specialized expertise to government agencies and aerospace businesses
- Operating and launching government satellites
- Managing space flight operations for government agencies
Size Standards for NAICS 927110 Eligibility
Understanding the small business size standards is crucial for contracting and eligibility purposes. According to the SBA (Small Business Administration):
- The size standard for NAICS 927110 is usually defined by annual receipts or number of employees, but specifics can vary.
- Typically, a small business in space research and technology would have fewer than 1,500 employees or less than $40 million in average annual receipts.
- Confirm the current size standards directly with SBA or federal contracting websites as thresholds may change.
Examples of Businesses under NAICS 927110
Here are some examples of organizations and firms typically categorized under NAICS code 927110:
- NASA (National Aeronautics and Space Administration) - Government agency involved in space exploration and research.
- Private satellite developers focusing on communications or GPS satellites.
- Aerospace research labs conducting experimental space propulsion or materials research.
- Specialized consulting companies advising on space mission planning and technology implementation.
NAICS Code 927110 - Code Details
| Code Element | Description |
|---|---|
| NAICS Code | 927110 |
| Title | Space Research and Technology |
| Sector | Professional, Scientific, and Technical Services |
| Industry Description | Research and experimental development in space sciences and technology, including satellite development and space flight operations. |
| Examples of Activities | - Operating and launching government satellites |
| - Space flight operations (government) | |
| - Government space research services | |
| Typical Business Types | Space exploration research organizations, satellite technology development companies, space technology consulting firms |
FAQs about NAICS Code 927110
What does NAICS code 927110 include?
NAICS 927110 includes establishments primarily engaged in research and development activities related to space sciences and technology, such as space exploration, satellite technology development, and government space flight operations.
Which sector does this NAICS code belong to?
It falls under the Professional, Scientific, and Technical Services sector.
What types of businesses operate under NAICS 927110?
Businesses include government agencies like NASA, satellite technology developers, aerospace research firms, and space technology consultants.
What is the size standard for NAICS 927110?
Typically, businesses with fewer than 1,500 employees or less than $40 million in annual receipts may qualify as small businesses under this code, but always verify current SBA standards.
How can businesses benefit from NAICS 927110 classification?
Having this NAICS code helps businesses qualify for government contracts and grants specifically allocated for space research and technology development.
Conclusion
NAICS code 927110 - Space Research and Technology represents a high-tech, rapidly evolving industry crucial to national security, scientific advancement, and commercial innovation. Companies and organizations operating under this code are at the forefront of space exploration, satellite development, and experimental research in space sciences. Whether you are a government contractor, startup, or investor, understanding this NAICS code is key to tapping into the dynamic opportunities within the space sector.
Stay informed on size standards, government contracting rules, and industry trends to maximize your potential in the exciting realm of Space Research and Technology!
