Newswise — WASHINGTON, D.C., March 7, 2019 — Industrial physics performs a major position in driving the U.S. economic system, in accordance with a brand new report by the American Bodily Society, which might be described this week on the 2019 APS March Assembly in Boston.
The report, “The Influence of Industrial Physics on the U.S. Economic system,” discovered that industrial physics contributed an estimated $2.3 trillion in 2016, which was 12.6 p.c of the gross home product (GDP).
A press convention on the report will happen throughout the APS assembly. Info for logging on to look at and ask questions remotely is included on the finish of this information launch. The report was produced by APS with monetary help from the American Institute of Physics Enterprise Partnership Fund. It’s out there at https://www.aps.org/business.
What Precisely is Industrial Physics?
“Industrial physics is the applying of physics information and rules to the design and manufacturing of services,” mentioned Steven Lambert, APS Industrial Physics Program Supervisor. “The success of contemporary know-how is constructed upon a basis of improvements in physics. Typically that’s carried out instantly or not directly, however industrial physicists are the catalysts for making this occur.”
Industrial physics contributes to the U.S. economic system in a number of key methods, in accordance with the report. This contains not solely physicists with levels who’re working in business as researchers, product designers, managers, analysis administrators and entrepreneurs, but additionally engineers, chemists, supplies scientists, technicians and different scientists and technologists who use experimental or theoretical bodily rules inside their professions.
One other approach industrial physics contributes is thru the usage of basic bodily rules — the legal guidelines governing the digital, nuclear, mechanical, electrical, magnetic, acoustic, warmth and radiation conduct of bodily substances — to conceptualize, design and manufacture bodily merchandise and techniques, together with understanding their use and affect.
“We anticipated to search out that industrial physics is essential to the U.S. economic system, however we have been shocked on the measurement of the contribution: 12.6 p.c of the U.S. GDP and 6 p.c of direct employment,” mentioned John Rumble, of R&R Information Companies and a member of the APS Industrial Physics Advisory Board. “This displays the more and more technological foundation of our economic system and is one motive that the U.S. continues to be the main economic system on the earth.”
Among the many report’s different key findings concerning the business’s affect on the U.S. economic system:
- 5 million individuals have been employed in physics-based industries in 2016.
- Roughly 70,000 degreed physicists joined business from 2003-2016, greater than 58 p.c of the entire variety of U.S. physics graduates.
- S. exports by physics-based sectors accounted for about $1.1 trillion in 2016.
- S. physics-based corporations invested $150 billion in inside R&D in 2015.
- Greater than 340,000 physics patents have been granted to U.S. corporations from 2010-2016.
One spotlight from the report: “For the reason that finish of World Warfare II, physics discoveries of the twentieth century have been remodeled by industrial physicists into unbelievable services. Examples embrace shopper electronics, private computer systems, cell telephones, GPS, MRI scanners, digital every part, and the Info Revolution that makes life as we speak just about unrecognizable to somebody who lived 70 years in the past. The move of physics into business is neither stopping, nor even slowing down, as new disruptive services proceed to emerge.”
The report concludes that for industrial physics to proceed to thrive, it wants help from your entire physics group — business, academia, authorities, and physics societies — to proceed to help industrial physics in order that it may possibly proceed to thrive. It cautions that the Twenty first-century business will want new physics and a greater understanding of our bodily world, a objective that requires the U.S. to take care of its management in physics R&D.
“U.S. business wants the creativity and information of business physicists to proceed the tempo of know-how growth that we’ve seen throughout the previous 50 years,” mentioned Bob Doering of Texas Devices and chair of the APS Industrial Physics Advisory Board. “Physics coaching fosters the creativity and technical expertise which might be important for this pursuit.”
###
The 2019 APS March Assembly presentation “The Financial Influence of Industrial Physics on the U.S. Economic system: What worth we physicists deliver to financial exercise,” by John Rumble, will happen Thursday, March 7, at 3:42 p.m. in room 205A of the Boston Conference and Exhibition Middle. ABSTRACT: http://conferences.aps.org/Assembly/MAR19/Session/V34.3
###
———————– MORE MEETING INFORMATION ———————–
The American Bodily Society (APS) March Assembly is a serious worldwide convention and the most important physics assembly of the yr. In 2019, the APS March Assembly will convene March 4-8 on the Boston Conference and Exhibition Middle.
USEFUL LINKS
Register as Press: https://goo.gl/kinds/ur9dE24zCO1IVsLu2
Press Web site: https://www.aps.org/conferences/march/press.cfm
Assembly Abstracts: http://conferences.aps.org/Assembly/MAR19/APS_epitome
Most important Assembly Web page: https://www.aps.org/conferences/march/
Resort and Journey: https://www.aps.org/conferences/march/hotel-travel.cfm
PRESS REGISTRATION
APS will present free registration to all workers journalists representing media organizations, skilled freelance journalists on project, and pupil journalists who’re attending the assembly for the categorical goal of gathering and reporting information and knowledge. Press registration grants full entry to all scientific periods, to the press room, and to the press conferences. We can even present complimentary press registration to school press officers, PIOs and different skilled media relations workers. For press associated questions concerning the APS March Assembly, e mail [email protected].
PRESS CONFERENCES
A sequence of press conferences on newsworthy analysis might be webcast dwell from the convention on Monday, March 4 via Thursday, March 7. A schedule might be launched the week earlier than the convention. Members of the media ought to register prematurely at https://webcast.apswebcasting.com/go/aps-march-19.
ABOUT APS
The American Bodily Society is a nonprofit membership group working to advance and diffuse the information of physics via its excellent analysis journals, scientific conferences, and training, outreach, advocacy, and worldwide actions. APS represents over 55,000 members, together with physicists in academia, nationwide laboratories, and business in the US and all through the world. Society places of work are positioned in Faculty Park, Maryland (Headquarters), Ridge, New York, and Washington, D.C. Learn extra: https://www.aps.org/
###
………………………….
Sourcing information and pictures from newswise.com/
Subscribe for updates!