Market Sizing

NAICS Code Cheat Sheet: Decode Your Market in Minutes (2025)

Quickly decode NAICS codes with our clear, practical guide. Learn how NAICS works, easily find codes, and see real-world startup examples (2025).


NAICS Code Cheat‑Sheet: Decode Your Market in Minutes (2025)

Forget scrolling endless PDFs. Here’s the fast way to understand NAICS—including the digit anatomy and practical lookup strategies. Get actionable insights instantly.


1. Anatomy of a NAICS Code

Digit(s) Meaning Sample
1‑2 Economic Sector 51 = Information
3 Sub‑sector 512 = Publishing
4 Industry Group 5121 = Software Publishing
5 NAICS Industry 51212 = Software Publishers
6 National Detail 512120 = Software Publishers (U.S.)

Example: Apple Inc. primarily fits under 334111 (Electronic Computer Manufacturing), though some products/services may align with other NAICS codes such as 541511 (Custom Computer Programming Services).

2. How to Look Up Codes

  1. Keyword search: Use the U.S. Census Bureau’s official NAICS lookup tool for precise, authoritative results.

  2. Competitor cross‑check: Find relevant codes by reviewing the NAICS classifications disclosed by public companies in their annual 10‑K filings, available through the SEC’s EDGAR database.

  3. Understand differences from SIC: Familiar with SIC codes? Learn the key differences and strengths of each system by reviewing our clear breakdown in NAICS vs SIC Codes: Understanding the Differences for Market Sizing (2025).

Tip: Regularly updating and verifying your NAICS classifications helps ensure accuracy for strategic planning and investment pitches.

3. Popular Founder Examples (2025)

  • SaaS Tool for SMEs518210 Data Processing & Hosting (e.g., HubSpot, Salesforce)
  • D2C Coffee Brand311920 Coffee & Tea Manufacturing (e.g., Blue Bottle Coffee, La Colombe)
  • Marketplace for Used EVs441228 Used Car Dealers (e.g., Carvana, Shift)
  • EdTech Platform611420 Computer Training (e.g., Coursera, Udemy)
  • Health & Wellness App621399 Miscellaneous Health Practitioners (e.g., Headspace, Calm)

 

Frequently Asked Questions

How many digits should I use in an investor deck?

Use six-digit NAICS codes for maximum precision. Only use broader codes when data limitations require it.

Do NAICS codes change over time?

Yes. NAICS is updated every five years to reflect market shifts (latest revision was in 2022). Always verify your codes prior to important presentations or filings.

Can one business have multiple codes?

Absolutely. Businesses often operate in multiple industries. Allocate your revenues proportionally across relevant codes for accurate market analyses.

What's the main difference between NAICS and SIC?

SIC (Standard Industrial Classification) was replaced by NAICS to better reflect the modern economy, especially in technology and services. NAICS provides more granular and updated industry classification.

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