Industry Analysis & Industry Trends
As businesses' budgets return, an increase in research and development will drive industry growth. Operators will benefit from continued advances in navigational instrument technology, increased government and private equipment expenditures and higher industrial production. Furthermore, improved conditions in downstream markets will support growth in the five years to 2018... purchase to read more
Industry Report - Industry Analysis Chapter
In the five years to 2013, IBISWorld estimates that revenue for the Navigational Instrument Manufacturing industry has risen at an average annual rate of 1.1% to $56.4 billion, including an increase of 2.4% in 2013. During this period, an increase in downstream demand from the Laboratory Testing Services industry (IBISWorld report 54138) has driven industry growth. This sector experienced a mini boom during much of the past decade, despite the recession.
In addition to underlying conditions in downstream markets, industry growth relies on technological advancements. Industry operators depend heavily on patents, trademarks, copyrights, trade secrets and confidentiality agreements... purchase to read more