Choppy waters: The industry has experienced moderate volatility due to its diverse revenue base

The Navigational Instrument Manufacturing industry produces a range of technical devices that are demanded by a bundle of downstream markets. Despite renewed demand from downstream markets, recent declines in government consumption and investment and an appreciating dollar have threatened industry performance. Sluggish government activity has weakened demand for this market segment, which is expected to be the industry's largest. Over the coming years, increasing corporate profit will allow for greater private R&D spending, which will facilitate product innovation and industry revenue growth. Furthermore, operators will benefit from a rebound in government consumption and investment...read more.

Industry Statistics & Market Size
Revenue
$108bn
Annual Growth 12-17
-1.2%
Forecast Growth 17-22
Profit
Employment
289,907
Businesses
4,297
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Growth in customer industries such as aircraft manufacturing, lab services and construction have provided industry demand
  • Larger companies acquired smaller, specialized operators
  • Industry operators will face growing competition from outside the United States
  • Industry Report - Industry Products Chapter

    The industry manufactures a range of instruments, with search, detection and navigational instruments forming the largest product segment. Other significant product groups include electricity measuring, testing instruments and analytical laboratory instruments.Search, detection and navigational instrumentsSearch, detection and navigational instruments account for 38.0% of the total industry revenue. Major products include radar (radio detection and ranging), sonar (sound navigation ranging), gyroscopes and airborne navigational systems. The segment also includes transmitters and displays; fathometers; compasses (except portable); drift meters and sextants.Many of these products are manufactured for commercial and military markets. Pro...purchase to read more.

    Additional Insights for the Navigational Instrument Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Navigational Instrument Manufacturing Industry are

  • Access to the latest technology
  • Having links with suppliers
  • Develop export markets
  • IBISWorld analysts also discuss how external factors such as Demand from laboratory testing services and Research and development expenditure in the Navigational Instrument Manufacturing industry impact industry performance..

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    What is the Navigational Instrument Manufacturing Industry?

    The industry manufactures navigational, measuring and control instruments. Its products include aeronautical instruments, appliance regulators and controls (except switches), laboratory analytical instruments, navigation and guidance systems and physical properties testing equipment.

    Industry Products
  • Search, detection and navigation instruments
  • Automatic environmental control instruments
  • Industrial process control instruments
  • Totalizing fluid meter and counting devices
  • Electricity measuring and testing instruments
  • Analytical laboratory instruments
  • Watches, clocks and parts
  • Other measuring and controlling devices
  • Industry Activities
  • Manufacturing search, detection, navigation, guidance, aeronautical and nautical systems and instruments
  • Manufacturing automatic environmental controls
  • Manufacturing instruments for measuring, displaying and controlling industrial process variables
  • Manufacturing totalizing fluid meter and counting devices
  • Manufacturing instruments for measuring and testing electricity and electrical signals
  • Manufacturing analytical laboratory instruments
  • Manufacturing watches, clocks and parts
  • Manufacturing other measuring and controlling devices
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from laboratory testing services
  • Research and development expenditure
  • Trade-weighted index
  • Private investment in industrial equipment and machinery
  • Government consumption and investment

  • Current Performance
  • Strong downstream markets
  • Shrinking industry participation
  • Trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Productivity, technology and R&D
  • Industry trends
  • A stronger dollar’s impact on trade
  • Table: Navigational Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Navigational Instrument Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Laboratory Supply Wholesaling
  • Electronic Part & Equipment Wholesaling
  • Jewelry & Watch Wholesaling
  • Diagnostic & Medical Laboratories

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Glass Product Manufacturing
  • Hose & Belt Manufacturing
  • Manufacturing
  • Plastic Pipe & Parts Manufacturing

  • Products & Services
  • Search, detection and navigation instruments
  • Analytical laboratory instruments
  • Electricity measuring and testing instruments
  • Industrial process control instruments
  • Other measuring and controlling devices
  • Totalizing fluid meter and counting devices
  • Automatic environmental control instruments
  • Watches, clocks and parts
  • Chart: Navigational Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other
  • Exports
  • Domestic manufacturing and construction sectors
  • Domestic scientific laboratories
  • Government clients
  • Chart: Major Market Segmentation for the Navigational Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Navigational Instrument Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Navigational Instrument Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Navigational Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Navigational Instrument Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Avionics
  • Electronics used on aircraft, artificial satellites and spacecraft.
  • Microfluidics
  • The design and manufacture of very small devices that deal with volumes of fluid on the order of nanoliters or picoliters.
  • Research And Development (R&D)
  • Creative work undertaken by a company to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • Why buy this report?

    The Navigational Instrument Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Navigational Instrument Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Navigational Instrument Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Navigational Instrument Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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