Guiding light: Expanding R&D budgets have enabled much-needed product innovation

The Navigational Instrument Manufacturing industry produces a wide range of devices, including search, detection and navigational instruments, in addition to electricity measuring and testing tools. Broad-based economic growth has enabled private research and development budgets to expand during the period, providing the investments needed for industry product innovation. New products have enabled the industry to remain competitive amid rising foreign competition and changing demand in downstream markets, contributing to annualized revenue growth. Over the five years to 2023, industry revenue is forecast to continue increasing...purchase to read more.

Industry Statistics & Market Size
Revenue
$115bn
Annual Growth 13-18
0.6%
Forecast Growth 18-23
Profit
Employment
290,065
Businesses
4,450
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Growth in customer industries such as aircraft manufacturing, lab services and construction have provided industry demand
  • Manufacturers are contending with high levels of import penetration and industry exit
  • Competitive pressures to increase productivity and reduce costs will support continued investment
  • 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 43.3% 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 geophysical services and Federal funding for defense in the Navigational Instrument Manufacturing industry impact industry performance..

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    What's in this report

    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 geophysical services
  • Federal funding for defense
  • Trade-weighted index
  • Aggregate private 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
  • Other measuring and controlling devices
  • Electricity measuring and testing instruments
  • Industrial process control instruments
  • 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 scientific laboratories
  • OEM
  • 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
  • Profit
  • Purchases
  • Wages
  • Other
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Research & development expenditure (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    The Navigational Instrument Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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