The right direction: The industry is expected to expand despite some testing conditions

Businesses in the Measuring, Testing and Navigational Equipment Manufacturing industry rely heavily on innovation for their survival and success. The industry encompasses a wide variety of products, with some product markets dominated by a few global companies. Industry growth is influenced by conditions in downstream markets, including manufacturing, research and development, defence and national security. In the United Kingdom, there are several successful companies pioneering world-leading technology. However, some domestic production capacity has been downsized or closed in favour of manufacturing in countries where markets are larger or production costs are lower.The industry is expected to grow at a compound annual rate of 0.5% over the five years through 2017-18...read more.

Industry Statistics & Market Size
Revenue
£10.2bn
Annual Growth 13-18
0.5%
Forecast Growth 18-23
Profit
Employment
60,197
Businesses
2,042
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increasing export sales due to advances in equipment technology have supported growth
  • Improving industrial activity has supported the industry over the past five years
  • Government initiatives to promote energy efficiency are expected to boost demand for smart meters
  • Industry Report - Industry Investment Chapter

    The industry has a low level of capital intensity. Wages are expected to account for approximately 24.7% of revenue in 2017-18, which is high compared with many other manufacturing industries. Depreciation, which is used as a proxy for capital, is expected to account for approximately 2.4% of industry revenue. This means that for every £1.00 spent on capital, an estimated £10.29 is spent on labour. However, despite low capital intensity, businesses often need to invest significant sums in R&D to produce high-quality and cutting-edge navigational, measuring and testing instruments. Spending on R&D has increased as a percentage of revenue over the past five years, as indicated by a small increase in depreciation costs...purchase to read more.

    Additional Insights for the Measuring, Testing & Navigational Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Measuring, Testing & Navigational Equipment Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Having links with suppliers
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Research and development expenditure in the Measuring, Testing & Navigational Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Measuring, Testing & Navigational Equipment Manufacturing Industry?

    Companies in this industry manufacture a variety of measuring, testing and navigational equipment, including navigation instruments, nautical equipment and radars. The equipment is sold to manufacturers, technology development companies, independent laboratories, utilities firms and governments.

    Industry Products
  • Laboratory analytical instruments
  • Aeronautical, detection and navigation equipment
  • Measuring and control equipment
  • Industry Activities
  • Aircraft engine instrument
  • Meteorological instrument
  • Surveying instrument
  • Spectrometer
  • Consumption meter
  • Search, detection, navigation, aeronautical and nautical equipment
  • Radar, radar equipment and GPS device
  • Laboratory analytical instrument
  • Industrial process control equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Research and development expenditure
  • Demand from aircraft, engine and parts manufacturing
  • Government spending on defence

  • Current Performance
  • Diverse demand
  • Downstream industries
  • Efficiency trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Measured demand
  • External rivals
  • Table: Measuring, Testing & Navigational Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Measuring, Testing & Navigational Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Technical Testing & Analysis
  • Defence Activities
  • Public Order and Safety Activities

  • Key Selling Industries
  • Manufacturing

  • Products & Services
  • Measuring and control equipment
  • Laboratory analytical instruments
  • Aeronautical, detection and navigation equipment
  • Chart: Measuring, Testing & Navigational Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturers and technology development companies
  • Academic and commercial laboratories
  • Government, national security and law enforcement departments
  • Other
  • Chart: Major Market Segmentation for the Measuring, Testing & Navigational Equipment 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 Measuring, Testing & Navigational Equipment Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Measuring, Testing & Navigational Equipment 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 Measuring, Testing & Navigational Equipment 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 Measuring, Testing & Navigational Equipment 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)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Global Positioning System (Gps)
  • A satellite-based navigation system made up of a network of 24 satellites sent into orbit by the US Department of Defense.
  • Meteorological
  • Pertaining to atmospheric phenomena, especially the weather and weather conditions.
  • Metrology
  • The science of measurement.
  • Spectrometer
  • An instrument used to measure the properties of light over a specific portion of the electromagnetic spectrum.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Measuring, Testing & Navigational Equipment Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-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
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    This report on Measuring, Testing & Navigational Equipment 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 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 Measuring, Testing & Navigational Equipment 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 Measuring, Testing & Navigational Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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