Control, Electromedical, Measuring & Navigational Instruments Manufacturing
Description
Companies in this industry segment manufacture navigational, measuring, electromedical, and control instruments, including aeronautical instruments, appliance regulators and controls, analytical lab instruments, navigation and guidance systems, and various types of testing equipment. Major companies include Agilent Technologies, Danaher, Honeywell, L3Harris, Medtronic, Northrop Grumman, Raytheon Technologies, and Thermo Fisher Scientific (all based in the US), as well as ABB (Switzerland) and Siemens (Germany).
The Asia-Pacific region is the largest market for control, electromedical, measuring, and navigational instruments. Smart cities are one of the key factors to the growth of the industry, with China, India, and the EU as the top emerging countries.
The US control, electromedical, measuring, and navigational instruments industry includes about 5,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $150 billion.
COMPETITIVE LANDSCAPE
Demand is driven by technological advancements, as well as growth in primary end markets such as aerospace and medical services. The profitability of individual companies depends on continuous, rapid product development. Large companies enjoy economies of scale in manufacturing, broad product lines, and established distribution relationships. Small companies can compete effectively by developing advanced or specialized technology, or by subcontracting for larger firms. The US industry is concentrated: the 50 largest companies generate more than 60% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include search, detection, navigation, and guidance instruments (about 50%); analytical and scientific instruments (about 20%); and aeronautical, nautical, and navigational instruments (more than 10%). Other products include irradiation, physical properties testing, and inspection equipment.
Manufacturing of control, electromedical, measuring, and navigational instruments spans a vast array of products and processes. Products may be stock or built-to-order. Some companies contract out subassembly work and configure and test final products in-house. Raw materials and parts used in the manufacturing process include printed circuit boards; receivers; transmitters; semiconductors; liquid crystal displays; miscellaneous components and accessories for electronic circuitry; sheet metal; and other metal assemblies, primarily of aluminum and steel. Companies conduct quality control assessments throughout the manufacturing process, from inspection of raw materials to testing of purchased assemblies to inspection of the final product.
The Asia-Pacific region is the largest market for control, electromedical, measuring, and navigational instruments. Smart cities are one of the key factors to the growth of the industry, with China, India, and the EU as the top emerging countries.
The US control, electromedical, measuring, and navigational instruments industry includes about 5,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $150 billion.
COMPETITIVE LANDSCAPE
Demand is driven by technological advancements, as well as growth in primary end markets such as aerospace and medical services. The profitability of individual companies depends on continuous, rapid product development. Large companies enjoy economies of scale in manufacturing, broad product lines, and established distribution relationships. Small companies can compete effectively by developing advanced or specialized technology, or by subcontracting for larger firms. The US industry is concentrated: the 50 largest companies generate more than 60% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include search, detection, navigation, and guidance instruments (about 50%); analytical and scientific instruments (about 20%); and aeronautical, nautical, and navigational instruments (more than 10%). Other products include irradiation, physical properties testing, and inspection equipment.
Manufacturing of control, electromedical, measuring, and navigational instruments spans a vast array of products and processes. Products may be stock or built-to-order. Some companies contract out subassembly work and configure and test final products in-house. Raw materials and parts used in the manufacturing process include printed circuit boards; receivers; transmitters; semiconductors; liquid crystal displays; miscellaneous components and accessories for electronic circuitry; sheet metal; and other metal assemblies, primarily of aluminum and steel. Companies conduct quality control assessments throughout the manufacturing process, from inspection of raw materials to testing of purchased assemblies to inspection of the final product.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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