Navigational Instrument Manufacturing in Canada
Over the five years to 2017, import competition has eroded the industry's domestic presence. Foreign manufacturers, particularly in the United States and China, have taken advantage of lower labour costs and favourable trade policies to produce competing products at lower price points.As a result, domestic production has contracted. Over the five years to 2017, industry revenue is expected to decrease. Over the next five years, the industry is expected to continue its fall due to an expected decrease in exports and a concomitant increase in import penetration. Without export growth to stymie decline, the industry will likely decline faster than during the current period when export growth was robust.
This industry primarily manufactures navigational, measuring and control instruments. Its products include aeronautical instruments, radar systems, driftmeters, sonar systems and equipment, flight recorders, bearing and situation instruments, wheel position indicators and transmitters primarily for aircrafts and marine vessels.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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