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. In 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.
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.
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.