Navigational Instrument Manufacturing in the US
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. However, a strong dollar has increased import competition and negatively affected industry revenue over the past five years. Over the five years to 2023, industry revenue is forecast to continue growing, albeit slowly.
The Navigational Instrument Manufacturing 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 (except GPS) 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.