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Measuring, Testing & Navigational Instrument Manufacturing in the US
IBISWorld, May 2009, Pages: 48
This industry comprises establishments primarily engaged in manufacturing navigational, measuring, electromedical, and control instruments. Examples of products made by these establishments are 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.
Introduction
Measuring success
Strong demand from the medical sectors is a good gauge of growth but profits are falling off the radar due to higher component and manufacturing costs, particularly from China. Getting the competitive edge comes down to new product technologies, as success in this industry is reliant on patents, trademarks, copyrights, trade secrets and confidentiality agreements to establish and protect proprietary technology and new product innovations.
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