Measurement and Other Scientific Equipment Manufacturing in Australia - Industry Research Report

Measuring up: Demand from healthcare and defence markets is lifting manufacturers' revenue

Measurement and other scientific equipment manufacturers' revenue is expected to increase at an annualised 2.3% over the five years through 2022-23, hitting an estimated $2.7 billion. This growth has been driven by strong demand from downstream markets. In particular, healthcare, defence and export markets have spurred growth. However, revenue is set to fall by an estimated 4.0% in 2022-23 due to reduced demand from construction firms and inflationary pressures.

Industry firms primarily manufacture navigational, measuring, or other professional and scientific equipment that is not classified elsewhere. Operators that manufacture specialised parts for this equipment are also included in the industry.

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.