Destination ahead: Industry exports will grow due to a depreciating loonie
Navigational instrument manufacturers have exhibited hiccups over the period stemming from the pandemic and import penetration. Even so, having a diverse product line and selling to a variety of markets has shielded companies from major declines. Overall, revenue is expected to fall at a CAGR of 1.7% to $2.1 billion over the next five years, including a 2.7% rise in 2023 alone, with profit reaching 12.3% in 2023.
The Navigational Instrument Manufacturing industry in Canada 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's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Raytheon Technologies Corporation
Methodology
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