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Navigational Instrument Manufacturing in Virginia - Industry Market Research Report

  • ID: 4659509
  • Report
  • September 2018
  • Region: United States
  • 21 pages
  • IBISWorld
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Treading water: Despite increasing defense spending, the industry will remain stagnant

FEATURED COMPANIES

  • Geodesicx Inc.
  • Harris Corporation
  • Kelvin Hughes Ltd.
  • MORE

Navigational Instrument Manufacturing in Virginia

The Navigational Instrument Manufacturing industry in Virginia has contracted as a result of declining downstream demand and the overall decline of the manufacturing sector in the state. The industry's key markets have scaled back investment in navigational and analytical instruments, controls and devices. Over the five years to 2018, both US defense spending and demand from geophysical services have exhibited declines. Moreover, the decline in defense spending has hit the industry hard as a great deal of downstream demand is sourced from defense contractors. As a result of these trends, industry operations have contracted. Over the five years to 2023, the Navigational Instrument Manufacturing industry in Virginia is expected to remain stagnant despite increasing defense spending. In addition, demand for geophysical services is also projected to exhibit revived demand due to a projected rise in oil and gas exploration activity.

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Geodesicx Inc.
  • Harris Corporation
  • Kelvin Hughes Ltd.
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • Northrop Grumman Corporation
  • Harris Corporation
  • Kelvin Hughes Ltd.
  • Geodesicx Inc.
Note: Product cover images may vary from those shown
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