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Electronic & Optical Equipment Repair in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Electronic & Optical Equipment Repair Market Research Report | SIC C33.130 | Apr 2017

Good optics: The industry's steady growth is expected to slow marginally in the current year

IBISWorld’s Electronic & Optical Equipment Repair market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£757m
Annual Growth 13-18
3.1%
Annual Growth 18-23
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Profit
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Employment
3,861
Businesses
344
Industry Analysis & Industry Trends

The industry has performed well during the past five years. Industry revenue is estimated to increase at a compound annual rate of 3.1% over the five years through 2017-18. The key markets for operators are health-care providers, aviation and transportation industries, engineering companies and industrial firms. Rising demand for health-care services in the United Kingdom and improvements in aircraft maintenance, repair and overhaul (MRO) activity expanded demand for industry services. However, industrial production activity remained weak and constrained industry expansion. Growth in business capital spending also curtailed growth, as many downstream firms replaced ageing equipment with new equipment that have longer service intervals and need less repair work... purchase to read more

Industry Report - Industry Analysis Chapter

The Electronic and Optical Equipment Repair industry has recorded moderate growth during the past five years. Industry revenue is estimated to grow at a compound annual rate of 3.1% over the five years through 2017-18 to £757.3 million. Increases in demand for health-care services and growth in aircraft MRO activity promoted demand. Nevertheless, lacklustre levels of industrial production activity hindered demand from certain downstream industries, such as industrial engineering and other industrial firms. Higher business capital spending levels during many years also constrained demand, as newer pieces of equipment generally have longer services intervals and require less repair work to be carried out on them.

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Industry ProductsRelated ReportsTable of Contents

What is the Electronic & Optical Equipment Repair Industry?

Firms in this industry repair and maintain a range of measuring, testing and navigating equipment, such as aircraft engine instruments, surveying equipment, radiation detectors and monitoring instruments. They also deal with irradiation, electromedical and electrotherapeutic equipment such as MRI scanners and pacemakers; and optical instruments and equipment like binoculars and microscopes.

Industry Products
Medical equipment repair and maintenanceNavigational and control equipment repair and maintenanceOptical equipment repair and maintenance
 
Industry Activities
Repairing aircraft engine instruments Repairing automotive emissions testing equipment Repairing meteorological instruments Repairing magnetic resonance imaging scannersRepairing medical ultrasound equipment Repairing hearing aids and pacemakers Repairing binoculars, microscopes and telescopes


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