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Measuring, Testing & Navigational Equipment Manufacturing in the UK: Market Research Report

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

Measuring, Testing & Navigational Equipment Manufacturing Market Research Report | SIC C26.510 | Sep 2016

Measured approach: Growth has been supported by innovation and an upturn in industrial activity

IBISWorld’s Measuring, Testing & Navigational Equipment Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£9bn
Annual Growth 12-17
2.0%
Annual Growth 17-22
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Profit
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Employment
59,471
Businesses
2,075
Industry Analysis & Industry Trends

Businesses in the Measuring, Testing and Navigational Equipment Manufacturing industry rely heavily on innovation for their survival and success. The industry encompasses a wide variety of products, with some product markets dominated by a few global companies. Industry growth is influenced by conditions in downstream markets, including manufacturing, research and development, defence and national security. In the United Kingdom, there are several successful companies pioneering world-leading technology. However, some domestic production capacity has been downsized or closed in favour of manufacturing in countries where markets are larger or production costs are lower.

The UK industry is expected to grow at a compound annual rate of 2% over the five years through 2016-17... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has high barriers to entry for a number of reasons. The industry is characterised by a high technological base and change, highly skilled employees and high levels of investment in R&D. Many incumbents have developed technologies that provide patented products. On the other hand, a new company could potentially enter the market with new technology that overtakes incumbents.

Customers usually require very high-quality products and they often look to proven manufacturers. There can be high costs involved where equipment is ineffective or fails. For example, a defective radar could cause aircraft to crash. If .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Measuring, Testing & Navigational Equipment Manufacturing Industry?

Companies in this industry manufacture a variety of measuring, testing and navigational equipment, including navigation instruments, nautical equipment and radars. The equipment is sold to manufacturers, technology development companies, independent laboratories, utilities firms and governments.

Industry Products
Laboratory analytical instrumentsAeronautical, detection and navigation equipmentMeasuring and control equipment
 
Industry Activities
Aircraft engine instrumentMeteorological instrumentSurveying instrumentSpectrometerConsumption meterSearch, detection, navigation, aeronautical and nautical equipmentRadar, radar equipment and GPS deviceLaboratory analytical instrumentIndustrial process control equipment


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