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 - Industry Analysis Chapter
The industry encompasses a wide range of products and many end-user markets. Industry operators manufacture many types of instruments, including test, measurement, control, search, detection and navigational equipment. These instruments are used in laboratory, industry, air traffic control, national security, defence, utility and household applications. Industry revenue is expected to increase by 0.8% in 2016-17, and IBISWorld estimates that the industry will grow at a compound annual rate of 2% over the five years through 2016-17 to reach £8.8 billion. Growth has been largely driven by the rising value of exports. However, this has been partly offset by declining domestic demand and a rise in import penetration. Ind.. purchase to read more