The industry has performed favourably during the past five years. As a result, industry revenue is estimated to increase at a compound annual rate of 3.1% over the five years through 2015-16. The key markets for operators are health-care providers, aviation and transportation industries, engineering companies and industrial firms. Demand for the industry's services has been supported by the vital nature of many services provided by industry operators. The economic downturn also propelled demand for repair services as operators in some downstream industries chose to repair equipment instead of replacing them.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.