The industry produces an extensive range of products used by a wide range of industries. Products include laboratory analytical instruments, measuring equipment, meteorological instruments, radar equipment, navigational equipment, and surveying equipment. This equipment is used by sectors such as manufacturing, health, mineral resources, and information and communication. Research institutions, such as biological science laboratories, also use the industry's equipment.
In recent years, the industry benefited from an increase in total research and development (R&D) expenditure by businesses, the government, higher education and not-for-profit organisations.
The industry includes firms that manufacture measuring, drafting, meteorological, surveying or other professional or scientific instruments or equipment, watches, clocks or other timing instruments.
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.