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 UK production capacity has been downsized or closed in favour of manufacturing in countries where markets are larger or production costs are lower.
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.
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.