Lacking direction: An expected decrease in exports will slow revenue

The Navigational Instrument Manufacturing industry in Canada supplies a range of technical and analytical devices to client industries, such as the defence, transportation and manufacturing industries. Over the five years to 2019, import competition has eroded the industry's domestic presence. The current period has been characterized by exports' share of revenue rising from just over one-third to over one-half of industry output. However, this turn to foreign demand leaves the industry vulnerable to factors that affect trade activity. Over the five years to 2024, the industry is expected to reverse course due to an expected decrease in exports and a concomitant increase in import penetration due to a projected recovery in the value of the loonie...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
3.6%
Forecast Growth 19-24
Profit
Employment
4,742
Businesses
134
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Changes in the relative prices of Canadian exports have a large effect on the performance of the industry
  • Operators serve diverse downstream markets
  • Increasing exports offset declining domestic demand
  • Industry Report - Industry Key Buyers Chapter

    The Navigational Instrument Manufacturing industry in Canada exhibits a low level of market share concentration. The seven largest operators are projected to represent just over 10.0% of the overall market in 2019. Despite some concentration among the largest players, the industry is highly diverse and manufactures a range of analytical and measuring devices for various downstream client industries, which makes it highly competitive. Some industry operators focus on manufacturing instruments used in defence, such as navigational sensors and aeronautical instruments. Others specialize in naval equipment or sporting goods, which is a much smaller segment of industry operations due to their lower price points. The industry is, therefore, more fragmented in some segments more than others. The...purchase to read more.

    Additional Insights for the Navigational Instrument Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Navigational Instrument Manufacturing Industry are

  • Business expertise
  • Access to the latest technology
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Demand from professional, scientific and technical services in the Navigational Instrument Manufacturing industry impact industry performance..

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    What's in this report

    What is the Navigational Instrument Manufacturing Industry?

    This industry primarily manufactures navigational, measuring and control instruments. Its products include aeronautical instruments, radar systems, driftmeters, sonar systems and equipment, flight recorders, bearing and situation instruments, wheel position indicators and transmitters primarily for aircrafts and marine vessels.

    Industry Products
  • Radar apparatus
  • Radio apparatus
  • Aeronautical navigation and guidance systems
  • Parts and accessories
  • Industry Activities
  • Manufacturing search and detection systems
  • Manufacturing sonar systems and equipment
  • Manufacturing situation and bearing instruments
  • Manufacturing navigational and guidance instruments
  • Manufacturing gyroscopes and gyrocompasses
  • Manufacturing distance measuring equipment
  • Manufacturing bank and turn indicators and components
  • Manufacturing other aeronautical navigational systems
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Demand from professional, scientific and technical services
  • Government expenditure and investment
  • Research and development expenditure
  • Total value of world trade

  • Current Performance
  • Heavy reliance on exports
  • Import competition looms
  • Chart: Revenue Growth

  • Industry Outlook
  • Navigating trade
  • Industry structure
  • Table: Navigational Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Navigational Instrument Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing In Canada
  • Laboratory Supply Wholesaling in Canada
  • Electronic Part & Equipment Wholesaling in Canada
  • Jewellery & Watch Wholesaling in Canada
  • Diagnostic & Medical Laboratories in Canada

  • Key Selling Industries
  • Electrical Equipment Manufacturing in Canada
  • Glass Product Manufacturing in Canada
  • Manufacturing In Canada
  • Plastic Pipe & Parts Manufacturing in Canada

  • Products & Services
  • Radar apparatus
  • Radio apparatus
  • Aeronautical navigation and guidance systems
  • Parts and accessories
  • Other
  • Chart: Navigational Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Marine sector
  • Commercial aerospace manufacturers
  • Defence sector
  • Computer and electronic product manufacturing
  • Other
  • Chart: Major Market Segmentation for the Navigational Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Navigational Instrument Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Navigational Instrument Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Navigational Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Navigational Instrument Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Government spending on defence (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Avionics
  • Electronics used on aircraft, artificial satellites and spacecraft.
  • Microfluidics
  • The design and manufacture of very small devices that deal with volumes of fluid on the order of nanolitres or picolitres.
  • Research And Development (R&D)
  • Creative work undertaken by a company to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Navigational Instrument Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Navigational Instrument Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Navigational Instrument Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Navigational Instrument Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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