Lacking direction: International competition will continue to challenge the industry

Over the five years to 2017, import competition has eroded the industry's domestic presence. Foreign manufacturers, particularly in the United States and China, have taken advantage of lower labour costs and favourable trade policies to produce competing products at lower price points.As a result, domestic production has contracted. Over the five years to 2017, industry revenue is expected to decrease. Over the next five years, the industry is expected to continue its fall due to an expected decrease in exports and a concomitant increase in import penetration. Without export growth to stymie decline, the industry will likely decline faster than during the current period when export growth was more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Exports staved off decline in the current period, but declining exports in the outlook period signals the industry’s decline
  • Price-sensitive customers have opted for lower-cost imports
  • The industry’s heavy reliance on the export market is not expected to change
  • Industry Report - Industry Products Chapter

    The industry manufactures a range of instruments for an equally diverse set of downstream client industries. Products range in technical sophistication, from simple magnetic compasses to distance measuring equipment and navigation sensors. While the industry manufacturers a broad range of products, the most convenient way to understand the myriad products that operators create is to delineate these products based on their end use.Aerospace navigation and guidance systemsAerospace instruments and systems comprise 59.1% of industry revenue in 2017. These products are primarily used in commercial and defence aircraft and are often modified to fit governmental specifications or varying national standards. Mor...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-dollar 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
  • Other navigation instruments not receiving radio signals
  • Other navigation instruments receiving radio signals
  • Marine navigation and guidance systems
  • Aerospace navigation and guidance systems
  • 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-dollar 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
  • Exports expected to decline
  • Increasing import competition
  • 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
  • Aerospace navigation and guidance systems
  • Marine navigation and guidance systems
  • Other navigation instruments not receiving radio signals
  • Other navigation instruments receiving radio signals
  • Chart: Navigational Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Computer and electronic product manufacturing
  • Marine
  • Commercial aerospace manufacturers
  • Defence
  • 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
  • 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
    L3 Technologies Inc., Raytheon Company, Thales SA, Rockwell Collins Inc.,
  • Table: L3 Technologies Inc. - financial performance
  • Table: Raytheon Company - financial performance
  • Table: Thales SA - financial performance
  • Table: Rockwell Collins Inc. - financial performance

  • 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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • International trips by Canadian residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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

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    IBISWorld’s Navigational Instrument Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
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