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          1. Control, Electromedical, Measuring & Navigational Instruments Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/22/2020
            SIC Codes: 3812, 3822, 3823, 3824, 3825, 3826, 3829, 3842, 3844, 3873
            NAICS Codes: 3345
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Control, Electromedical, Measuring & Navigational Instruments Manufacturing Industry Profile

            Companies in this industry segment manufacture navigational, measuring, electromedical, and control instruments, including aeronautical instruments, appliance regulators and controls, analytical lab instruments, navigation and guidance systems, and various types of testing equipment. Major companies include Agilent Technologies, Danaher, Honeywell, L-3 Communications, Medtronic, Northrop Grumman, Raytheon, and Thermo Fisher Scientific (all based in the US), as well as ABB (Switzerland) and Siemens (Germany).

            China, the US, and Germany are the largest producers of control, electromedical, measuring, and navigational instruments. Companies in the industry are targeting emerging markets such as China, India, and the Middle East for growth.

            The US control, electromedical, measuring, and navigational instruments industry includes about 5,200 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $140 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by technological advancements, as well as growth in primary end markets such as aerospace and medical services. The profitability of individual companies depends on continuous, rapid product development. Large companies enjoy economies of scale in manufacturing, broad product lines, and established distribution relationships. Small companies can compete effectively by developing advanced or specialized technology, or by subcontracting for larger firms. The US industry is concentrated: the 50 largest companies generate more than 60% of industry revenue.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Search, detection, navigation, and guidance instruments account for the largest portion of industry revenue (about 32%), followed by electromedical equipment (20%) and lab instruments (13%). Other products include electrical ...

             
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