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          1. Search, Detection, Navigation & Guidance System Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/13/2020
            SIC Codes: 3812
            NAICS Codes: 334511
            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 Search, Detection, Navigation & Guidance System Manufacturing Industry Profile

            Companies in this industry make products such as aircraft instruments, flight recorders, navigational instruments, and radar and sonar systems. Major companies include FLIR and divisions of defense contractors such as Boeing, General Dynamics, Northrop Grumman, and Raytheon (all based in the US), as well as Airbus Group (the Netherlands), BAE Systems (the UK), Bharat Electronics (India), China Aerospace Times Electronics (China), Furuno Electric (Japan), and Thales (France).

            Top countries for the manufacture of search, detection, navigation, and guidance systems include China, France, the UK, and the US. Global aerospace and defense revenue, a key demand driver for search, detection, navigation, and guidance systems, is forecast to rise about 4% in 2018, according to Deloitte. Driven by stronger global GDP growth and rising passenger traffic, commercial aerospace demand is expected to expand 4.8%. Revenue for the defense aerospace sector is expected to increase 3.6% amid the rise in global security threats and renewed focus on strengthening the US military.

            The US search, detection, and navigation equipment manufacturing industry includes about 450 companies with combined annual revenue of about $45 billion. Production of GPS equipment is covered in the Wireless Telecommunications Equipment Manufacturing industry profile.

            COMPETITIVE LANDSCAPE

            Demand depends on discretionary consumer income, general economic conditions, and federal budgets for defense and homeland security. Large companies have advantages in purchasing power, manufacturing volume, and distribution efficiencies. Small companies compete by offering specialized products and providing ...

             
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