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    Search, Detection, Navigation & Guidance System Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 5/17/2021
    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 Technologies (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 at a CAGR of about 3% between 2019 - 2023, expected to reach $2.1 trillion by the end of the period, according to Deloitte. Driven by the aging fleet and increasing demand from Asia-Pacific, the Middle East, and Latin America, commercial aerospace demand is expected to grow as forecasts anticipate more than 5,000 regional jets will be acquired during the next 20 years.

    The US search, detection, and navigation equipment manufacturing industry includes about 550 companies with combined annual revenue of about $50 billion. Production of GPS equipment is covered in the Wireless Telecommunications Equipment Manufacturing industry profile.


    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 ...

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