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2024 U.S. Industry Statistics & Market Forecast - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Search, Detection, Navigation, Guidance, Aeronautical & Nautical System & Instrument Manufacturing industry has witnessed a number of key trends in recent years, primarily driven by advances in technology and changing market demands.One major trend is the increasing use of data analytics and artificial intelligence in navigation and guidance systems. As more and more data is collected and analyzed from various sources, including sensors and GPS, companies are developing sophisticated algorithms to optimize routes and fuel consumption for airlines and shipping companies.
Another trend is the continued growth of unmanned aerial systems (UAS) or drones, which are now being used in a variety of applications ranging from military and surveillance to commercial and consumer uses. This has created new opportunities for companies that manufacture UAS-related components and systems.
Additionally, environmental concerns and new regulations are driving innovation in the development of more fuel-efficient and environmentally-friendly systems, such as advanced fuel measurement and remote sensing technologies.
Finally, there is an increasing focus on cybersecurity in the industry, particularly in relation to navigation systems and the potential threat of cyber attacks on critical infrastructure. Companies are investing heavily in the development of secure systems and protocols to protect against potential threats.
Overall, the Search, Detection, Navigation, Guidance, Aeronautical & Nautical System & Instrument Manufacturing industry is undergoing significant technological innovations, driven by a combination of changing market demands, regulatory requirements, and advances in digital technologies.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 10% | |||
| Business Operations Specialists | 8% | |||
| Computer and Mathematical Occupations | 14% | |||
| Computer Occupations | 14% | |||
| Software and Web Developers, Programmers, and Testers | 10% | |||
| Software Developers | 9% | |||
| Architecture and Engineering Occupations | 19% | |||
| Engineers | 15% | |||
| Office and Administrative Support Occupations | 8% | |||
| Production Occupations | 25% | |||
| Assemblers and Fabricators | 14% | |||
| Electrical, Electronics, and Electromechanical Assemblers | 10% | |||
| Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers | 10% | |||
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing industry. |
Source:
Innovation News
- Feb 29, 2024: Anello Photonics patents Silicon Nitride Waveguide Based Integrated Photonics Front-end Chip For Optical Gyroscope
- Jan 12, 2024: Sea Machines Robotics raises $14 million in funding.
- Jan 11, 2024: Echodyne patents Antenna Unit With Phase-shifting Modulator, And Related Antenna, Subsystem, System, And Method
- Jan 11, 2024: Echodyne patents Antenna Unit With Phase-shifting Modulator, And Related Antenna, Subsystem, System, And Method
- Aug 31, 2023: Psionic raises $6 million in funding.
- Aug 29, 2023: Rieker Instrument trademarks "RIEKER TOTAL SOLUTIONS" - Instruments that measure changes in inclination or acceleration
- Aug 22, 2023: Rieker Instrument trademarks "R" - Instruments that measure changes in inclination or acceleration
- Jul 07, 2023: Echodyne trademarks "ECHOSHIELD" - Radar apparatus; radar apparatus parts
- Jun 13, 2022: Echodyne raises $134 million in funding.
Recent Federal Contracts for Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing- Apr 02, 2024: CHELTON AVIONICS INC (Prescott, AZ) awarded $964,547
- Apr 02, 2024: RAYTHEON COMPANY (Marlborough, MA) awarded $69,279
- Apr 02, 2024: SMITHS DETECTION, INC. (Edgewood, MD) awarded $526,230
- Apr 02, 2024: ANDOYA SPACE CENTER AS (Andenes, ) awarded $9,500,000
- Apr 01, 2024: RAYTHEON COMPANY (Fullerton, CA) awarded $499,874
- Apr 01, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $17,856
- Apr 02, 2024: CHELTON AVIONICS INC (Prescott, AZ) awarded $964,547
- Apr 02, 2024: RAYTHEON COMPANY (Marlborough, MA) awarded $69,279
- Apr 02, 2024: SMITHS DETECTION, INC. (Edgewood, MD) awarded $526,230
- Apr 02, 2024: ANDOYA SPACE CENTER AS (Andenes, ) awarded $9,500,000
- Apr 01, 2024: RAYTHEON COMPANY (Fullerton, CA) awarded $499,874
- Apr 01, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $17,856
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