Press release
Measuring and Control Instruments Market is Projected to Reach $925.4 Billion by 2023 | Top Key Players Agilent Technologies; Siemens Medical Solutions; Boeing; Thermo Fisher Scientific; Medtronic plc
Measuring and Control Instruments Market
The global measuring and control instruments market is expected to decline from $759.2 billion in 2019 to $745.9 billion in 2020 at a compound annual growth rate (CAGR) of -1.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $925.4 billion in 2023.
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The navigational, measuring, electro medical and control instruments, and other components manufacturing market consists of sales of navigational, measuring, electro medical and control instruments, and other components by entities (organizations, sole traders and partnerships) that produce navigational, measuring, electromedical, and control instruments. Examples of products made by these establishments are aeronautical instruments, appliance regulators and controls (except switches), laboratory analytical instruments, navigation and guidance systems, and physical properties testing equipment. This market includes sales of carbon, graphite, and metal graphite brushes and brush stock; carbon or graphite electrodes for thermal and electrolytic uses; carbon and graphite fibers; and other carbon, graphite, and metal-graphite products.
OEMs are increasingly moving product design and development processes to EMS partners. Product design is being outsourced to reduce overall costs and shift from fixed costs to variable costs. EMS companies are offering more design services for sub-assemblies and finished products. OEMS are collaborating with EMS partners and moving into new models such as joint design manufacturing (JDM) and outsourced design manufacturing (ODM). JDM model is further divided into high touch JDM and low touch JDM. High touch JDM is limited to DFx and valor analysis, whereas low touch JDM include board design and development. ODM model focuses on qualification and system integration testing, thus indicating a shift in electronic equipment manufacturing process.
Measuring and Control Instruments Market Segmentation: -
By Type
Other Electrical Equipment, Electronic Products And Component Manufacturing
Navigational, Measuring, Electro Medical And Control Instruments Manufacturing
By Application
Medical
Electronic
Oil & Gas
Consumer Goods
Chemicals
Others
By Sales Channel
OEM
Aftermarket
By Mode
Online
Offline
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Measuring and Control Instruments Market Characteristics
4. Measuring and Control Instruments Market Product Analysis
5. Measuring and Control Instruments Market Supply Chain
.....
20. Measuring and Control Instruments Market Competitive Landscape
21. Key Mergers And Acquisitions In The Measuring and Control Instruments Market
22. Market Background: Measuring and Control Instruments Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the Measuring and Control Instruments Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Measuring and Control Instruments Market are Agilent Technologies; Siemens Medical Solutions; Boeing; Thermo Fisher Scientific; Medtronic plc
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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