Scientific Instrument Manufacturing in China - Industry Market Research Report

Scientific Instrument Manufacturing in China - Industry Market Research Report

Scientific Instrument Manufacturing in China

The Scientific Instrument Manufacturing industry is a supporting industry to many important upstream industries in the Chinese economy. Scientific instruments have a variety of applications in agriculture, traffic, science, environmental protection, national defense, education and other fields. The industry also plays an essential role in the continued development of China into a technologically advanced society. Industry revenue is expected to fall at an annualized 0.2% over the five years through 2022, to total $34.8 billion. As output of automobile instrument and environmental monitoring instruments decline, industry revenue decreased by 2.4% in 2019. In 2020, the COVID-19 pandemic negatively affected market demand both domestically and internationally. Industry revenue is therefore expected to have declined by 3.2% in 2020. In 2021, as the COVID-19 pandemic has been gradually controlled, participants in the industry have returned to normal production. Industry revenue is therefore expected to rise by 1.9% during the current year.

Businesses in the Scientific Instrument Manufacturing industry manufacture special professional-use instruments and apparatus. Products include environmental control instruments; automotive instruments and other meters; navigational, meteorological and marine apparatus; meter apparatus for farming, forestry and fishing; geologic prospecting and earthquake-use instruments; and teaching apparatus.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.