PUBLISHER: Allied Market Research | PRODUCT CODE: 1344365
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344365
According to a new report published by Allied Market Research, titled, "Navigational, Measuring, Electro Medical And Control Instruments Market," The navigational, measuring, electro medical and control instruments market was valued at $5.2 billion in 2022, and is estimated to reach $8.7 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
The emergence of advanced technologies like GPS and satellite-based navigation systems has also contributed to the growth of the navigational instruments market. Factors such as rise in prevalence of chronic diseases and increase in demand for innovative medical devices that improve patient outcomes are driving the navigational, measuring, electromedical, and control instruments market demand. The emergence of telemedicine and home healthcare is also creating opportunities for the growth of the navigational, measuring, electromedical, and control instruments market.
Numerous benefits associated with environment monitoring, such as preventing occupational diseases, improving the company's public image, and reducing environmental pollution are the lucrative factors that boost the growth of the navigational, measuring, electromedical, and control instruments market. In addition, rise in health concern and increase in deaths due to rise in pollution levels and surge in the need for better resource management drive the growth of the market. In addition, ongoing installation of environmental monitoring sensors and development of environmentally friendly industries propels the growth of the market. However, high product costs and slow implementation of pollution control reforms in emerging countries are expected to impede market growth.
For the purpose of analysis, the navigational, measuring, electromedical, and control instruments market scope covers segmentation based on type, application, and region. The report provides information on various types including navigational instruments, automatic environmental control, industrial process variable instruments, totalizing fluid meter, and others. Furthermore, the major applications covered in the study include medical, electronics, oil and gas, consumer goods, chemical, and others. In addition, it analyzes the current market trends across different regions such as North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). consumer goods, chemical
The key players operating in the navigational, measuring, electromedical, and control instruments market include Boeing, Siemens, Thermofisher Scientific Inc., Honeywell International Inc., Schneider Electric SE, Hexagon AB, Emerson Electric Co., Medtronic, Agilent Technologies Inc., and Apple Inc.