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Measurement and Other Scientific Equipment Manufacturing in Australia Industry Data and Analysis
Like many others like it, the Measurement and Other Scientific Equipment Manufacturing industry has faced significant challenges and opportunities stemming from global trade dynamics and shifting domestic demands. The industry is particularly vulnerable to import competition, with international imports making up more than 90% of domestic demand. The COVID-19 pandemic temporarily disrupted the flow of imports through reduced overseas manufacturing and logistical delays, but imports have resumed their dominance as international conditions stabilised. As imports cover both ends of the market, with high-value offerings from advanced economies like the United States and Germany and more affordable alternatives from countries like China with lower production costs, conditions have remained competitive for local manufacturers. Overall, industry revenue has grown at an annualised 1.2% over the five years through 2024-25 to reach $3.5 billion in the current year, when revenue is anticipated to climb by 1.0%.
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What's included in this industry analysis
IBISWorld's research coverage on the Measurement and Other Scientific Equipment Manufacturing industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Measurement and Other Scientific Equipment Manufacturing industry in Australia operates under the ANZSIC industry code C2419. Industry manufacturers primarily produce navigational, measuring, or other professional and scientific equipment that isn’t classified elsewhere. Manufacturers that produce specialised parts for this equipment are also included in the industry. Related terms covered in the Measurement and Other Scientific Equipment Manufacturing industry in Australia include global positioning system (gps), magnetic resonance imaging (mri) and confocal.
What's included in this industry?
Products and services covered in Measurement and Other Scientific Equipment Manufacturing industry in Australia include Surveying, radar and nautical instruments, Timing instruments, watches and clocks and Laboratory, measuring and scientific equipment.
What companies are included in this industry?
Companies covered in the Measurement and Other Scientific Equipment Manufacturing industry in Australia include Leica Microsystems, Thermo Fisher Scientific and Raytheon.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Measurement and Other Scientific Equipment Manufacturing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Measurement and Other Scientific Equipment Manufacturing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Measurement and Other Scientific Equipment Manufacturing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Measurement and Other Scientific Equipment Manufacturing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Measurement and Other Scientific Equipment Manufacturing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Measurement and Other Scientific Equipment Manufacturing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Measurement and Other Scientific Equipment Manufacturing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Measurement and Other Scientific Equipment Manufacturing industry in Australia.
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Frequently Asked Questions
What is the market size of the Measurement and Other Scientific Equipment Manufacturing industry in Australia in 2026?
The market size of the Measurement and Other Scientific Equipment Manufacturing industry in Australia is $3.5bn in 2026.
How many businesses are there in the Measurement and Other Scientific Equipment Manufacturing industry in Australia in 2025?
There are 792 businesses in the Measurement and Other Scientific Equipment Manufacturing industry in Australia, which has grown at a CAGR of 0.6 % between 2020 and 2025.
How may import tariffs affect the Measurement and Other Scientific Equipment Manufacturing industry in Australia?
The Measurement and Other Scientific Equipment Manufacturing industry in Australia is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Measurement and Other Scientific Equipment Manufacturing industry in Australia?
The Measurement and Other Scientific Equipment Manufacturing industry in Australia is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Measurement and Other Scientific Equipment Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Measurement and Other Scientific Equipment Manufacturing industry in Australia has been growing at a CAGR of 1.2 % between 2020 and 2025.
What is the forecast growth of the Measurement and Other Scientific Equipment Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Measurement and Other Scientific Equipment Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Measurement and Other Scientific Equipment Manufacturing industry in Australia?
The biggest companies operating in the Measurement and Other Scientific Equipment Manufacturing industry in Australia are Leica Microsystems, Thermo Fisher Scientific and Raytheon
What does the Measurement and Other Scientific Equipment Manufacturing industry in Australia include?
Surveying, radar and nautical instruments and Timing instruments, watches and clocks are part of the Measurement and Other Scientific Equipment Manufacturing industry in Australia.
Which companies have the highest market share in the Measurement and Other Scientific Equipment Manufacturing industry in Australia?
The company holding the most market share in the Measurement and Other Scientific Equipment Manufacturing industry in Australia is Leica Microsystems.
How competitive is the Measurement and Other Scientific Equipment Manufacturing industry in Australia?
The level of competition is moderate and steady in the Measurement and Other Scientific Equipment Manufacturing industry in Australia.
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