IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Navigational Instrument Manufacturing in Canada Industry Data and Analysis
Navigational instrument manufacturers have navigated a fluctuating landscape, marked by both challenges and opportunities. While diverse product lines spanning defence, marine, aerospace and electronic sectors have provided a cushion against major revenue swings, fierce competition and high production costs have facilitated modest revenue gains. The industry benefited from an expansion in Canadian defence spending, which drove greater spending in downstream markets. Spending on navigational aids was boosted by environmental regulations and marine investments. Still, challenges such as labour shortages, increased regulatory costs and rising transportation costs have affected the broader manufacturing sector. Navigational instrument manufacturers have also faced supply chain disruptions, limiting access to key inputs such as metals and semiconductors. IBISWorld expects revenue to climb at a CAGR of 2.8% to $2.6 billion through the end of 2026.
Access this data your way
The Navigational Instrument Manufacturing in Canada Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Navigational Instrument Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Navigational Instrument Manufacturing industry in Canada operates under the NAICS industry code 33451aCA. The Canadian Navigational Instrument Manufacturing industry primarily manufactures navigational, measuring and control instruments. Its products include aeronautical instruments, radar systems, sonar systems and equipment, flight recorders, bearing and situation instruments and wheel position indicators and transmitters, primarily for aircraft and marine vessels. Related terms covered in the Navigational Instrument Manufacturing industry in Canada include avionics, microfluidics and research and development (r&d).
What's included in this industry?
Products and services covered in Navigational Instrument Manufacturing industry in Canada include Radar apparatus, Radio apparatus and Aeronautical navigation and guidance systems.
What companies are included in this industry?
Companies covered in the Navigational Instrument Manufacturing industry in Canada include Raytheon Technologies Corporation, L3Harris Technologies Inc. and Ultra Electronics Holdings PLC.
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 Navigational Instrument Manufacturing industry in Canada.
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 Navigational Instrument Manufacturing industry in Canada.
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 Navigational Instrument Manufacturing industry in Canada.
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 Navigational Instrument Manufacturing industry in Canada. 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 Navigational Instrument Manufacturing industry in Canada. 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 Navigational Instrument Manufacturing industry in Canada. 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 Navigational Instrument Manufacturing industry in Canada. 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 Navigational Instrument Manufacturing industry in Canada.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Navigational Instrument Manufacturing industry in Canada in 2026?
The market size of the Navigational Instrument Manufacturing industry in Canada is $2.6bn in 2026.
How many businesses are there in the Navigational Instrument Manufacturing industry in Canada in 2026?
There are 135 businesses in the Navigational Instrument Manufacturing industry in Canada, which has declined at a CAGR of 0.6 % between 2021 and 2026.
How may import tariffs affect the Navigational Instrument Manufacturing industry in Canada?
The Navigational Instrument Manufacturing industry in Canada 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 Navigational Instrument Manufacturing industry in Canada?
The Navigational Instrument Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Navigational Instrument Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Navigational Instrument Manufacturing industry in Canada has been growing at a CAGR of 2.8 % between 2021 and 2026.
What is the forecast growth of the Navigational Instrument Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Navigational Instrument Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Navigational Instrument Manufacturing industry in Canada?
The biggest companies operating in the Navigational Instrument Manufacturing industry in Canada are Raytheon Technologies Corporation, L3Harris Technologies Inc. and Ultra Electronics Holdings PLC
What does the Navigational Instrument Manufacturing industry in Canada include?
Manufacturing search and detection systems and Manufacturing sonar systems and equipment are part of the Navigational Instrument Manufacturing industry in Canada.
Which companies have the highest market share in the Navigational Instrument Manufacturing industry in Canada?
The company holding the most market share in the Navigational Instrument Manufacturing industry in Canada is Raytheon Technologies Corporation.
How competitive is the Navigational Instrument Manufacturing industry in Canada?
The level of competition is high and increasing in the Navigational Instrument Manufacturing industry in Canada.
Cut through the noise with intelligence you can trust
