Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.6 % over the past five years, to reach an estimated $37.0bn in 2024.
Trends and Insights
The industry products are widely used in many industries
- The Scientific Instrument Manufacturing industry in China provides instruments and equipment for the production of various electronic apparatus, automobiles, motorcycles, machine tools, machinery and other equipment.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Demand for the industry products will continue growing
- Scientific instruments are an important part of the information sector, which includes measuring technology. Scientific instruments are widely used in traditional industries to equip and restructure the measuring and controlling of technical processes.
Biggest companies in the Scientific Instrument Manufacturing in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Huayu Automotive Systems Company Limited | 24,516.5 | |
Xi'an Petroleum Exploration Instrument Complex | 770.4 | |
Focused Photonics (Hangzhou) Inc. | 489.7 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Automotive instruments and other meters, Instruments for measuring and testing electricity and Navigational, meteorological and marine apparatus. Automotive instruments and other meters is the largest segment of the Scientific Instrument Manufacturing in China.
Trends and Insights
Automotive instruments and other meters generate the most revenue
- Automotive instruments and other meters make up the largest product segment in the industry, accounting for an expected 30.0% of total revenue in 2024.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Manufacturing environmental controls for measuring and testing air and water contaminationManufacturing automotive instruments and other metersManufacturing navigational, meteorological and marine apparatusManufacturing meter apparatus for farming, forestry and fishingManufacturing geologic prospecting and earthquake-use instrumentsManufacturing teaching apparatus Manufacturing nucleon and nuclear radiation measuring instrumentsManufacturing instruments for measuring and testing electricity and electrical signalsCompanies
Huayu Automotive Systems Company LimitedXi'an Petroleum Exploration Instrument ComplexFocused Photonics (Hangzhou) Inc.Purchase this report to view all 10 major companies in this industry.
Related Terms
METEOROLOGICALVOLTMETERSRESEARCH AND DEVELOPMENT (R&D)Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Demand for scientific instruments has significantly increased. The growth of this demand has driven the rapid development of the scientific instrument manufacturing industry
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Automotive instruments and other meters generate the most revenue. Industry from this product segment account for 30% of total revenue in 2024.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry activity is concentrated in Jiangsu province, Zhejiang province, Shanghai and Guangdong province. Revenue from these province account for 33.5%, 8.8%, 8.0% and 6.6% ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Firms that have the ability to manufacture scientific instruments according to different applications can have an advantage in the market, particularly for specialized product...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
As domestic firms in their respective countries dominate their local scientific instrument industries, this has limited the level of globalization of this industry in China to...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Huayu Automotive Systems Company Limited's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Xi'an Petroleum Exploration Instrument Complex's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Focused Photonics (Hangzhou) Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for Huayu Automotive Systems Company Limited, and factors influencing its performance in the industry
- Description and key data for Xi'an Petroleum Exploration Instrument Complex, and factors influencing its performance in the industry
- Description and key data for Focused Photonics (Hangzhou) Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
There are various import tariffs applicable for different scientific instruments brought into China. This helps to protect the Chinese industry as foreign prices are raised a...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Due to strong global and Chinese demand for raw materials over the past five years, raw material prices, particularly for steel and copper, have increased substantially.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Scientific Instrument Manufacturing industry in China in 2024?
The market size of the Scientific Instrument Manufacturing industry in China is $37.0bn in 2024.
How many businesses are there in the Scientific Instrument Manufacturing in China industry in 2024?
There are 1,059 businesses in the Scientific Instrument Manufacturing industry in China, which has declined at a CAGR of 0.1 % between 2019 and 2024.
Has the Scientific Instrument Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Scientific Instrument Manufacturing industry in China has been growing at a CAGR of 0.6 % between 2019 and 2024.
What is the forecast growth of the Scientific Instrument Manufacturing industry in China over the next 5 years?
Over the next five years, the Scientific Instrument Manufacturing industry in China is expected to grow.
What are the biggest companies in the Scientific Instrument Manufacturing market in China?
The biggest companies operating in the Scientific Instrument Manufacturing market in China are Huayu Automotive Systems Company Limited, Xi'an Petroleum Exploration Instrument Complex and Focused Photonics (Hangzhou) Inc.
What does the Scientific Instrument Manufacturing in China include?
Manufacturing environmental controls for measuring and testing air and water contamination and Manufacturing automotive instruments and other meters are part of the Scientific Instrument Manufacturing industry.
Which companies have the highest market share in the Scientific Instrument Manufacturing in China?
The company holding the most market share in China is Huayu Automotive Systems Company Limited.
How competitive is the Scientific Instrument Manufacturing industry in China?
The level of competition is moderate and increasing in the Scientific Instrument Manufacturing industry in China.
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Competitors
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Complementors
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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