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(MoneyNewsWire.Net, July 17, 2018 ) Navigational, measuring, electromedical and control instruments manufacturing industry include carbon and graphite product, general electrical equipment and component, search, detection, and navigation instruments, automatic environmental control, industrial process variable instruments, totalizing fluid meter and counting device, electricity and signal testing instruments, analytical laboratory instrument, watch, clock, measuring device and magnetic and optical media.
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The global navigational, measuring, electromedical and control instruments manufacturing market was valued at $360 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than half of the global market. The market saw a growth as the smartwatches are now gaining popularity among the watch users due to its multifunctional activities. A smartwatch is a wearable device that offers various features to its users such as calculations, translations, messaging, and health tracking, and is directly connected to internet.
The market in the report is segmented into: search, detection & navigation instruments, automatic environmental control, industrial process variable instruments, totalizing fluid meter & counting device, electricity & signal testing instruments, analytical laboratory instrument. watch, clock & measuring device and magnetic & optical media.
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China was the largest country accounting for almost one-third of the global navigational, measuring, electromedical and control instruments manufacturing market.
The top five competitors in the market are: Agilent Technologies followed by Siemens Medical Solutions, Boeing, Thermo Fisher Scientific and Medtronic plc. Agilent Technologies is an American public research, development and manufacturing company established in 1999 as a spin-off from Hewlett-Packard. he company provides analytical instruments, software, services and consumables for the entire laboratory workflow. Agilent focuses its products and services on six markets: food, environmental and forensics, pharmaceutical, diagnostics, chemical and energy, and research.
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