Technological advancements that have improved pressure sensor performance, reliability and cost effectiveness have broadened the application of pressure sensors in new markets and supported industry growth over the past five years. However, the development of pressure sensor mass-production processes and the strengthening of the US dollar also supported increased import penetration. Rising demand in new and existing manufacturing markets is expected to boost industry performance over the next five years, but competition from foreign manufacturers will continue to limit growth.
Operators in this industry manufacture devices that measure fluid, gas and mechanical pressure for a broad range of downstream manufacturing industries. Key markets include automotive and medical device manufacturing, oil and gas, consumer electronics, HVAC, military and aerospace industries.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.