Pressure Sensor Manufacturing in the US - Industry Market Research Report
Description
Pressure Sensor Manufacturing in the US
Pressure sensor manufacturers produce devices that measure fluid, gas and mechanical pressure for a broad range of automotive and medical device manufacturers and the oil and gas, consumer electronics, HVAC, military and aerospace industries. Technological advancements have improved the performance of pressure sensors, making them more reliable and broadening their applications to serve new markets. In particular, the application of microelectromechanical (MEMS) pressure sensors, which have advanced microprocessors and electrical components that permit greater functionality and efficiency in a smaller, cost-effective design, have been a key revenue driver. However, drops in demand from the vehicle manufacturing sector, the largest buyer of pressure sensors, led to losses the industry has yet to fully recover from. As a result, revenue is estimated to weaken at a CAGR of 0.4% to $1.8 billion over the past five years, including a 0.5% drop in 2023 alone.
Pressure sensor manufacturers produce 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.
Pressure sensor manufacturers produce devices that measure fluid, gas and mechanical pressure for a broad range of automotive and medical device manufacturers and the oil and gas, consumer electronics, HVAC, military and aerospace industries. Technological advancements have improved the performance of pressure sensors, making them more reliable and broadening their applications to serve new markets. In particular, the application of microelectromechanical (MEMS) pressure sensors, which have advanced microprocessors and electrical components that permit greater functionality and efficiency in a smaller, cost-effective design, have been a key revenue driver. However, drops in demand from the vehicle manufacturing sector, the largest buyer of pressure sensors, led to losses the industry has yet to fully recover from. As a result, revenue is estimated to weaken at a CAGR of 0.4% to $1.8 billion over the past five years, including a 0.5% drop in 2023 alone.
Pressure sensor manufacturers produce 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.
Table of Contents
46 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
