Pressure Sensor Manufacturing - Industry Market Research Report

Pressure Sensor Manufacturing - Industry Market Research Report

  • February 2019 •
  • 35 pages •
  • Report ID: 5103669 •
  • Format: PDF
Under pressure: Downstream market demand will rise, but import penetration threatens growth

Abstract

Pressure Sensor Manufacturing
The Pressure Sensor Manufacturing industry is highly globalized and serves a broad range of downstream manufacturing industries. Technological advancements have improved pressure sensor performance and reliability, broadening the application of pressure sensors in new markets and supporting industry growth over the past five years. Over the five years to 2019, IBISWorld estimates that industry revenue will grow. However, the industry is expected to contend with declining levels of profitability as industry wages are projected to outpace revenue during the five-year period. Exports have been a key market for pressure sensor manufacturers over the past five years. Exports share of industry revenue is expected to increase during the five-year period due to a declining trade weighted index, which measures the value of the US dollar among other major currencies. Rising demand for pressure sensors in new and existing manufacturing markets is expected to underpin industry growth over the next five years. Over the five years to 2024, industry revenue is forecast to rise. Rising demand for pressure sensors in consumer electronics, such as smartphones, and rebounding activity from sectors like utilities construction will boost revenue growth during the period.

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.
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