Pressure sensor market sees bright spots

Demand for pressure transmitters and transducers is expected to grow faster in the U.S. life sciences and automotive markets than in any other market segment consuming pressure transmitters and transducers, according to Venture Development Corp. (VDC). "More than $40 billion is spent annually on biotech and pharmaceutical industry research.

03/01/2003


Natick, MA - Demand for pressure transmitters and transducers is expected to grow faster in the U.S. life sciences and automotive markets than in any other market segment consuming pressure transmitters and transducers, according to Venture Development Corp. (VDC).

'More than $40 billion is spent annually on biotech and pharmaceutical industry research. That spending includes a wide range of test, instrumentation and process control equipment incorporating pressure transmitters,' says Jim Taylor, VDC's director of industrial automation and control practices.

VDC's report indicates pressure transmitter and transducer market demands include:

  • Biotech industry investment in research and development equipment and programs incorporating pressure sensing, monitoring and control requirements;

  • Biotech industry development of commercial systems and subsystems that include the use of pressure transmitters and transducers; and

  • Pharmaceutical industry investments in R&D and process control equipment.

Additionally, automotive applications are expected to offer pressure component suppliers solid booking opportunities.

'One of the highest growth prospects, both in rate of growth and total dollar volume, is expected for automotive vehicle application of pressure transducers. Auto makers, and their subsystem suppliers, are incorporating pressure sensing in a wide range of new applications,' adds Mr. Taylor.

For example, tire pressure monitoring systems (TMPS) are gaining popularity as a result of U.S. government efforts to mandate tire pressure standards. The 2000 Transportation Recall Enhancement, Accountability, and Documentation Act (TREAD) states that all new vehicles must meet a tire monitor standard by the fall of 2003. In a TMPS, drivers are notified of low tire pressure and other tire maintenance activities.

For more information, visit www.vdc-corp.com/components/works/br02-38.html





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