Cleveland-Think of gaskets and seals as a window on the world of manufacturing.
According to the new Gaskets & Seals study by the Freedonia Group, domestic demand for gaskets and seals will decelerate from recent growth levels of 8.6% to 5.6% by 2003, reflecting a production-growth slowdown in major OEM markets-including motor vehicle, industrial machines, and electrical equipment. Still, the study forecasts a rise in demand to $7.3 billion, inclusive of price increases.
The study predicted several bright spots for gaskets and seals. The strongest growth will likely occur in the aerospace market, fueled by rising demand for civilian and military aircraft. It also foretells strong growth in the maintenance-repair-and-operations (MRO) market with the aging of the installed base of machinery and equipment, which grew during the long economic expansion.
In terms of product types, the best growth prospects will be for high-performance products such as mechanical face seals, rotary oil seals, and non-metallic gaskets made from advanced materials.
Digital healthcare devices and wearable electronic products need to be thoroughly tested, lest they live short, ignominious lives, an expert will tell attendees at UBM’s upcoming Designers of Things conference in San Jose, Calif.
Designers of electronic interfaces will need to be prepared to incorporate haptics in next generation products, an expert will tell attendees at the upcoming Designers of Things conference in San Jose, Calif.
The company says it anticipates high-definition video for home security and other uses will be the next mature technology integrated into the IoT domain, hence the introduction of its MatrixCam devkit.
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