Aerospace Pressure Gauge Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 18.41 Million |
| Market Size (2029) | USD 21.30 Million |
| CAGR (2024 - 2029) | 2.95 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Aerospace Pressure Gauge Market Analysis
The Aerospace Pressure Gauge Market size is estimated at USD 18.41 million in 2024, and is expected to reach USD 21.30 million by 2029, growing at a CAGR of 2.95% during the forecast period (2024-2029).
Rising demand for new aircraft due to the growing number of air travelers creates demand for aircraft parts and components, which drives the market's growth. An aircraft has several instruments that inform the pilot about the aircraft’s condition and flight situations by measuring pressure. The pressure-sensing instruments are installed in the flight group and the engine group. These components can be either remote sensing or direct reading. These are the most critical instruments on the aircraft and accurately inform the pilot to maintain safe operations.
An increase in demand for new aircraft and growing investment in aircraft modernization programs drive market growth. There are different types of pressure gauges, such as fuel pressure gauges, hydraulic pressure gauges, manifold pressure gauges, oil pressure gauges, and others used in an aircraft. An aircraft fuel pressure gauge is a device that measures and reports the quantity of fuel remaining in a vehicle's tank(s). Thus, the growing expansion of the aviation sector will drive market growth in the coming years. On the other hand, issues related to pointer deviation and fuzzy dial numbers created errors that affected the flight test. Such factors hamper market growth.
Aerospace Pressure Gauge Market Trends
Digital Pressure Gauge Will Showcase Significant Growth During the Forecast Period
The digital pressure gauges segment is estimated to have remarkable growth during the forecast period. These are used to convert the pressure to an electronic signal. The gauge shows the pressure using a digital display. Furthermore, the signal can be used to control equipment. Newbow Aerospace provides an innovative range of digital tire pressure checking gauges calibrated to an accuracy of +/-0.4% FS. For instance, in November 2022, DLA Aviation issued a solicitation for dial pressure gauges used in the HH-60 aircraft. The NSN 6685-00-074-2288 pressure gauge is anodized aluminum with a Beryllium copper element. It ranges from 0 to 20 PSI, marked in 5 psi increments. DLA announced they would procure 37 of these gauges annually for an estimated 185 units. The total value of the contract was estimated at USD 800,000. Thus, growing investments in developing such innovative products propel market growth.
Furthermore, growing air traffic, rising investment in aircraft systems modernization, and increasing spending on research and development in aviation boost the market growth. According to the International Air Transport Association report, the aviation sector witnessed a strong recovery after the pandemic. The overall number of air passengers will reach 4.0 billion by 2024. Hence, rising spending on procuring new aircraft and growing aircraft modernization programs drive the market growth during the forecast period.
Asia Pacific is Projected to Show Highest Growth During the Forecast Period
Asia-Pacific is projected to show remarkable growth during the forecast period. The growth is due to a rising number of air passengers, a growing number of airports, and increasing expenditure on the aviation sector from emerging economies such as China and India. In Asia-Pacific, major countries like China, India, Japan, and Singapore plan to construct new airports and expand existing ones. An increasing number of airports leads to rising demand for aircraft components, thus driving the market's growth.
In February 2020, the Indian government announced that 100 new airports would be built by 2024. This will create demand for various aerospace components such as pressure gauges, temperature gauges, sensors, and other systems. Furthermore, in June 2022, the Indian Government announced that the country will have 33 additional cargo terminals by 2024-2025. Thus, rising disposable income, rapid urbanization, and growing investment in constructing new airports will improve the opportunities to accommodate more aircraft and consequently lead to a massive demand for aerospace parts and systems, driving the market's growth.
Aerospace Pressure Gauge Industry Overview
The aerospace pressure gauge market is fragmented due to the presence of several suppliers who provide various types of pressure gauges. Some prominent players in the market are UMA, Inc., Ahlers Aerospace, Inc., Davtron, Inc., L3Harris Technologies, Inc., and Alcor, Inc.
With the growing competition in the industry, the key OEMs are focusing on developing innovative solutions for the aviation sector. For instance, in October 2022, Meggitt PLC launched a long-range wireless tire pressure gauge for aviation, iPRESS. It would be available for a range of Beechcraft and Cessna products. The new gauge will enhance user experience while verifying inflation pressure through a Wireless Tire Pressure Sensor (WTPS) and a new tire pressure status feature. Thus, rising investment in innovative technologies and increased spending on research and development from critical players will boost market growth during the forecast period.
Aerospace Pressure Gauge Market Leaders
Ahlers Aerospace, Inc.
Alcor Inc.
L3Harris Technologies Inc
Davtron Inc
UMA, Inc.
*Disclaimer: Major Players sorted in no particular order
Aerospace Pressure Gauge Market News
In August 2023, Meggitt PLC announced that it received a Supplemental Type Certificate (STC) for iPRESSTM, a long-range wireless tire pressure gauge for aviation. iPRESS is available for various aircraft.
In November 2022, DLA Aviation issued a solicitation for dial pressure gauges used in the HH-60 aircraft. The gauge is NSN 6685-00-074-2288, made of anodized aluminum with a Beryllium copper element. It ranges from 0 to 20 psi, marked in 5 psi increments. It’s 4″ in diameter with a 3.6″ depth.
Aerospace Pressure Gauge Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters 5 Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Analog
5.1.2 Digital
5.2 By Application
5.2.1 Commercial Aviation
5.2.2 Military Aviation
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Germany
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 UMA Inc.
6.2.2 Ahlers Aerospace Inc.
6.2.3 L3Harris Technologies, Inc.
6.2.4 Davtron Inc.
6.2.5 Alcor, Inc.
6.2.6 HYDRO SYSTEMS KG
6.2.7 NMG Aerospace
6.2.8 Meggitt PLC
6.2.9 Unison Industries LLC
6.2.10 CIRCOR Aerospace
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aerospace Pressure Gauge Industry Segmentation
A pressure gauge measures the intensity of gas, fluid, water, or steam in a pressure-powered machine to ensure no leaks or pressure changes.
The aerospace pressure gauge market is segmented based on type, application, and geography. By type, the market is segmented into analog and digital. By application, the market is classified into commercial aviation and military aviation. The report also covers the market sizes and forecasts for the aerospace pressure gauge market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| By Type | |
| Analog | |
| Digital |
| By Application | |
| Commercial Aviation | |
| Military Aviation |
| By Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Aerospace Pressure Gauge Market Research FAQs
How big is the Aerospace Pressure Gauge Market?
The Aerospace Pressure Gauge Market size is expected to reach USD 18.41 million in 2024 and grow at a CAGR of 2.95% to reach USD 21.30 million by 2029.
What is the current Aerospace Pressure Gauge Market size?
In 2024, the Aerospace Pressure Gauge Market size is expected to reach USD 18.41 million.
Who are the key players in Aerospace Pressure Gauge Market?
Ahlers Aerospace, Inc., Alcor Inc., L3Harris Technologies Inc, Davtron Inc and UMA, Inc. are the major companies operating in the Aerospace Pressure Gauge Market.
Which is the fastest growing region in Aerospace Pressure Gauge Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aerospace Pressure Gauge Market?
In 2024, the North America accounts for the largest market share in Aerospace Pressure Gauge Market.
What years does this Aerospace Pressure Gauge Market cover, and what was the market size in 2023?
In 2023, the Aerospace Pressure Gauge Market size was estimated at USD 17.87 million. The report covers the Aerospace Pressure Gauge Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerospace Pressure Gauge Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aerospace Pressure Gauge Industry Report
Statistics for the 2024 Aerospace Pressure Gauge market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aerospace Pressure Gauge analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
