Market Size of Aerospace Pressure Gauge Industry
| 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 |
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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.
