Lucintel’s latest market report analyzed that digital pressure gauge provides attractive opportunities in the aviation and defense, automotive, healthcare, and energy markets. The digital pressure gauge market is expected to reach $719.7 million by 2028 with a CAGR of 3%. In this market, piezoresistive pressure gauge is the largest segment by technology, whereas automotive is largest by application.
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Based on technology, the digital pressure gauge market is segmented into piezoresistive pressure gauge, capacitive pressure gauge, electromagnetic pressure gauge, resonant solid state pressure gauge, and optical pressure gauge. The piezoresistive pressure gauge segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing usage of these gauges in a variety of applications owing to their simplicity and robustness.
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The Digital Pressure Gauge Market is marked by the presence of several big and small players. Some of the prominent players offering digital pressure gauge include HongyI Precision Industries, Digitron Italia, BD Sensors, GE Digital Energy, Automation Product Group, Esders GmbH, BHV sensory, and Gauging System.
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