Share
Global Digital Barometer Market Size, Share, and Analysis, By Modality (Hand-held, Wall-mounted, Table-top), By Sensor Type (Optical Barometers, Resonant Silicon Barometers, Piezoresistive Barometers, Capacitive Barometers, Others), By Sales Channel (Offline Retail, Online Retail), By Application (Aerospace and Defence, Consumer Electronics, Weather Forecasting, Industrial Automation, Automotive, Healthcare, Others), By End User (Pharmaceutical Companies, Winery and Breweries, Research Laboratories, Meteorological Departments, Academic Institutes, Oil & Gas Industries, Aviation, Transportation, Others) and Regional Forecasts, 2022-2032
Global Digital Barometer Market size was USD 1 billion in 2021 and projected to grow from USD 1.1 billion in 2023 to USD 1.5 billion by 2032, exhibiting a CAGR of 3.6% during the forecast period.
Digital barometer is device which is used to calculate the atmospheric pressure and it usually contains portable, small, battery-operated sensor connected to digital display. The capability to produce real-time data related to weather conditions is the main objective of digital barometers which can aid people in preparing in certain hazardous conditions. Certain features like modern styling, long life, good precision and availability at low cost are making digital barometers popular.
Global Digital Barometer Market is expected to reach USD 1.5 billion, growing at a CAGR of 3.6% during forecast period owing to the advancements in digital barometer technologies which is expected to drive the demand for digital barometer market. Increasing research activities in laboratories and meteorological departments utilizing the hand-held digital barometers may drive market growth. Wall-mounted digital barometers include several advanced features which aid in monitoring the atmospheric pressure.
Global Digital Barometer Market is classified based on the End User into Pharmaceutical Companies, Research Laboratories, Meteorological Departments, Academic Institutes, Oil & Gas Industries, Winery and Breweries, Aviation, Transportation, Others. Meteorological Departments segment dominated the market on 2021 due to the necessity of measuring atmospheric pressure by the department which resulted in market growth. Pharmaceutical Companies segment is anticipated to dominate the market over the forecast period owing to the improvisation of manufacturing processes by including automation technology like robotics which may drive market growth.
Global Digital Barometer Market is classified based on the Modality into Hand-held, Wall-mounted, Table-top. Wall-mounted segment dominated the market in 2021 due to the advantage of these barometers which can be mounted on walls or windows and making them convenient for measuring the atmospheric pressure values. Hand-held segment is expected to dominate the market in the forecast period owing to the presence of several benefits like portability, ability to present real-time readings and budget friendly nature which are anticipated to drive the growth of segment in the market.
Growing Demand for Predicting Weather is Expected to Boost the Market Growth
The demand for weather forecasting is increasing from several industries like transportation, aviation, agriculture etc. and this is resulting in the increased demand for digital barometers. Growing requirement for precise and timely weather information is expected to create demand for the growth of digital barometers, which are crucial for calculating the atmospheric pressure and forecasting the weather patterns. Advancements in technology related to sensors have resulted in evolution of exact and dependable digital barometers and had led to developments in miniaturization, resolution and sensitivity of sensors, thereby improving the performance of digital barometer.
Increasing Requirement for Electronics is Expected to Boost the Market Growth
The demand and necessity for consumer electronics including weather monitoring features is growing. Digital barometers are being combined to smart home systems and Internet of Things devices which permit the users to observe and regulate atmospheric pressure by receiving real-time data on weather conditions via the devices connected, improving the ease and permitting the data-driven decision-making. Digital barometers are included into wearables, smartphones, and other devices to access information about atmospheric pressure and actual weather data.
Lack of Awareness May Restrain the Growth of the Market
The minimal awareness on digital barometers and lack of understanding related to the advantages and applications associated with digital barometers is anticipated to restrain the growth of the market. Certain digital barometers have limitations in extreme environmental conditions which results in the performance of digital barometers and may hamper market growth.
Global Digital Barometer Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the market in 2021 and is expected to continue its dominance over the forecast period due to the presence of several research laboratories in this region. The growing funding and expenditure on research and development activities along with the biotechnology is anticipated to drive the demand for growth of digital barometer market in this region during the forecast period.
The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed travel restrictions and lockdown measures to control the spread of virus. COVID-19 had resulted in increased curiosity in weather monitoring due to the people spending most of the time in outdoor activities nearby home which created demand for portable digital barometers. The focus on monitoring indoor air quality to prevent the spread of virus had increased. Covid-19 had a positive impact on the growth of the Global Digital Barometer market.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2032 |
|
Base Year |
2022 |
|
Forecast Period |
2022-2032 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 3.6% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Modality |
|
|
Sensor Type |
|
|
Sales Channel |
|
|
Application |
|
|
End User |
|
|
By Region |
|
Global Digital Barometer Market size was estimated at USD 1 billion in 2021 and is expected to reach USD 1.5 billion in 2032.
Pharmaceutical Companies and Hand-held segment accounted for the highest growth rate in the Global Digital Barometer market.
Leading players: Dwyer Instruments, Inc., Omega Engineering, Inc., Ametek, Inc., Met One Instruments, Inc, TSI Incorporated, KIMO Instruments, Fluke Corporation, Setra Systems, Inc., Vaisala Corporation, Testo SE & Co. KGaA and Other Prominent Players are the leading players in the Global Digital Barometer Market.
Growing Demand for Predicting Weather and Increasing Requirement for Electronics are the factors driving the Global Digital Barometer market.
Lack of Awareness and proper understanding on the advantages associated with digital barometers are the challenges associated with the Global Digital Barometer Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
