The invention provides a method and system for measurement using a telescopic gauge. The measurement system for determining dimensions of a measurement zone of a physical asset is presented. The system includes a telescoping gauge configured to determine one or more analog measurements corresponding to the measurement zone of the physical asset, where the telescoping gauge includes a sliding arm and a vertical arm. Furthermore, the system includes a data digitizer operatively coupled to the telescoping gauge and configured to convert the one or more analog measurements to corresponding one or more digital measurements. In addition, the system includes a wireless unit operatively coupled to the telescoping gauge and configured to wirelessly transmit the one or more digital measurements.