Torque Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Torque Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • July 2020 •
  • 119 pages •
  • Report ID: 5949632 •
  • Format: PDF
The global torque sensor market grew at a CAGR of around 8% during 2014-2019.

Torque sensor, or torque transducer, refers to an electronic device that is designed to detect, monitor, record and regulate rotational and linear forces exerted on it. It converts mechanical input into an electrical signal and is commonly used in electric motors, rotors, gearboxes, craft shifts, crankshafts, engines and other rotating devices to ensure optimal performance of the entire system. Super acoustic wave (SAW), strain gauge, optical, magnetoelastic and piezoelectric torque sensors are the most common variants available in the market. They find extensive applications across various industries, including automotive, aerospace, defense, healthcare, agriculture and mining.

Significant growth in the automotive industry and the increasing demand for high-performance hybrid and electric automobiles are among the key factors that are creating a positive outlook for the market. Torque sensors are fitted into the steering column in the electric power steering (EPS) system to improve the fuel and energy efficiency of the vehicle. Apart from this, it is also used for real-time torque management, engine and chassis performance measurement and energy transmission of the automobile. Furthermore, widespread adoption of torque sensors by industrial robots for product testing is also providing a boost to the market growth. Various technological advancements, such as the development of rotary sensors with minimal weight, electrical noise, high stiffness and improved response time, are contributing to the market growth. The production of non-contact and wireless optical torque sensors with greater sensitivity and electrical passiveness, along with the emergence of medical robots, are some of the other factors projected to drive the market further. Looking forward, the analyst expects the global torque sensor market to continue its moderate growth during the next five years.

Breakup by Type:
Rotary Torque Sensor
Reaction Torque Sensor

Breakup by Technology:
Surface Acoustic Wave (SAW)
Optical
Strain Gauge
Others

Breakup by Application:
Aerospace and Defense
Automotive
Testing and Measurement
Healthcare
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Applied Measurements Ltd., Crane Electronics Inc., Datum Electronics Ltd. (Indutrade AB), FUTEK Advanced Sensor Technology Inc., Hitachi Ltd., Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH (Spectris plc), Infineon Technologies AG, Kistler Holding AG, Norbar Torque Tools Ltd. (Snap-on Incorporated), PCB Piezotronics Inc. (MTS Systems Corporation), etc.

Key Questions Answered in This Report:
How has the global torque sensor market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global torque sensor industry?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global torque sensor market and who are the key players?
What is the degree of competition in the industry?