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Europe Torque Sensor Market Size, Share & Trends Analysis Report By Type, By Application, By Technology (Strain Gauge, Magnetoelastic, Surface Acoustic Wave, and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 135 Pages
  • April 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5017733
The Europe Torque Sensor Market would witness market growth of 7.1% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 1,769.2 thousand units, showcasing a growth of 17.8% (2020-2023).

Reaction Torque Sensors are specialized devices designed to measure the reaction torque generated in a system when a force is applied. Unlike Rotary Torque Sensors that measure torque directly on a rotating shaft, Reaction Torque Sensors are often used in static or non-rotating applications where torque is produced as a reaction to an applied force. These sensors are commonly employed in testing equipment, industrial machinery, and research environments to gauge the torque exerted during various processes. Hence, the Germany market consumed 170.21 thousand units in 2023.



The Germany market dominated the Europe Torque Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $999.3 million by 2031. The UK market is exhibiting a CAGR of 6.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8% during (2024 - 2031).

In the manufacturing industry, these sensors are utilized for torque monitoring, process control, and quality assurance in machining, assembly, and tightening operations. Accurately measuring torque enables manufacturers to detect abnormalities, prevent equipment failures, and ensure product integrity. Additionally, these sensors are deployed in robotics for force feedback control, torque regulation, and collision avoidance, enhancing the efficiency and safety of robotic systems.

Furthermore, the market is characterized by several noteworthy trends and innovations shaping its trajectory and driving technological advancements. One prominent trend is the miniaturization of these sensors, facilitated by advancements in microelectromechanical systems (MEMS) technology and materials science. Miniaturized sensors offer advantages such as reduced size, weight, and power consumption, making them ideal for space-constrained automotive, aerospace, and robotics applications.

As per the data from the International Trade Administration, the latest available data (December 2022) show that in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 782,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 1,335,487 new cars, 9.5% fewer than in the prior year, were registered in 2022. Additionally, In the UK, aircraft manufacturing is a key industry within the aerospace sector. These sensors play a crucial role in ensuring the precise assembly of aircraft components, such as engines, wings, and landing gear. As per the International Trade Administration, the aerospace sector in the United Kingdom is export-driven and ranks second largest globally, after the United States. Civil aerospace revenue in the United Kingdom reached an estimated $34.5 billion in 2022. The defense industry achieved an approximate turnover of $29 billion in 2022, of which $15 billion was allocated for exports. Thus, the growing aerospace and automotive sectors in Europe will boost the expansion of the regional market.

Based on Type, the market is segmented into Rotary Torque Sensors, and Reaction Torque Sensors. Based on Application, the market is segmented into Automotive, Aerospace & Defense, Test & Measurement, Industrial, and Others. Based on Technology, the market is segmented into Strain Gauge, Magnetoelastic, Surface Acoustic Wave, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • Honeywell International, Inc.
  • ABB Ltd.
  • Amphenol Corporation (PCB Piezotronics, Inc.)
  • Sensor Technology Ltd.
  • FUTEK Advanced Sensor Technology, Inc.
  • TE Connectivity Ltd.
  • ATI Industrial Automation, Inc. (Novanta, Inc.)
  • Spectris PLC (HBM)
  • Interface, Inc.
  • Datum Electronics Ltd. (Indutrade AB)

Market Report Segmentation

By Type (Volume, Thousand Units, USD Billion, 2020-31)
  • Rotary Torque Sensors
  • Reaction Torque Sensors
By Application (Volume, Thousand Units, USD Billion, 2020-31)
  • Automotive
  • Aerospace & Defense
  • Test & Measurement
  • Industrial
  • Others
By Technology (Volume, Thousand Units, USD Billion, 2020-31)
  • Strain Gauge
  • Magnetoelastic
  • Surface Acoustic Wave
  • Others
By Country (Volume, Thousand Units, USD Billion, 2020-31)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Torque Sensor Market, by Type
1.4.2 Europe Torque Sensor Market, by Application
1.4.3 Europe Torque Sensor Market, by Technology
1.4.4 Europe Torque Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Torque Sensor Market by Type
4.1 Europe Rotary Torque Sensors Market by Country
4.2 Europe Reaction Torque Sensors Market by Country
Chapter 5. Europe Torque Sensor Market by Application
5.1 Europe Automotive Market by Country
5.2 Europe Aerospace & Defense Market by Country
5.3 Europe Test & Measurement Market by Country
5.4 Europe Industrial Market by Country
5.5 Europe Others Market by Country
Chapter 6. Europe Torque Sensor Market by Technology
6.1 Europe Strain Gauge Market by Country
6.2 Europe Magnetoelastic Market by Country
6.3 Europe Surface Acoustic Wave Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Torque Sensor Market by Country
7.1 Germany Torque Sensor Market
7.1.1 Germany Torque Sensor Market by Type
7.1.2 Germany Torque Sensor Market by Application
7.1.3 Germany Torque Sensor Market by Technology
7.2 UK Torque Sensor Market
7.2.1 UK Torque Sensor Market by Type
7.2.2 UK Torque Sensor Market by Application
7.2.3 UK Torque Sensor Market by Technology
7.3 France Torque Sensor Market
7.3.1 France Torque Sensor Market by Type
7.3.2 France Torque Sensor Market by Application
7.3.3 France Torque Sensor Market by Technology
7.4 Russia Torque Sensor Market
7.4.1 Russia Torque Sensor Market by Type
7.4.2 Russia Torque Sensor Market by Application
7.4.3 Russia Torque Sensor Market by Technology
7.5 Spain Torque Sensor Market
7.5.1 Spain Torque Sensor Market by Type
7.5.2 Spain Torque Sensor Market by Application
7.5.3 Spain Torque Sensor Market by Technology
7.6 Italy Torque Sensor Market
7.6.1 Italy Torque Sensor Market by Type
7.6.2 Italy Torque Sensor Market by Application
7.6.3 Italy Torque Sensor Market by Technology
7.7 Rest of Europe Torque Sensor Market
7.7.1 Rest of Europe Torque Sensor Market by Type
7.7.2 Rest of Europe Torque Sensor Market by Application
7.7.3 Rest of Europe Torque Sensor Market by Technology
Chapter 8. Company Profiles
8.1 Datum Electronics Ltd. (Indutrade AB)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.2 Honeywell International, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 ABB Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Amphenol Corporation (PCB Piezotronics, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Sensor Technology Ltd.
8.5.1 Company Overview
8.6 FUTEK Advanced Sensor Technology, Inc.
8.6.1 Company Overview
8.7 TE Connectivity Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 ATI Industrial Automation, Inc. (Novanta, Inc.)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 Interface, Inc.
8.9.1 Company Overview
8.10. Spectris PLC (HBM)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis

Companies Mentioned

  • Honeywell International, Inc.
  • ABB Ltd.
  • Amphenol Corporation (PCB Piezotronics, Inc.)
  • Sensor Technology Ltd.
  • FUTEK Advanced Sensor Technology, Inc.
  • TE Connectivity Ltd.
  • ATI Industrial Automation, Inc. (Novanta, Inc.)
  • Spectris PLC (HBM)
  • Interface, Inc.
  • Datum Electronics Ltd. (Indutrade AB)

Methodology

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