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Global Torque Sensor Market, by Type, by Technology, by Application, by Region, Industry Analysis and Forecast, 2019 - 2025

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    Report

  • 221 Pages
  • March 2020
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5017766
Description Jump to:
The Global Torque Sensor Market size is expected to reach $15 billion by 2025, rising at a market growth of 7% CAGR during the forecast period. Torque sensors have multiple uses across various vertical industries, including automotive, manufacturing, and aerospace. Torque sensors can be used to measure the torque on rotating systems which include engines, electric motors, crankshafts, and gearboxes. An increase in the global demand for electric and hybrid vehicles along with a rising need for electric power steering (EPS) systems is influencing the growth of torque sensor market. The torque sensors are suitable for a wide range of applications including, among others, torsional measuring motor dynamometers, machines, fan testing, electric motor testing, hydraulic pump testing.

The installation of torque reaction sensors is cost-effective since they do not consist of slip-rings, bearings or other rotating components. Rotary torque sensors however have high accuracies and RPM ratings (revolutions per minute). Rotary torque sensors can test the electric motor, dynamometer, the gearbox, car engine and measure the train speed. Recently, there have been various advancements in wireless and non-contact torque sensors industry. These include optical torque and magnetoelastic, which are expected to increase torque sensor use in several industries such as robotics.

In the coming years, the torque sensor market size is expected to increase exponentially, powered by the growing need for torque measurement in mechanical and electrical systems. These instruments are mainly used to calculate torque rates in several machineries used in automotive manufacturing, huge production systems, and machines for power generation. Devices such as pumps and turbines integrate these sensors in large quantities to continuously measure and sustain the amount of torque generated to the required level, further supporting demand from the industry. Industrial specifications such as regulation torque measurement ISO 9000 are implemented in all forms of equipment and machinery for quality control.

Based on Type, the market is segmented into Rotary Torque Sensors and Reaction Torque Sensors. Based on Technology, the market is segmented into Strain Gauge, Magnetoelastic, Surface Acoustic Wave and Others. Based on Application, the market is segmented into Automotive, Test & Measurement, Aerospace & Defense, Industrial and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., ABB Group, Infineon Technologies AG, MTS Systems Corporation (PCB Piezotronics, Inc.), Snap-On, Inc. (Norbar Torque Tools), Crane Electronics, Ltd., FUTEK Advanced Sensor Technology, Inc, Applied Measurements Ltd., Kistler Group (Kistler Holding AG), and MagCanica, Inc.

Strategies deployed in Torque Sensor Market

Nov-2019: Snap-On introduced the new SpinTORQ 360 Continuous Rotation Torque Wrench. This wrench is 80 percent faster than the ratcheting hydraulic wrenches.

May-2019: FUTEK released the MBA500 torque and thrust bi-axial load cell. These solutions can be fixed into the motor's end for characterizing the torque and thrust generated from each motor and propeller.

Apr-2019: Kistler teamed up with BIG KAISER, a leader in high precision tooling systems and solutions. Following the collaboration, the former company integrated its rotating dynamometer RCD Type 9171A with the latter company's MEGA New Baby Chuck for providing a high level of accuracy in cutting force measurement.

Apr-2019: ABB collaborated with Komatsu, a company engaged in producing machines. Following the collaboration, ABB aimed to provide its ACS880 multidrive line-up with back-to-back installation, including a common base frame and cabinet roof with back-to-back installation to Komatsu. The multidrive has been embedded with direct torque control and provides faster dynamic performance.

Mar-2019: ABB launched the DCS880 VSDs; a new series of DC variable speed drives (VSDs). The drive has in-built features such as safe torque off that helps in preventing unexpected startup of machinery.

Feb-2019: Kistler opened a new office in Canada for expanding its foothold. The new office is expected to support the automotive sector, which is dependent upon assembly, forming and joining process, with in-depth expertise and launching innovative products.

Nov-2017: Kistler unveiled Schatz mobile testing systems for bolted joint analysis and tool testing in the US market. This system has dual capabilities that integrate calibration of manual torque wrenches with testing of fastening tools.

Sep-2017: Snap-On released ATECH1FS240 and ATECH2CS240, two new Flex-Head TechAngle Micro Torque Wrenches. These wrenches can measure the rolling torque and are useful at the time of checking bearing preload and drag.

Sep-2017: Honeywell launched its newest gasoline turbocharger technology. This technology has increased in power from 90 kW/L to more than 100 kW/L and in torque from 175 Nm/L to more than 200 Nm/L as compared to the previous generation technology.

Scope of the Study

Market Segmentation:

By Type
  • Rotary Torque Sensors
  • Reaction Torque Sensors

By Technology
  • Strain Gauge
  • Magnetoelastic
  • Surface Acoustic Wave
  • Others

By Application
  • Automotive
  • Test & Measurement
  • Aerospace & Defense
  • Industrial
  • Others

By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled
  • Honeywell International, Inc.
  • ABB Group
  • Infineon Technologies AG
  • MTS Systems Corporation (PCB Piezotronics, Inc.)
  • Snap-On, Inc. (Norbar Torque Tools)
  • Crane Electronics, Ltd.
  • FUTEK Advanced Sensor Technology, Inc
  • Applied Measurements Ltd.
  • Kistler Group (Kistler Holding AG)
  • MagCanica, Inc.

Unique Offerings from the Publisher
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  • Highest number of market tables and figures
  • Subscription based model available
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  • Assured post sales research support with 10% customization free

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 Global Torque Sensor Market, by Type
1.4.2 Global Torque Sensor Market, by Technology
1.4.3 Global Torque Sensor Market, by Application
1.4.4 Global Torque Sensor Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Torque Sensor Market by Type
3.1 Global Torque Sensor Rotary Torque Sensors Market by Region
3.2 Global Torque Sensor Reaction Torque Sensors Market by Region
Chapter 4. Global Torque Sensor Market by Technology
4.1 Global Strain Gauge Torque Sensor Market by Region
4.2 Global Magnetoelastic Torque Sensor Market by Region
4.3 Global Surface Acoustic Wave Torque Sensor Market by Region
4.4 Global Other Technology Torque Sensor Market by Region
Chapter 5. Global Torque Sensor Market by Application
5.1 Global Automotive Torque Sensor Market by Region
5.2 Global Test & Measurement Torque Sensor Market by Region
5.3 Global Aerospace & Defense Torque Sensor Market by Region
5.4 Global Industrial Torque Sensor Market by Region
5.5 Global Others Torque Sensor Market by Region
Chapter 6. Global Torque Sensor Market by Region
6.1 North America Torque Sensor Market
6.1.1 North America Torque Sensor Market by Type
6.1.1.1 North America Torque Sensor Rotary Torque Sensors Market by Country
6.1.1.2 North America Torque Sensor Reaction Torque Sensors Market by Country
6.1.2 North America Torque Sensor Market by Technology
6.1.2.1 North America Strain Gauge Torque Sensor Market by Country
6.1.2.2 North America Magnetoelastic Torque Sensor Market by Country
6.1.2.3 North America Surface Acoustic Wave Torque Sensor Market by Country
6.1.2.4 North America Other Technology Torque Sensor Market by Country
6.1.3 North America Torque Sensor Market by Application
6.1.3.1 North America Automotive Torque Sensor Market by Country
6.1.3.2 North America Test & Measurement Torque Sensor Market by Country
6.1.3.3 North America Aerospace & Defense Torque Sensor Market by Country
6.1.3.4 North America Industrial Torque Sensor Market by Country
6.1.3.5 North America Others Torque Sensor Market by Country
6.1.4 North America Torque Sensor Market by Country
6.1.4.1 US Torque Sensor Market
6.1.4.1.1 US Torque Sensor Market by Type
6.1.4.1.2 US Torque Sensor Market by Technology
6.1.4.1.3 US Torque Sensor Market by Application
6.1.4.2 Canada Torque Sensor Market
6.1.4.2.1 Canada Torque Sensor Market by Type
6.1.4.2.2 Canada Torque Sensor Market by Technology
6.1.4.2.3 Canada Torque Sensor Market by Application
6.1.4.3 Mexico Torque Sensor Market
6.1.4.3.1 Mexico Torque Sensor Market by Type
6.1.4.3.2 Mexico Torque Sensor Market by Technology
6.1.4.3.3 Mexico Torque Sensor Market by Application
6.1.4.4 Rest of North America Torque Sensor Market
6.1.4.4.1 Rest of North America Torque Sensor Market by Type
6.1.4.4.2 Rest of North America Torque Sensor Market by Technology
6.1.4.4.3 Rest of North America Torque Sensor Market by Application
6.2 Europe Torque Sensor Market
6.2.1 Europe Torque Sensor Market by Type
6.2.1.1 Europe Torque Sensor Rotary Torque Sensors Market by Country
6.2.1.2 Europe Torque Sensor Reaction Torque Sensors Market by Country
6.2.2 Europe Torque Sensor Market by Technology
6.2.2.1 Europe Strain Gauge Torque Sensor Market by Country
6.2.2.2 Europe Magnetoelastic Torque Sensor Market by Country
6.2.2.3 Europe Surface Acoustic Wave Torque Sensor Market by Country
6.2.2.4 Europe Other Technology Torque Sensor Market by Country
6.2.3 Europe Torque Sensor Market by Application
6.2.3.1 Europe Automotive Torque Sensor Market by Country
6.2.3.2 Europe Test & Measurement Torque Sensor Market by Country
6.2.3.3 Europe Aerospace & Defense Torque Sensor Market by Country
6.2.3.4 Europe Industrial Torque Sensor Market by Country
6.2.3.5 Europe Others Torque Sensor Market by Country
6.2.4 Europe Torque Sensor Market by Country
6.2.4.1 Germany Torque Sensor Market
6.2.4.1.1 Germany Torque Sensor Market by Type
6.2.4.1.2 Germany Torque Sensor Market by Technology
6.2.4.1.3 Germany Torque Sensor Market by Application
6.2.4.2 UK Torque Sensor Market
6.2.4.2.1 UK Torque Sensor Market by Type
6.2.4.2.2 UK Torque Sensor Market by Technology
6.2.4.2.3 UK Torque Sensor Market by Application
6.2.4.3 France Torque Sensor Market
6.2.4.3.1 France Torque Sensor Market by Type
6.2.4.3.2 France Torque Sensor Market by Technology
6.2.4.3.3 France Torque Sensor Market by Application
6.2.4.4 Russia Torque Sensor Market
6.2.4.4.1 Russia Torque Sensor Market by Type
6.2.4.4.2 Russia Torque Sensor Market by Technology
6.2.4.4.3 Russia Torque Sensor Market by Application
6.2.4.5 Spain Torque Sensor Market
6.2.4.5.1 Spain Torque Sensor Market by Type
6.2.4.5.2 Spain Torque Sensor Market by Technology
6.2.4.5.3 Spain Torque Sensor Market by Application
6.2.4.6 Italy Torque Sensor Market
6.2.4.6.1 Italy Torque Sensor Market by Type
6.2.4.6.2 Italy Torque Sensor Market by Technology
6.2.4.6.3 Italy Torque Sensor Market by Application
6.2.4.7 Rest of Europe Torque Sensor Market
6.2.4.7.1 Rest of Europe Torque Sensor Market by Type
6.2.4.7.2 Rest of Europe Torque Sensor Market by Technology
6.2.4.7.3 Rest of Europe Torque Sensor Market by Application
6.3 Asia Pacific Torque Sensor Market
6.3.1 Asia Pacific Torque Sensor Market by Type
6.3.1.1 Asia Pacific Torque Sensor Rotary Torque Sensors Market by Country
6.3.1.2 Asia Pacific Torque Sensor Reaction Torque Sensors Market by Country
6.3.2 Asia Pacific Torque Sensor Market by Technology
6.3.2.1 Asia Pacific Strain Gauge Torque Sensor Market by Country
6.3.2.2 Asia Pacific Magnetoelastic Torque Sensor Market by Country
6.3.2.3 Asia Pacific Surface Acoustic Wave Torque Sensor Market by Country
6.3.2.4 Asia Pacific Other Technology Torque Sensor Market by Country
6.3.3 Asia Pacific Torque Sensor Market by Application
6.3.3.1 Asia Pacific Automotive Torque Sensor Market by Country
6.3.3.2 Asia Pacific Test & Measurement Torque Sensor Market by Country
6.3.3.3 Asia Pacific Aerospace & Defense Torque Sensor Market by Country
6.3.3.4 Asia Pacific Industrial Torque Sensor Market by Country
6.3.3.5 Asia Pacific Others Torque Sensor Market by Country
6.3.4 Asia Pacific Torque Sensor Market by Country
6.3.4.1 China Torque Sensor Market
6.3.4.1.1 China Torque Sensor Market by Type
6.3.4.1.2 China Torque Sensor Market by Technology
6.3.4.1.3 China Torque Sensor Market by Application
6.3.4.2 Japan Torque Sensor Market
6.3.4.2.1 Japan Torque Sensor Market by Type
6.3.4.2.2 Japan Torque Sensor Market by Technology
6.3.4.2.3 Japan Torque Sensor Market by Application
6.3.4.3 India Torque Sensor Market
6.3.4.3.1 India Torque Sensor Market by Type
6.3.4.3.2 India Torque Sensor Market by Technology
6.3.4.3.3 India Torque Sensor Market by Application
6.3.4.4 South Korea Torque Sensor Market
6.3.4.4.1 South Korea Torque Sensor Market by Type
6.3.4.4.2 South Korea Torque Sensor Market by Technology
6.3.4.4.3 South Korea Torque Sensor Market by Application
6.3.4.5 Singapore Torque Sensor Market
6.3.4.5.1 Singapore Torque Sensor Market by Type
6.3.4.5.2 Singapore Torque Sensor Market by Technology
6.3.4.5.3 Singapore Torque Sensor Market by Application
6.3.4.6 Malaysia Torque Sensor Market
6.3.4.6.1 Malaysia Torque Sensor Market by Type
6.3.4.6.2 Malaysia Torque Sensor Market by Technology
6.3.4.6.3 Malaysia Torque Sensor Market by Application
6.3.4.7 Rest of Asia Pacific Torque Sensor Market
6.3.4.7.1 Rest of Asia Pacific Torque Sensor Market by Type
6.3.4.7.2 Rest of Asia Pacific Torque Sensor Market by Technology
6.3.4.7.3 Rest of Asia Pacific Torque Sensor Market by Application
6.4 LAMEA Torque Sensor Market
6.4.1 LAMEA Torque Sensor Market by Type
6.4.1.1 LAMEA Torque Sensor Rotary Torque Sensors Market by Country
6.4.1.2 LAMEA Torque Sensor Reaction Torque Sensors Market by Country
6.4.2 LAMEA Torque Sensor Market by Technology
6.4.2.1 LAMEA Strain Gauge Torque Sensor Market by Country
6.4.2.2 LAMEA Magnetoelastic Torque Sensor Market by Country
6.4.2.3 LAMEA Surface Acoustic Wave Torque Sensor Market by Country
6.4.2.4 LAMEA Other Technology Torque Sensor Market by Country
6.4.3 LAMEA Torque Sensor Market by Application
6.4.3.1 LAMEA Automotive Torque Sensor Market by Country
6.4.3.2 LAMEA Test & Measurement Torque Sensor Market by Country
6.4.3.3 LAMEA Aerospace & Defense Torque Sensor Market by Country
6.4.3.4 LAMEA Industrial Torque Sensor Market by Country
6.4.3.5 LAMEA Others Torque Sensor Market by Country
6.4.4 LAMEA Torque Sensor Market by Country
6.4.4.1 Brazil Torque Sensor Market
6.4.4.1.1 Brazil Torque Sensor Market by Type
6.4.4.1.2 Brazil Torque Sensor Market by Technology
6.4.4.1.3 Brazil Torque Sensor Market by Application
6.4.4.2 Argentina Torque Sensor Market
6.4.4.2.1 Argentina Torque Sensor Market by Type
6.4.4.2.2 Argentina Torque Sensor Market by Technology
6.4.4.2.3 Argentina Torque Sensor Market by Application
6.4.4.3 UAE Torque Sensor Market
6.4.4.3.1 UAE Torque Sensor Market by Type
6.4.4.3.2 UAE Torque Sensor Market by Technology
6.4.4.3.3 UAE Torque Sensor Market by Application
6.4.4.4 Saudi Arabia Torque Sensor Market
6.4.4.4.1 Saudi Arabia Torque Sensor Market by Type
6.4.4.4.2 Saudi Arabia Torque Sensor Market by Technology
6.4.4.4.3 Saudi Arabia Torque Sensor Market by Application
6.4.4.5 South Africa Torque Sensor Market
6.4.4.5.1 South Africa Torque Sensor Market by Type
6.4.4.5.2 South Africa Torque Sensor Market by Technology
6.4.4.5.3 South Africa Torque Sensor Market by Application
6.4.4.6 Nigeria Torque Sensor Market
6.4.4.6.1 Nigeria Torque Sensor Market by Type
6.4.4.6.2 Nigeria Torque Sensor Market by Technology
6.4.4.6.3 Nigeria Torque Sensor Market by Application
6.4.4.7 Rest of LAMEA Torque Sensor Market
6.4.4.7.1 Rest of LAMEA Torque Sensor Market by Type
6.4.4.7.2 Rest of LAMEA Torque Sensor Market by Technology
6.4.4.7.3 Rest of LAMEA Torque Sensor Market by Application
Chapter 7. Company Profiles
7.1 Honeywell International, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 ABB Group
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.5.2 Partnerships, Collaborations, and Agreements:
7.2.6 SWOT Analysis
7.3 Infineon Technologies AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 MTS Systems Corporation (PCB Piezotronics, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Snap-On, Inc. (Norbar Torque Tools)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Engineering Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Crane electronics, Ltd.
7.6.1 Company Overview
7.7 FUTEK Advanced Sensor Technology, Inc.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Applied Measurements Ltd.
7.8.1 Company Overview
7.9 Kistler Group (Kistler Holding AG)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.9.2.2 Partnerships, Collaborations, and Agreements:
7.9.2.3 Geographical Expansions:
7.9.2.4 Acquisition and Mergers:
7.1 MagCanica, Inc.
7.10.1 Company Overview

Companies Mentioned

  • Honeywell International, Inc.
  • ABB Group
  • Infineon Technologies AG
  • MTS Systems Corporation (PCB Piezotronics, Inc.)
  • Snap-On, Inc. (Norbar Torque Tools)
  • Crane Electronics, Ltd.
  • FUTEK Advanced Sensor Technology, Inc
  • Applied Measurements Ltd.
  • Kistler Group (Kistler Holding AG)
  • MagCanica, Inc.

Methodology

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