The North America Torque Sensor Market is expected to witness market growth of 6.3% CAGR during the forecast period (2019-2025).
The adoption of torque sensor across the commercial sector is estimated to accelerate at a rapid rate over the forecast period. This trend can be associated with various factors like increased demand for high performance vehicles, extensive penetration of EPS in passenger vehicles, and a surge in the demand for new torque measurement technologies. However, high installation costs are likely to impede global market growth. In the commercial sector, the demand for torque sensors is evaluated and measured according to the impacts of drivers, restrictions, and opportunities.
The U.S. has emerged as the fastest technology adopter, due to which, the growth of electronics device, upcoming automotive technologies like healthcare monitoring systems, electric & hybrid vehicles, and others are exponential. Escalating rise in the disposable income of the US population also boosts torque sensor sales in this country. Additionally, growth in the semiconductor industry along with rise in advanced system trends among industries is boosting growth in the U.S. torque sensor market.
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 countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers theanalysis 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.
Scope of the Study
Market Segmentation:
By Type
By Technology
By Application
By Country
Companies Profiled
Unique Offerings from the Publisher
The adoption of torque sensor across the commercial sector is estimated to accelerate at a rapid rate over the forecast period. This trend can be associated with various factors like increased demand for high performance vehicles, extensive penetration of EPS in passenger vehicles, and a surge in the demand for new torque measurement technologies. However, high installation costs are likely to impede global market growth. In the commercial sector, the demand for torque sensors is evaluated and measured according to the impacts of drivers, restrictions, and opportunities.
The U.S. has emerged as the fastest technology adopter, due to which, the growth of electronics device, upcoming automotive technologies like healthcare monitoring systems, electric & hybrid vehicles, and others are exponential. Escalating rise in the disposable income of the US population also boosts torque sensor sales in this country. Additionally, growth in the semiconductor industry along with rise in advanced system trends among industries is boosting growth in the U.S. torque sensor market.
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 countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers theanalysis 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.
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 Country
- US
- Canada
- Mexico
- Rest of North America
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
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. North America Torque Sensor Market by Type
Chapter 4. North America Torque Sensor Market by Technology
Chapter 5. North America Torque Sensor Market by Application
Chapter 6. North America Torque Sensor Market by Country
Chapter 7. Company Profiles
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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