FEATURED COMPANIES
- Applied Measurements Ltd.
- Crane Electronics Inc.
- Hitachi Ltd.
- Infineon Technologies AG
- Kistler Holding AG
The global torque sensor market size reached US$ 7.43 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 12.66 Billion by 2027, exhibiting a CAGR of 9.59% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
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.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global torque sensor market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology and application.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?
Frequently Asked Questions about the Global Torque Sensor Market
What is the estimated value of the Global Torque Sensor Market?
What is the growth rate of the Global Torque Sensor Market?
What is the forecasted size of the Global Torque Sensor Market?
Who are the key companies in the Global Torque Sensor Market?
FEATURED COMPANIES
- Applied Measurements Ltd.
- Crane Electronics Inc.
- Hitachi Ltd.
- Infineon Technologies AG
- Kistler Holding AG
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Torque Sensor Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
- 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)
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