Report Description

Global Torque Sensor Market, By Type (Rotary Torque Sensor and Reaction Torque Sensor), By Technology (SAW, Optical, Strain Gauge and Magnetoelastic), By Application (Aerospace & Defense, Industrial, Automotive, Test & Measurement and Others), By Company & By Geography, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : ICT

The Global Torque Sensor Market size was is predicted to reach $15.0 Billion by 2024, growing at a CAGR of 8% during the forecast period. The market for Torque Sensor is growing mainly due to the rising demand for torque sensor in electric power steering (EPS) systems and the rising demand for advanced high-performance vehicles. Moreover, the demand for accurate torque measurement solutions is growing in a remarkable manner, supplementing the enormous growth prospects for torque sensors.

In terms of technology, the market for torque sensor is categorized into SAW, Optical, Strain Gauge and Magnetoelastic. The optical technology category is predicted to grow at the fastest rate during the forecast period.

In terms of application, Aerospace & Defense, Industrial, Automotive, Test & Measurement and others. The automotive application held the largest share in the global market for torque sensor in 2017 and it is expected to maintain its dominance in the market throughout the forecast period.

Taking into an account of geographical landscape, the torque sensor market in the Asia-Pacific is predicted to account for majority of the global market throughout the forecast period. The growing automotive industry in the Asia-Pacific region is bolstering the growth of the torque sensor industry in the region.

Some of the leading players in the Global Torque Sensor market are Honeywell International Inc., Applied Measurements, HBM among others.

Years considered for this report:

Historical Period: 2014–2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2024

Objective of the Study:

  • To analyse and forecast the market size of Global Torque Sensor Market, in terms of Value & Volume.
  • To classify and forecast Global Torque Sensor Market based on type, technology, application and regional distribution.
  • To identify drivers and challenges for Global Torque Sensor Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Global Torque Sensor Market.
  • To conduct the pricing analysis for Global Torque Sensor Market.
  • To identify and analyse the profile of leading players involved in the of Global Torque Sensor.

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Some of the leading players in the Global Torque Sensor market are Infineon Technologies AG, Norbar Torque Tools Ltd., Datum Electronics, Kistler Holding, Honeywell International Inc., Applied Measurements, HBM, FUTEK Advanced Sensor Technology Inc., Crane Electronics LTD., ABB Group etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Solution Providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration Solution Providers across the globe.

TechSci Research calculated the market size of Global Torque Sensor using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these Value & Volumes from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Torque Sensor Manufacturers
  • Automotive OEMs
  • Torque Sensor Suppliers
  • Torque Sensor Distributors
  • Torque Sensor Retailers
  • Torque Sensor Wholesaler
  • Potential Investors
  • Research Organizations and Consulting Companies.
  • Research Institutes
  • Industry Associations

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Torque Sensor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type
    • Rotary Torque Sensor
    • Reaction Torque Sensor
  • Market, By Technology
    • SAW
    • Optical
    • Strain Gauge
    • Magnetoelastic
  • Market, By Application
    • Aerospace & Defense
    • Industrial
    • Automotive
    • Test & Measurement
    • Others
      • Agriculture
      • Mining
      • Medical
  • Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Vietnam
      • Thailand
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Sweden
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
    • Middle East and Africa
      • South Africa
      • Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Torque Sensor Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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