Torque Sensor Market By Size, Growth, Trends and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 7.72 Billion
CAGR (2023-2028)	6.21%
Fastest Growing Segment	Automotive & Transportation
Largest Market	North America

Market Overview

The global torque sensor market is anticipated to achieve a projected market size of USD 7.72 billion by the conclusion of 2022, with a compound annual growth rate (CAGR) of 6.21% expected throughout the forecast period. This global torque sensor market is characterized by its pivotal role in the measurement and monitoring of rotational force or torque applied to diverse mechanical systems. Torque sensors serve as vital components in industries including automotive, manufacturing, aerospace, and robotics, facilitating precise and real-time torque measurement to enhance performance, safety, and operational efficiency. The market's growth is primarily fueled by the escalating demand for advanced torque measurement solutions, driven by industries' relentless pursuit of automation, process optimization, and stringent quality control. With continuous technological advancements, torque sensors continue to evolve, incorporating innovations in sensor design, wireless connectivity, and seamless integration with Internet of Things (IoT) platforms. While challenges like calibration and environmental factors persist, the global torque sensor market stands poised for expansion due to its indispensable role in enabling accurate and dependable torque measurement across a vast spectrum of applications.

Key Market Drivers

The Growth of Industry 4.0 and the Industrial Internet of Things (IIoT)

The growth of Industry 4.0 and the Industrial Internet of Things (IIoT) is significantly driving the global torque sensor market by revolutionizing the way industries approach manufacturing, automation, and data-driven decision-making. Industry 4.0 represents the integration of digital technologies into industrial processes, leading to smart factories and interconnected systems that optimize operations. Torque sensors, as integral components of machinery and equipment, play a pivotal role in this transformation. The IIoT enables real-time data collection, analysis, and communication between machines, systems, and operators. Torque sensors integrated into these interconnected environments provide critical insights into equipment performance, operational efficiency, and maintenance needs. By facilitating predictive maintenance, torque sensors help industries avoid unplanned downtime, reduce operational costs, and enhance overall productivity.

Moreover, torque sensors contribute to the accuracy and precision required for complex manufacturing processes in smart factories. They enable continuous monitoring of torque levels during assembly, ensuring quality control and adherence to tight specifications. As the adoption of Industry 4.0 and IIoT continues to accelerate across sectors such as automotive, manufacturing, aerospace, and more, torque sensors are essential enablers of this transformation. Their ability to provide real-time data for informed decision-making, predictive maintenance, and process optimization positions them as integral components in the journey towards smarter, more efficient, and connected industrial ecosystems.

The Rapid Expansion of Automation and Robotics Across Various Industries

The rapid expansion of automation and robotics across various industries is playing a pivotal role in driving the global torque sensor market. As industries increasingly adopt automation to streamline processes, improve efficiency, and enhance productivity, the demand for precise torque measurement becomes essential. Torque sensors serve as critical components in automated systems, ensuring accurate monitoring and control of rotational forces. In sectors like manufacturing, automotive, aerospace, and even healthcare, robots and automated machinery rely on torque sensors to perform tasks with precision. Whether it's assembling components, tightening bolts, or performing delicate procedures, torque sensors enable robots to execute tasks accurately and consistently. These sensors contribute to maintaining product quality, reducing errors, and minimizing the need for human intervention.

Furthermore, as industries explore collaborative robots (cobots) that work alongside humans, torque sensors play a crucial role in ensuring safe interactions. Torque sensors provide real-time feedback to robots, allowing them to adjust their movements based on the force they encounter when collaborating with human workers. The demand for torque sensors is thus closely intertwined with the growth of automation and robotics. As industries continue to embrace technological advancements and pursue greater levels of automation, the torque sensor market is set to expand significantly, providing the necessary precision and control required for the efficient operation of automated systems across a wide array of industries.

The Need for Precision, Safety, and Operational Optimization

The global torque sensor market is driven by the fundamental need for precision, safety, and operational optimization across industries. Torque sensors play a critical role in ensuring precise control and measurement of rotational forces, a necessity in applications where accuracy directly impacts product quality and performance. They are instrumental in preventing over-tightening or under-tightening of components, which can lead to failures or inefficiencies. Moreover, torque sensors contribute to enhancing workplace safety by providing real-time feedback to automated systems, ensuring they operate within safe torque limits. This is particularly relevant in collaborative environments where humans and robots work together. Additionally, torque sensors enable operational optimization by offering insights into equipment health, enabling predictive maintenance, and supporting data-driven decision-making. As industries emphasize precision, safety, and efficiency in their processes, the torque sensor market continues to grow as a crucial enabler of these key objectives.

The Continual Advancements in Sensor Technology

The global torque sensor market is experiencing robust growth due to the continual advancements in sensor technology. As sensor technologies evolve, torque sensors are becoming more accurate, reliable, and versatile, catering to a wide range of applications across industries. Innovations in materials, signal processing, and data analytics have enabled the development of sensors that can provide precise and real-time measurements of rotational forces. Additionally, the integration of wireless and IoT capabilities into torque sensors allows for remote monitoring, predictive maintenance, and seamless integration into smart manufacturing environments. These advancements not only improve the accuracy and efficiency of torque measurement but also enable industries to optimize processes, enhance product quality, and reduce downtime. The rapid pace of sensor technology innovation is thus a driving force propelling the global torque sensor market forward.

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Key Market Challenges

Concern related to Integrating Torque Sensors

Integrating torque sensors can pose challenges that impact the global torque sensor market. While these sensors offer valuable insights into rotational forces, their successful integration into existing systems can be complex. Adapting torque sensors to various machinery and applications requires careful consideration of mechanical interfaces, signal compatibility, and data integration. Additionally, retrofitting existing systems with torque sensors can be time-consuming and may require modifications that disrupt operations. Ensuring accurate and reliable measurements demands precision in installation and calibration, which can be demanding for industries lacking expertise in torque sensor technology. Addressing these integration concerns requires collaboration between sensor manufacturers and end-users, as well as the development of standardized interfaces and plug-and-play solutions. Overcoming these challenges is crucial to unlocking the full potential of torque sensors and fueling their broader adoption across industries.

High Initial Costs

The high initial costs associated with torque sensors are a significant hurdle hampering the global torque sensor market's growth. The development, manufacturing, and calibration of advanced torque sensors involves sophisticated technology and precision engineering, contributing to elevated upfront expenses. Industries considering torque sensor adoption must allocate substantial budgets to accommodate these costs, which can deter some potential customers, particularly in price-sensitive markets. Moreover, the investment in torque sensors might also require additional expenditures for training personnel, integrating sensors into existing systems, and maintaining calibration and accuracy over time. As industries seek to optimize their operations and enhance efficiency, addressing the high initial costs of torque sensors becomes crucial for wider market adoption. Efforts to develop cost-effective manufacturing processes, scalable solutions, and more competitive pricing strategies are essential to overcome this challenge and foster broader acceptance of torque sensors across various sectors.

Key Market Trends

The Rise of Electric and Hybrid Vehicles

The rise of electric and hybrid vehicles is significantly propelling the global torque sensor market. As the automotive industry shifts towards more sustainable and energy-efficient transportation solutions, torque sensors play a crucial role in optimizing the performance of electric and hybrid powertrains. These sensors accurately measure the torque generated by electric motors, helping in controlling acceleration, braking, and overall drivetrain efficiency. With electric vehicles' instant torque delivery, precise measurement becomes essential for maintaining smooth and controlled operations. Torque sensors also contribute to regenerative braking systems, where they aid in capturing and converting kinetic energy back into the battery. As governments and consumers prioritize eco-friendly mobility options, the demand for electric and hybrid vehicles continues to grow. Consequently, the torque sensor market is witnessing increased adoption, as these sensors enable efficient power distribution, enhance vehicle dynamics, and contribute to the overall success of electric and hybrid vehicle platforms.

The Growing Demand for Non-Contact Sensors

The global torque sensor market is experiencing a notable boost from the growing demand for non-contact sensors. Non-contact torque sensors, which utilize technologies like magnetostrictive or optical principles, are gaining traction due to their numerous advantages. These sensors offer contactless measurements, eliminating friction and wear associated with traditional contact-based sensors. As a result, they provide higher accuracy, reliability, and durability over extended periods of operation. Non-contact torque sensors are particularly beneficial in applications where minimizing interference and maintaining pristine working conditions are essential, such as in cleanroom environments or industries dealing with delicate materials. Additionally, these sensors can withstand harsh conditions, making them suitable for various industries, including automotive, aerospace, and manufacturing. As the market seeks more precise and robust torque measurement solutions, the demand for non-contact sensors continues to rise, driving the global torque sensor market's growth.

Segmental Insights

Mechanical Configuration Insights

Based on mechanical configuration, the shaft style assert itself as the predominant segment, showcasing unwavering dominance projected over the entire forecast period. The shaft style torque sensors are characterized by their versatility and adaptability, making them suitable for a wide range of applications across industries. Their design allows for easy integration into various systems, offering precise torque measurement without requiring major modifications. This flexibility and efficiency contribute to their continued prominence in the market. As industries continue to demand accurate and reliable torque measurement solutions, the shaft style configuration is expected to maintain its unwavering influence and play a pivotal role in shaping the trajectory of the global torque sensor market.

Application Insights

Based on application, the automotive & transportation segment emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period. This sector's dominance stems from the critical role that torque sensors play in ensuring the precision and efficiency of various automotive systems. From powertrain development and electric vehicle drivetrains to braking and steering systems, torque sensors are indispensable for optimizing performance, safety, and energy consumption. As the automotive industry continually evolves to meet efficiency and sustainability demands, torque sensors are instrumental in achieving these goals. With the ongoing shift towards electric and hybrid vehicles, as well as the integration of advanced driver-assistance systems, the automotive & transportation segment is set to maintain its commanding position, shaping the trajectory of the global torque sensor market throughout the forecast period.

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Regional Insights

North America emerges as a prominent and influential stronghold within the global torque sensor market, propelled by a confluence of strategic factors that collectively underscore its pivotal role in shaping the industry's growth trajectory. The region's advanced technological capabilities, robust industrial landscape, and commitment to innovation position it at the forefront of torque sensor adoption. With industries across North America emphasizing efficiency, accuracy, and automation, torque sensors find extensive applications. The presence of key market players, research institutions, and a culture of continuous advancement further solidify the region's influence. As North America continues to champion precision and performance across various sectors, its strategic significance in the global torque sensor market remains pivotal in directing the industry's trajectory towards growth and advancement.

Recent Developments

In April 2023, Doosan Robotics announced a strategic partnership with iAutomation, a move aimed at expanding its distribution network in the Eastern United States. This collaboration reflects Doosan Robotics' commitment to strengthening its presence and accessibility in key markets. By joining forces with iAutomation, a recognized leader in industrial automation solutions, Doosan Robotics seeks to tap into iAutomation's extensive expertise and established network to enhance its reach to customers in the Eastern US region.
In April 2023, Interface, a prominent player in the sensor and measurement technology industry, revealed its strategic acquisition of LCM Systems Ltd, a UK-based company specializing in load cell and instrumentation solutions. This acquisition marks a significant step for Interface as it seeks to expand its capabilities and product offerings within the load cell and measurement sector. By bringing LCM Systems under its umbrella, Interface aims to leverage LCM's expertise and established presence to enhance its global reach and customer base.
In July 2022, Innovative Sensor Technology IST AG made a significant announcement regarding the acquisition of sensor manufacturer Senstech AG. This strategic move was prompted by the planned gradual withdrawal of the previous owner and company founder, Rolf Wolfensberger. The acquisition marks a substantial expansion of IST's sensor portfolio, particularly in the areas of force, pressure, surface tension, and torque sensors. By integrating Senstech's expertise and products into its offering, Innovative Sensor Technology IST AG aims to enhance its capabilities and provide a more comprehensive range of sensor solutions to its customers.

Key Market Players

Applied Measurements Ltd.
ABB Ltd
Crane Electronics Ltd.
TE Connectivity Ltd
HBK Benelux (Spectris PLC)
Norbar Torque Tools Ltd.
Honeywell International
Teledyne Technologies, Inc.
Datum Electronics Ltd (Indutrade AB)
Infineon Technologies AG

By Type	By Technology	By Mechanical Configuration	By Application	By Region
Rotary Torque Sensor Reaction Torque Sensor	SAW Optical Strain Gauge Magnetoelastic	Shaft Style Flange Style	Aerospace & Defense Industrial Automotive & Transportation Test & Measurement Medical & Healthcare Others	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

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

· Global Torque Sensor Market, By Type:

o Rotary Torque Sensor

o Reaction Torque Sensor

· Global Torque Sensor Market, By Technology:

o SAW

o Optical

o Strain Gauge

o Magnetoelastic

· Global Torque Sensor Market, By Mechanical Configuration:

o Shaft Style

o Flange Style

· Global Torque Sensor Market, By End User:

o Aerospace & Defense

o Industrial

o Automotive & Transportation

o Test & Measurement

o Medical & Healthcare

o Others

· Global Torque Sensor Market, By Region:

o North America

o Europe

o South America

o Middle East & Africa

o Asia Pacific

Competitive Landscape

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

Available Customizations:

Global Torque Sensor market report with the given market data, Tech Sci Research offers customizations according to a 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).

Global Torque Sensor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Torque Sensor Market

5. Voice of Customer

6. Global Torque Sensor Market Overview

7. Global Torque Sensor Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type (Rotary Torque Sensor, Reaction Torque Sensor)

7.2.2. By Technology (SAW, Optical, Strain Gauge, Magnetoelastic)

7.2.3. By Mechanical Configuration (Shaft Style, Flange Style)

7.2.4. By Application (Aerospace & Defense, Industrial, Automotive & Transportation, Test & Measurement, Medical & Healthcare, Others)

7.2.5. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

8. North America Torque Sensor Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Technology

8.2.3. By Mechanical Configuration

8.2.4. By Application

8.3. North America: Country Analysis

8.3.1. United States Torque Sensor Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Technology

8.3.1.2.3. By Mechanical Configuration

8.3.1.2.4. By Application

8.3.2. Canada Torque Sensor Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Technology

8.3.2.2.3. By Mechanical Configuration

8.3.2.2.4. By Application

8.3.3. Mexico Torque Sensor Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Technology

8.3.3.2.3. By Mechanical Configuration

8.3.3.2.4. By Application

9. Europe Torque Sensor Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Technology

9.2.3. By Mechanical Configuration

9.2.4. By Application

9.3. Europe: Country Analysis

9.3.1. Germany Torque Sensor Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Technology

9.3.1.2.3. By Mechanical Configuration

9.3.1.2.4. By Application

9.3.2. United Kingdom Torque Sensor Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Technology

9.3.2.2.3. By Mechanical Configuration

9.3.2.2.4. By Application

9.3.3. France Torque Sensor Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Technology

9.3.3.2.3. By Mechanical Configuration

9.3.3.2.4. By Application

9.3.4. Spain Torque Sensor Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Technology

9.3.4.2.3. By Mechanical Configuration

9.3.4.2.4. By Application

9.3.5. Italy Torque Sensor Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Technology

9.3.5.2.3. By Mechanical Configuration

9.3.5.2.4. By Application

10. South America Torque Sensor Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Technology

10.2.3. By Mechanical Configuration

10.2.4. By Application

10.3. South America: Country Analysis

10.3.1. Brazil Torque Sensor Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Technology

10.3.1.2.3. By Mechanical Configuration

10.3.1.2.4. By Application

10.3.2. Argentina Torque Sensor Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Technology

10.3.2.2.3. By Mechanical Configuration

10.3.2.2.4. By Application

10.3.3. Colombia Torque Sensor Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Technology

10.3.3.2.3. By Mechanical Configuration

10.3.3.2.4. By Application

11. Middle East & Africa Torque Sensor Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Technology

11.2.3. By Mechanical Configuration

11.2.4. By Application

11.3. Middle East & America: Country Analysis

11.3.1. Israel Torque Sensor Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Technology

11.3.1.2.3. By Mechanical Configuration

11.3.1.2.4. By Application

11.3.2. Qatar Torque Sensor Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Technology

11.3.2.2.3. By Mechanical Configuration

11.3.2.2.4. By Application

11.3.3. UAE Torque Sensor Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Technology

11.3.3.2.3. By Mechanical Configuration

11.3.3.2.4. By Application

11.3.4. Saudi Arabia Torque Sensor Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Type

11.3.4.2.2. By Technology

11.3.4.2.3. By Mechanical Configuration

11.3.4.2.4. By Application

12. Asia Pacific Torque Sensor Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Type

12.2.2. By Technology

12.2.3. By Mechanical Configuration

12.2.4. By Application

12.3. Asia Pacific: Country Analysis

12.3.1. China Torque Sensor Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Type

12.3.1.2.2. By Technology

12.3.1.2.3. By Mechanical Configuration

12.3.1.2.4. By Application

12.3.2. Japan Torque Sensor Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Type

12.3.2.2.2. By Technology

12.3.2.2.3. By Mechanical Configuration

12.3.2.2.4. By Application

12.3.3. South Korea Torque Sensor Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Type

12.3.3.2.2. By Technology

12.3.3.2.3. By Mechanical Configuration

12.3.3.2.4. By Application

12.3.4. India Torque Sensor Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Type

12.3.4.2.2. By Technology

12.3.4.2.3. By Mechanical Configuration

12.3.4.2.4. By Application

12.3.5. Australia Torque Sensor Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Type

12.3.5.2.2. By Technology

12.3.5.2.3. By Mechanical Configuration

12.3.5.2.4. By Application

12.3.6. Singapore Torque Sensor Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Type

12.3.6.2.2. By Technology

12.3.6.2.3. By Mechanical Configuration

12.3.6.2.4. By Application

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Applied Measurements Ltd.

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2. ABB Ltd.

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3. Crane Electronics Ltd.

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4. TE Connectivity Ltd.

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5. HBK Benelux (Spectris PLC)

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6. Norbar Torque Tools Ltd.

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7. Honeywell International

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8. Teledyne Technologies, Inc.

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9. Datum Electronics Ltd (Indutrade AB)

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10.Infineon Technologies AG

15.10.1. Business Overview

15.10.2. Key Financials & Revenue

15.10.3. Key Contact Person

15.10.4. Headquarters Address

15.10.5. Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Torque Sensor Market in 2022?

The market size of the global torque sensor market was estimated to be USD 7.22 billion in 2022.

Which was the dominant segment by type in the Global Torque Sensor Market in 2022?

In 2022, rotary torque sensor was the dominant segment by type in the global torque sensor market. With the ability to accurately measure rotational forces, the rotary torque sensor is integral in various contexts, from manufacturing processes to automotive systems. Its essential role in ensuring precision, safety, and performance enhancement solidifies its prominence within the market. As industries continue to emphasize accurate torque measurement, the rotary torque sensor's dominance is expected to persist, shaping the trajectory of the global torque sensor market.

Which are the key players in the Global Torque Sensor Market?

Key players in the market are Applied Measurements Ltd., ABB Ltd, Crane Electronics Ltd., TE Connectivity Ltd, HBK Benelux (Spectris PLC), Norbar Torque Tools Ltd., Honeywell International, Teledyne Technologies, Inc., Datum Electronics Ltd (Indutrade AB), Infineon Technologies AG and others.

What are the major drivers for the Global Torque Sensor Market?

The growth of Industry 4.0 & the Industrial Internet of Things (IIoT) and the rapid expansion of automation & robotics across various industries are the major drivers for the global torque sensor market.

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Sakshi Bajaal

Business Consultant

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Press Release

Torque Sensor Market to be Led by Continual Advancements in Sensor Technology across the Globe Through 2028

Nov, 2023

The Growth of Industry 4.0 and the Industrial Internet of Things (IIoT) is driving the Implementation of Torque Sensor market across the Global.

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