Torque Sensor Market Size Was Valued at USD 8.9 Billion in 2023, and is Projected to Reach USD 17.5 Billion by 2032, Growing at a CAGR of 7.8% From 2024-2032.
Torque sensors commonly make use of several transduction strategies to convert mechanical deformation to electrical signals. Among those strategies, the maximum broadly used is based on the usage of pressure gauges, which are objects whose electric resistance is modified under mechanical stress. These gauges are attached to a sensing element that changes its shape below the effect on of the torque. It also includes piezoelectric sensing; capacitive sensing; and sensing because of variations in magnetic discipline.
Prominent Key Players – Covered in the report:
Applied Measurements Limited, Crane Electronics Inc., Datum Electronics Limited (Indutrade AB), FUTEK Advanced Sensor Technology Inc., Hitachi Limited, Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH (Spectris plc), Infineon Technologies AG, Kistler Holding AG, Norbar Torque Tools Limited (Snap-on Incorporated), PCB Piezotronics Inc. (MTS Systems Corporation), and Other Major Players.
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Torque Sensor Market Trend Analysis:
The automotive enterprise specially is the primary influencing thing to the marketplace. With producers of autos introducing new models of electrical and hybrid vehicles into the market, producers are increasingly requiring sophisticated dimension for torque. Electric torque sensors are academic capabilities in EPS, regenerative brake, and various different hello-tech car improvements. There is a developing recognition of environmentally friendly and gas-efficient motors to push the uptake of electric powertrains linking the sensors to a extensive marketplace.
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- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Segmentation of The Torque Sensor Market :
By Type
- Dynamic Torque Sensor
- Joint Torque Sensor
- 6-axis force/torque sensor
- 4 Axis force/torque sensor
- Static Torque Sensor
By Configuration
- Wired Torque Sensor
- Wireless Torque Sensor
By Application
- Robotics
- Engines
- Automotive safety system
- Assembly welding
- Aircraft flight control
- Medical devices
- Others
By Technology
- Surface Acoustic Wave
- Magnetoelastic
- Optical
- Strain Gauge
By Industry Vertical
- Automotive
- Industrial
- Test & Measurement
- Aerospace & Defense
- Healthcare
- Others
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Key Attentions of the Torque Sensors Market Report:
- The report offers a comprehensive perspective on the global Torque Sensor Market.
- The market statistics represented in different Torque Sensors Market segments offer a complete industry picture.
- Market growth drivers and challenges affecting the development of the Torque Sensors Market are analyzed in detail.
- The report will help in the analysis of major competitive market scenarios, and market dynamics of the Torque Sensor Market.
- Major stakeholders, key companies Torque Sensor Market, investment feasibility, and new market entrants’ study is offered.
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Key Industry Developments in the Torque Sensor Market:
- December 7, 2023: Due to the efforts of Hitachi Limited to introduce the ‘AI Transformation’ internally and externally will enhance business productivity and boost business opportunities.
- December 19, 2023: Honeywell International Inc. released it has signed a deal where Honeywell Building Solutions helps with building management and safety technology in Reliance Life Sciences (RLS).
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