Market Overview:
The global electronic torque meter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electronic torque meters from the automotive and aerospace industries. Additionally, the growing demand for industrial equipment is also contributing to the growth of this market. The global electronic torque meter market can be segmented on the basis of type into dynamic and static electronic torque meters. The dynamic type is expected to hold a larger share of this market than static type during the forecast period owing to its ability to measure high-torque applications accurately. On the basis of application, this market can be segmented into electronics, automobiles, aerospace, and industrial equipment segments. The automotive sector is expected to hold a major share of this market duringthe forecast period owingtoits growing demand for electric vehicles acrossthe globe .
Product Definition:
An electronic torque meter is a device used to measure the amount of torque applied to a shaft. This information can be used to monitor and adjust the output of machines or other devices that use rotational force. Electronic torque meters are often used in industrial settings where precise measurements are critical, but they can also be found in home workshops and other DIY applications.
Dynamic:
DYNAMIC is a measurement technology that measures the torque required to move an object through a given medium. It's major application areas include measuring free-flowing solids, liquids & gases and rotating machinery.
The electronic torque meter has replaced the conventional mechanical or hydraulic meters in most industrial applications owing to its high accuracy, low maintenance cost and easy installation & handling features among other benefits offered by it.
Static:
The static is a measure of the charge stored in an object and it's usually done by bringing two charged plates together. The amount of charge on the plates will depend on how far they are separated. As long as the charges are not moved, they will remain at rest; however, if a force is applied then charges may start moving due to electromagnetic induction.
Electronic Torquemeter (ET) measures forces between two charged electrodes.
Application Insights:
The global demand for electronic torque measurement devices is expected to witness significant growth on account of their increasing use in the automotive industry. The growing importance of constant and controlled engine speed as well as proper gear selection for maximum efficiency is expected to drive the product demand in automobiles over the forecast period.
Automotive applications include power steering, air conditioner/heating system, fuel injection systems and automatic transmission among others. Electronic torque meters are used to measuretorque values from these systems along with other mechanical components such as steering wheels and brakes among others. They are also usedto monitorand adjustthe performanceof these components based on actual driving conditions thus providing accurate measurements throughout all driving conditions without fail or error messages. This feature alone provides a better picture of actual system performance which further enhances overall vehicle reliability & safety while driving thereby contributing toward higher market penetration globally over the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from various end-use industries, such as aerospace and defense, automotive, electronics and electrical equipment. In addition, increasing R&D activities for advanced electronic products are projected to drive the regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast years on account of rising industrialization coupled with rapid economic development in countries like China and India. Increasing foreign direct investments by multinational companies along with favorable government policies are some major factors contributing toward regional growth.
The Latin American electronic torque measurement market was worth USD X million in 2017 owing to strong demand from several key end-use sectors including automotive; aerospace & defense; industrial machinery & tools; consumer appliances etc.
Growth Factors:
- Increasing demand for electric vehicles
- Growing automotive industry
- Rising adoption of torque sensors in various applications
- Technological advancements in electronic torque meters
- Growing demand for smart and connected vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Torquemeter Market Research Report
By Type
Dynamic, Static
By Application
Electronics, Automobile, Aerospace, Industrial Equipment
By Companies
Datum, Fastenal, Crane Electronics, Omega, Lutron, Honeywell, Cedar, Jetco Advanced Torque Tools
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Torquemeter Market Report Segments:
The global Electronic Torquemeter market is segmented on the basis of:
Types
Dynamic, Static
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics, Automobile, Aerospace, Industrial Equipment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Datum
- Fastenal
- Crane Electronics
- Omega
- Lutron
- Honeywell
- Cedar
- Jetco Advanced Torque Tools
Highlights of The Electronic Torquemeter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dynamic
- Static
- By Application:
- Electronics
- Automobile
- Aerospace
- Industrial Equipment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Torquemeter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electronic torque meter is a device that measures the rotational force of a shaft or other rotating object.
Some of the major players in the electronic torquemeter market are Datum, Fastenal, Crane Electronics, Omega, Lutron, Honeywell, Cedar, Jetco Advanced Torque Tools.
The electronic torquemeter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Torquemeter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Torquemeter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Torquemeter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Torquemeter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Torquemeter Market Size & Forecast, 2018-2028
4.5.1 Electronic Torquemeter Market Size and Y-o-Y Growth
4.5.2 Electronic Torquemeter Market Absolute $ Opportunity
Chapter 5 Global Electronic Torquemeter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electronic Torquemeter Market Size Forecast by Type
5.2.1 Dynamic
5.2.2 Static
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronic Torquemeter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electronic Torquemeter Market Size Forecast by Applications
6.2.1 Electronics
6.2.2 Automobile
6.2.3 Aerospace
6.2.4 Industrial Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Torquemeter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Torquemeter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electronic Torquemeter Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Torquemeter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electronic Torquemeter Market Size Forecast by Type
9.6.1 Dynamic
9.6.2 Static
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electronic Torquemeter Market Size Forecast by Applications
9.10.1 Electronics
9.10.2 Automobile
9.10.3 Aerospace
9.10.4 Industrial Equipment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electronic Torquemeter Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Torquemeter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electronic Torquemeter Market Size Forecast by Type
10.6.1 Dynamic
10.6.2 Static
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electronic Torquemeter Market Size Forecast by Applications
10.10.1 Electronics
10.10.2 Automobile
10.10.3 Aerospace
10.10.4 Industrial Equipment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electronic Torquemeter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Torquemeter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electronic Torquemeter Market Size Forecast by Type
11.6.1 Dynamic
11.6.2 Static
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electronic Torquemeter Market Size Forecast by Applications
11.10.1 Electronics
11.10.2 Automobile
11.10.3 Aerospace
11.10.4 Industrial Equipment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electronic Torquemeter Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Torquemeter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electronic Torquemeter Market Size Forecast by Type
12.6.1 Dynamic
12.6.2 Static
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electronic Torquemeter Market Size Forecast by Applications
12.10.1 Electronics
12.10.2 Automobile
12.10.3 Aerospace
12.10.4 Industrial Equipment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electronic Torquemeter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Torquemeter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electronic Torquemeter Market Size Forecast by Type
13.6.1 Dynamic
13.6.2 Static
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electronic Torquemeter Market Size Forecast by Applications
13.10.1 Electronics
13.10.2 Automobile
13.10.3 Aerospace
13.10.4 Industrial Equipment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Torquemeter Market: Competitive Dashboard
14.2 Global Electronic Torquemeter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Datum
14.3.2 Fastenal
14.3.3 Crane Electronics
14.3.4 Omega
14.3.5 Lutron
14.3.6 Honeywell
14.3.7 Cedar
14.3.8 Jetco Advanced Torque Tools
