Market Overview:
The global rotary torque transducers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for rotary torque transducers in various applications such as automotive, aerospace, marine, industrial machinery and others. Additionally, factors such as technological advancements and rising demand for precision measurement are also contributing to the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Rotary torque transducers convert rotational motion into an electrical signal. They are used in a variety of applications, including automotive testing, turbines, and robotics. Rotary torque transducers are important because they provide accurate measurements of rotational force.
Dynamic Type:
Dynamic type is a technology that allows the selection of different character sets for each stroke on the same keyboard. It also helps in reducing errors during entry and improves speed and accuracy while typing. The market is expected to grow at a significant rate owing to factors such as increasing demand from commercial sector, technological advancements, rising awareness among consumers regarding benefits offered by dynamic type keyboards coupled with growing penetration of internet services across the globe.
Static Type:
The torque transducers are used to convert rotary motion into electric signals. The conversion process is known as static type conversion. There are two types of static type converters, namely the electromagnetic and electrostatic systems. In an electromagnetic system, a permanent magnet is used to generate the electrical signal; whereas in an electrostatic system, a stationary coil generates the electrical signal by attracting and repelling electrons respectively.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing automotive sector, especially in emerging countries such as India and China, is anticipated to drive product demand over the forecast period. In addition, increasing government spending on infrastructure projects has resulted in an increase of automotive production across the globe which further drives market growth.
The aerospace application segment accounted for a significant share of 11% in terms of revenue on account of growing demand from major end-use markets such as U.S., Germany, France and UK among others globally due to increased R&D activities coupled with technological advancements for improved performance rotary torque sensors are being manufactured by various companies worldwide which is likely to propel industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing demand for diesel engines in developing countries such as India and China. In addition, rising investments in infrastructure development activities are likely to drive the product demand further.
The growing automotive industry in Europe is also projected to have a positive impact on market growth over the coming years. However, stringent government regulations regarding vehicle emissions are anticipated to hamper growth prospects of rotary torque transducers used for emission control systems on account of decreasing sales volume of diesel vehicles across most European countries during 2016 - 2017 period as compared to 2015 - 2016 levels.
In terms of revenue, North America accounted for a share of more than 25% owing rotric torque transducer applications that include industrial machinery and others across various industries including oil & gas, automotive.
Growth Factors:
- Increasing demand from the automotive industry for rotary torque transducers for engine testing and development is expected to be a key growth driver for the market over the forecast period.
- Growing demand from the aerospace and defense sector for rotary torque transducers in aircraft engines, helicopter blades, and other military applications is also anticipated to drive market growth.
- Rapid industrialization in emerging economies such as China and India is expected to create opportunities for rotary torque transducer manufacturers in these regions over the next few years.
- The increasing adoption of electric vehicles across different geographies is projected to boost demand for rotary torque transducers used in electric vehicle motors during the forecast period.
- Technological advancements that have led to miniaturization of sensors are likely to provide new opportunities for players operating in this market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Rotary Torque Transducers Market Research Report
By Type
Dynamic Type, Static Type
By Application
Automotive, Aerospace, Marine, Industrial Machinery, Others
By Companies
A&D Company, HBM Test and Measurement, Futek, Interface Inc, Applied Measurements Ltd, ETH-messtechnik GmbH, Kyowa, Lorenz Messtechnik, Burster, Honeywell, Mountz, Scaime, Kistler Instrument Corp, TE Connectivity, Crane Electronics Ltd, HITEC Sensor Developments, Inc
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Rotary Torque Transducers Market Report Segments:
The global Rotary Torque Transducers market is segmented on the basis of:
Types
Dynamic Type, Static Type
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
Automotive, Aerospace, Marine, Industrial Machinery, Others
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:
- A&D Company
- HBM Test and Measurement
- Futek
- Interface Inc
- Applied Measurements Ltd
- ETH-messtechnik GmbH
- Kyowa
- Lorenz Messtechnik
- Burster
- Honeywell
- Mountz
- Scaime
- Kistler Instrument Corp
- TE Connectivity
- Crane Electronics Ltd
- HITEC Sensor Developments, Inc
Highlights of The Rotary Torque Transducers 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 Type
- Static Type
- By Application:
- Automotive
- Aerospace
- Marine
- Industrial Machinery
- Others
- 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 Rotary Torque Transducers 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Rotary torque transducers are devices that convert rotational motion into an electric signal. They are used in a variety of industrial and automotive applications, including engine control, transmission, and braking.
Some of the key players operating in the rotary torque transducers market are A&D Company, HBM Test and Measurement, Futek, Interface Inc, Applied Measurements Ltd, ETH-messtechnik GmbH, Kyowa, Lorenz Messtechnik, Burster, Honeywell, Mountz, Scaime, Kistler Instrument Corp, TE Connectivity, Crane Electronics Ltd, HITEC Sensor Developments, Inc.
The rotary torque transducers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rotary Torque Transducers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rotary Torque Transducers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rotary Torque Transducers Market - Supply Chain
4.5. Global Rotary Torque Transducers Market Forecast
4.5.1. Rotary Torque Transducers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rotary Torque Transducers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rotary Torque Transducers Market Absolute $ Opportunity
5. Global Rotary Torque Transducers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rotary Torque Transducers Market Size and Volume Forecast by Type
5.3.1. Dynamic Type
5.3.2. Static Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rotary Torque Transducers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rotary Torque Transducers Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace
6.3.3. Marine
6.3.4. Industrial Machinery
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rotary Torque Transducers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rotary Torque Transducers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rotary Torque Transducers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rotary Torque Transducers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rotary Torque Transducers Demand Share Forecast, 2019-2029
9. North America Rotary Torque Transducers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rotary Torque Transducers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rotary Torque Transducers Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace
9.4.3. Marine
9.4.4. Industrial Machinery
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rotary Torque Transducers Market Size and Volume Forecast by Type
9.7.1. Dynamic Type
9.7.2. Static Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rotary Torque Transducers Demand Share Forecast, 2019-2029
10. Latin America Rotary Torque Transducers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rotary Torque Transducers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rotary Torque Transducers Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace
10.4.3. Marine
10.4.4. Industrial Machinery
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rotary Torque Transducers Market Size and Volume Forecast by Type
10.7.1. Dynamic Type
10.7.2. Static Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rotary Torque Transducers Demand Share Forecast, 2019-2029
11. Europe Rotary Torque Transducers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rotary Torque Transducers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rotary Torque Transducers Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace
11.4.3. Marine
11.4.4. Industrial Machinery
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rotary Torque Transducers Market Size and Volume Forecast by Type
11.7.1. Dynamic Type
11.7.2. Static Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rotary Torque Transducers Demand Share, 2019-2029
12. Asia Pacific Rotary Torque Transducers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rotary Torque Transducers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rotary Torque Transducers Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace
12.4.3. Marine
12.4.4. Industrial Machinery
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rotary Torque Transducers Market Size and Volume Forecast by Type
12.7.1. Dynamic Type
12.7.2. Static Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rotary Torque Transducers Demand Share, 2019-2029
13. Middle East & Africa Rotary Torque Transducers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rotary Torque Transducers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rotary Torque Transducers Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace
13.4.3. Marine
13.4.4. Industrial Machinery
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rotary Torque Transducers Market Size and Volume Forecast by Type
13.7.1. Dynamic Type
13.7.2. Static Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rotary Torque Transducers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Rotary Torque Transducers Market: Market Share Analysis
14.2. Rotary Torque Transducers Distributors and Customers
14.3. Rotary Torque Transducers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. A&D Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HBM Test and Measurement
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Futek
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Interface Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Applied Measurements Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ETH-messtechnik GmbH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kyowa
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lorenz Messtechnik
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Burster
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Honeywell
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mountz
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Scaime
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kistler Instrument Corp
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TE Connectivity
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Crane Electronics Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HITEC Sensor Developments, Inc
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
