The global torque sensors market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for torque sensors in automotive and manufacturing industries. The automotive industry has been witnessing an increase in the demand for torque sensors due to their use in various applications such as engine control, transmission control, and power steering systems. In addition, the growing need for automation in manufacturing processes has led to an increased demand for torque sensors which are used as feedback devices that measure and regulate rotational speed or force applied on a shaft or gear train. Furthermore, the increasing adoption of these devices across various industries such as aerospace & defense and healthcare is also driving this market’s growth. Reaction Torque Sensor accounted for over 50% share of total revenue generated by type segment during 2017-2030 period. Reaction Torque Sensor accounted for over 50% share of total revenue generated by type segment during 2017-2030 period owing to its wide application across various industries such as automotive, manufacturing, aerospace & defense and healthcare sectors among others. Moreover, it offers high accuracy levels with low cost per unit which makes it suitable for use across different applications including engine control systems where high accuracy levels are required without compromising on cost effectiveness.
Some Of The Growth Factors Of This Market:
- Increasing demand for torque sensors in the automotive industry.
- Increasing demand for torque sensors in the aerospace industry.
- Increasing demand for torque sensors in the construction industry.
- Growing need to monitor and control power transmission.
- Rising need to monitor and control power transmission.
Industry Growth Insights published a new data on “Torque Sensors Market”. The research report is titled “Torque Sensors Market research by Types (Reaction Torque Sensor, Rotary Torque Sensor, Super Acoustic Wave (SAW) Torque Sensor, Optical Torque Sensor, Others), By Applications (Automotive, Manufacturing, Aerospace and Defense, Healthcare, Others), By Players/Companies Kistler, Honeywell International, DATUM ELECTRONICS, PCB Piezotronics, FUTEK Advanced Sensor Technology, DEPRAG SCHULZ, Crane Electronics”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Sensors Market Research Report
By Type
Reaction Torque Sensor, Rotary Torque Sensor, Super Acoustic Wave (SAW) Torque Sensor, Optical Torque Sensor, Others
By Application
Automotive, Manufacturing, Aerospace and Defense, Healthcare, Others
By Companies
Kistler, Honeywell International, DATUM ELECTRONICS, PCB Piezotronics, FUTEK Advanced Sensor Technology, DEPRAG SCHULZ, Crane Electronics
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 Torque Sensors Market Report Segments:
The global Torque Sensors market is segmented on the basis of:
Types
Reaction Torque Sensor, Rotary Torque Sensor, Super Acoustic Wave (SAW) Torque Sensor, Optical Torque Sensor, Others
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, Manufacturing, Aerospace and Defense, Healthcare, 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:
- Kistler
- Honeywell International
- DATUM ELECTRONICS
- PCB Piezotronics
- FUTEK Advanced Sensor Technology
- DEPRAG SCHULZ
- Crane Electronics
Highlights of The Torque Sensors 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:
- Reaction Torque Sensor
- Rotary Torque Sensor
- Super Acoustic Wave (SAW) Torque Sensor
- Optical Torque Sensor
- Others
- By Application:
- Automotive
- Manufacturing
- Aerospace and Defense
- Healthcare
- 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 Torque Sensors 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.
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- Correctly Positioning New Products
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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?
Torque sensors are devices that measure the rotational torque of a shaft or other rotating object. They can be used to detect when something has been rotated too far, or to control the speed and direction of a rotating object.
Some of the major players in the torque sensors market are Kistler, Honeywell International, DATUM ELECTRONICS, PCB Piezotronics, FUTEK Advanced Sensor Technology, DEPRAG SCHULZ, Crane Electronics.
The torque sensors market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Torque Sensors 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. Torque Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Torque Sensors Market - Supply Chain
4.5. Global Torque Sensors Market Forecast
4.5.1. Torque Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Torque Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Torque Sensors Market Absolute $ Opportunity
5. Global Torque Sensors 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. Torque Sensors Market Size and Volume Forecast by Type
5.3.1. Reaction Torque Sensor
5.3.2. Rotary Torque Sensor
5.3.3. Super Acoustic Wave (SAW) Torque Sensor
5.3.4. Optical Torque Sensor
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Torque Sensors 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. Torque Sensors Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Manufacturing
6.3.3. Aerospace and Defense
6.3.4. Healthcare
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Torque Sensors 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. Torque Sensors 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 Torque Sensors 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. Torque Sensors 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 Torque Sensors Demand Share Forecast, 2019-2029
9. North America Torque Sensors 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 Torque Sensors 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 Torque Sensors Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Manufacturing
9.4.3. Aerospace and Defense
9.4.4. Healthcare
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 Torque Sensors Market Size and Volume Forecast by Type
9.7.1. Reaction Torque Sensor
9.7.2. Rotary Torque Sensor
9.7.3. Super Acoustic Wave (SAW) Torque Sensor
9.7.4. Optical Torque Sensor
9.7.5. Others
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 Torque Sensors Demand Share Forecast, 2019-2029
10. Latin America Torque Sensors 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 Torque Sensors 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 Torque Sensors Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Manufacturing
10.4.3. Aerospace and Defense
10.4.4. Healthcare
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 Torque Sensors Market Size and Volume Forecast by Type
10.7.1. Reaction Torque Sensor
10.7.2. Rotary Torque Sensor
10.7.3. Super Acoustic Wave (SAW) Torque Sensor
10.7.4. Optical Torque Sensor
10.7.5. Others
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 Torque Sensors Demand Share Forecast, 2019-2029
11. Europe Torque Sensors 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 Torque Sensors 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 Torque Sensors Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Manufacturing
11.4.3. Aerospace and Defense
11.4.4. Healthcare
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 Torque Sensors Market Size and Volume Forecast by Type
11.7.1. Reaction Torque Sensor
11.7.2. Rotary Torque Sensor
11.7.3. Super Acoustic Wave (SAW) Torque Sensor
11.7.4. Optical Torque Sensor
11.7.5 Others
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 Torque Sensors Demand Share, 2019-2029
12. Asia Pacific Torque Sensors 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 Torque Sensors 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 Torque Sensors Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Manufacturing
12.4.3. Aerospace and Defense
12.4.4. Healthcare
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 Torque Sensors Market Size and Volume Forecast by Type
12.7.1. Reaction Torque Sensor
12.7.2. Rotary Torque Sensor
12.7.3. Super Acoustic Wave (SAW) Torque Sensor
12.7.4. Optical Torque Sensor
12.7.5. Others
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 Torque Sensors Demand Share, 2019-2029
13. Middle East & Africa Torque Sensors 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 Torque Sensors 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 Torque Sensors Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Manufacturing
13.4.3. Aerospace and Defense
13.4.4. Healthcare
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 Torque Sensors Market Size and Volume Forecast by Type
13.7.1. Reaction Torque Sensor
13.7.2. Rotary Torque Sensor
13.7.3. Super Acoustic Wave (SAW) Torque Sensor
13.7.4. Optical Torque Sensor
13.7.5. Others
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 Torque Sensors Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Torque Sensors Market: Market Share Analysis
14.2. Torque Sensors Distributors and Customers
14.3. Torque Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kistler
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Honeywell International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DATUM ELECTRONICS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PCB Piezotronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FUTEK Advanced Sensor Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DEPRAG SCHULZ
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crane Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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