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The future of the global torque sensor market looks promising with opportunities in the aerospace & defense, industrial, automotive, and test & measurement industries.
The global torque sensor market is expected to grow with a CAGR of 7% to 9% from 2020 to 2025. The major growth drivers for this market are the growing importance of torque measurement, increasing demand for advanced high-performance vehicles, inclination towards condition-based maintenance, and the need for better fuel efficiency.

A total of XX figures / charts and XX tables are provided in more than 150 pages report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global torque sensor market report, please download the report brochure.

 
 

 

 


The study includes trends and forecast for the global torque sensor market by sensor type, technology, end use industry, and region as follows:

By Sensor Type [$M shipment analysis for 2014 – 2025]:
  • Rotary Torque Sensors
  • Reaction Torque Sensors

By Technology [$M shipment analysis for 2014 – 2025]:
  • Surface Acoustic Wave
  • Magnetoelastic
  • Optical
  • Strain Gauge

By Application [$M shipment analysis for 2014 – 2025]:
  • Test & Measurement
  • Automotive
  • Industrial
  • Aerospace & Defense
  • Others

By Region [$M shipment analysis for 2014 – 2025]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Rest of the World
 
PCB Piezotronics Inc., Kistler Instrumente AG, Crane Electronics Ltd., Honeywell International Inc., MagCanica, and Datum Electronics Ltd are among the major manufacturers of the global torque sensor market.

In this market, rotary torque sensors and reaction torque sensors are the two major types of torque sensors. Lucintel forecasts that the rotary torque sensor segment is expected to witness the highest growth due to the benefits offered by rotating meters, which include low electrical noise, high stiffness, high RPM ratings, and increased response times. 

Within this market, automotive will remain the largest application segment over the forecast period due to rising implementation of these components in electric vehicles, steering systems, and dynamometers.

Asia Pacific will remain the largest region over the forecast period due to growth of the automotive industry. 



 
Features of the Global Torque Sensor Market
 
  • Market size estimates: Global torque sensor market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by various segments and regions.
  • Segmentation analysis: Market size by various segments such as sensor type, technology, end use industry, and region.
  • Regional analysis: Global torque sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in sensor type, technology, end use industry, and region. for global torque sensor market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of the global torque sensor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
Features of the Global Torque Sensor Market
 
  • Market size estimates: Global torque sensor market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by various segments and regions.
  • Segmentation analysis: Market size by various segments such as sensor type, technology, end use industry, and region.
  • Regional analysis: Global torque sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in sensor type, technology, end use industry, and region. for global torque sensor market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of the global torque sensor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.




 
This report answers following key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global torque sensor market by sensor type (rotary torque sensors and reaction torque sensors), technology (surface acoustic wave, magnetoelastic, optical, and strain gauge), end use industry (test & measurement, automotive, industrial, aerospace & defense, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)?                                                                                               
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the torque sensor market?
Q.6 What are the emerging trends in the torque sensor market and the reasons behind them?
Q.7 What are some changing demands of customers in the torque sensor market?
Q.8 What are the new developments in the torque sensor market? Which companies are leading these developments?
Q.9 Who are the major players in the torque sensor market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the torque sensor market and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the torque sensor market?

 




Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates)
2014-2019
Forecast Period 2020-2025
Pages More than 150
Market Representation / Units Revenue in US $ Million
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling
Market Segments Sensor Type (Rotary Torque Sensors and Reaction Torque Sensors), Technology (Surface Acoustic Wave, Magnetoelastic, Optical, and Strain Gauge), End Use Industry (Test & Measurement, Automotive, Industrial, Aerospace & Defense, and Others)
Regional Scope North America (USA, Mexico, and Canada), Europe (Germany, UK, and Italy), Asia (China, India, Japan, and South Korea), and ROW
Customization 10% Customization without Any Additional Cost

Table of Contents

 
1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classification
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends and Forecast
3.2: Global Torque Sensor Market Trends and Forecast
3.3: Global Torque Sensor Market by Sensor Type
3.3.1: Rotary Torque Sensors
3.3.2: Reaction Torque Sensors
3.4: Global Torque Sensor Market by Technology
3.4.1: Surface Acoustic Wave
3.4.2: Magnetoelastic
3.4.3: Optical
3.4.4: Strain Gauge
3.5: Global Torque Sensor Market By End Use Industry
3.5.1: Test & Measurement
3.5.2: Automotive
3.5.3: Industrial
3.5.4: Aerospace & Defense
3.5.5: Others

4. Market Trends and Forecast Analysis by Region
4.1: Global Torque Sensor Market Region
4.2: North American Torque Sensor Market 
4.2.1: Market by Type: Rotary Torque Sensors and Reaction Torque Sensors  
4.2.2: Market by Technology: Surface Acoustic Wave, Magnetoelastic, Optical, and Strain Gauge
4.2.3: Market by End Use Industry :Test & Measurement, Automotive, Industrial, Aerospace & Defense, and Others
4.2.4: United States Torque Sensor Market
4.2.5: Canadian Torque Sensor Market
4.2.6: Mexican Torque Sensor Market
4.3: European Torque Sensor Market
4.3.1: Market by Sensor Type: Rotary Torque Sensors and Reaction Torque Sensors  
4.3.2: Market by Technology: Surface Acoustic Wave, Magnetoelastic, Optical, and Strain Gauge
4.3.3: Market by End Use Industry: Test & Measurement, Automotive, Industrial, Aerospace & Defense, and Others
4.3.4: Germany  Torque Sensor Market
4.3.5: UK Torque Sensor Market
4.3.6: Italy Torque Sensor Market
4.4: APAC Torque Sensor Market
4.4.1: Market by Sensor Type: Rotary Torque Sensors and Reaction Torque Sensors  
4.4.2: Market by Technology: Surface Acoustic Wave, Magnetoelastic, Optical, and Strain Gauge
4.4.3: Market by End Use Industry: Test & Measurement, Automotive, Industrial, Aerospace & Defense, and Others
4.4.4: China Torque Sensor Market
4.4.5: Japan Torque Sensor Market
4.4.6: South Korea Torque Sensor Market
4.4.7: India Torque Sensor Market
4.5: ROW Torque Sensor Market
4.5.1: Market by Sensor Type: Rotary Torque Sensors and Reaction Torque Sensors  
4.5.2: Market by Technology: Surface Acoustic Wave, Magnetoelastic, Optical, and Strain Gauge
4.5.3: Market by End Use Industry: Test & Measurement, Automotive, Industrial, Aerospace & Defense, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Torque Sensor by Sensor Type
6.1.2: Growth Opportunities for Torque Sensor Market by Technology
6.1.3: Growth Opportunities for Torque Sensor Market by End Use Industry
6.1.4: Growth Opportunities for Torque Sensor Market by Region
6.2: Emerging Trends in Torque Sensor Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Torque Sensor Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Torque Sensor Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: PCB Piezotronics Inc.
7.2: Kistler Instrumente AG        
7.3: Crane Electronics Ltd.,     
7.4: Honeywell International Inc.
7.5: MagCanica
7.6: Datum Electronics Ltd.
 
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Full Report: Torque Sensor Market: Market Size, Trends and Growth Analysis Full Report $ 4,850
150-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Below is a brief summary of the primary interviews that were conducted by job function for this report.