The global torque sensors market is expected to show a remarkable growth rate in coming years. Major factors contributing to the growth of global torque sensors market include the introduction of electric vehicles and the emergence of new technologies such as surface acoustic wave (SAW) and optical torque sensors. This type of sensors hold momentous importance in applications includes pump testing, turbine testing, engine and transmission testing and measurement of power within propulsion systems, among others.
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The report contains the global scenario of torque sensors market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the torque sensors market size, production forecasts along with key factors driving and restraining the market growth.
The global torque sensors market is segmented into major product types, end-use applications, and by mechanical configuration. The major types of torque sensors include rotary torque sensors, reaction/static torque sensors, optical torque sensors, surface acoustic wave (SAW) torque sensors, and magnetoelastic torque sensors. Rotary segment is further classified into contact and non-contact sensors of various types such as rotary transformers, slip rings, infrared (IR). On the basis of end-use application, the global torque sensors market is segmented into automotive applications, industrial applications, test & measurement application, aerospace & defense applications, medical applications, and other applications including mining and agricultural. The global torque sensors market is also segmented by mechanical configuration into shaft style and flange style. The market is further segmented by geography into North America, Asia Pacific, Europe and rest of the world. Among these regional markets, Asia Pacific is expected to register fastest growth rate during the forecast period from 2013 to 2019, driven by factors such as introduction of electric vehicles, and emerging trend towards condition based maintenance (CBM). Other factors fuelling the growth of the global torque sensors market include increasing need for better fuel efficiency and up gradation to electric power steering systems.
One of the factors inhibiting the growth of global torque sensors market includes lack of reliable torque sensors for high end applications. Evolution of new torque sensing technologies is serving as an opportunity for global torque sensors market.
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Some of the key players dominating the global torque sensors market are ABB, Aimco, Applied Measurements, ATI Industrial Automation, Crane Electronics, Datum Electronics, Futek Advanced Sensor Technology, HBM, Honeywell, Interface, Kistler Instrumente AG, Magcanica, Inc., Measurement Specialties, Mountz, Norbar Torque Tools, PCB Piezotronics, Immelstein and Company, Sensor Technology, Teledyne Technologies, and Transense Technologies among others. Earlier the global torque sensors market was dominated by players with relatively low brand image; however, after the entrance of new players in the sensors industry, the demand for torque sensors have increased among the consumers.
Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
Key features of this report
- Drivers, restraints, and challenges shaping the Torque Sensors market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Torque Sensors market estimates and forecasts(2015 -2021)
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