DUBLIN--(BUSINESS WIRE)--The "Global Automotive Torque Sensor Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global automotive torque sensor market to grow at a CAGR of 3.90% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is new and innovative torque sensors. With the rise in technological advances across the automotive industry, the demand for new and improved torque sensors is increasing considerably. Technological advances drive the need for high precision torque measurement in a wide range of machines and devices across industries.
According to the report, one driver in the market is increasing demand for high-performance vehicles. With the increase in disposable income, consumers are now willing to spend more on luxury vehicles, such as high-performance vehicles. Automotive manufacturers are also investing in the development of low-cost, high-performance vehicles to expand their consumer base. For instance, the American automobile manufacturer, Ford, introduced high-performance models of two of its highest selling vehicle models, Fiesta in 2014 and Focus in 2016.
Further, the report states that one challenge in the market is huge capital investment. Torque sensor manufacturers need huge capital investments on a regular basis to remain competitive in the market. This poses a major challenge to the global automotive torque sensor market. The growth of emerging economies has induced volatility in raw material prices across industries. As a result, vendors face a major challenge of maintaining competitive selling prices of their products. Technological innovations across industries have generated high demand for advanced torque sensors that can measure torque with more precision even in harsh environmental conditions.
- HBM Test and Measurement
- Honeywell Sensing and Control
- TE Connectivity
Other Prominent Vendors
- AVL List
- FUTEK Advanced Sensor Technology
- Infineon Technologies
- Kistler Group
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Vehicle Type
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/hz6wnj/global_automotive?w=4