DUBLIN--(BUSINESS WIRE)--The "Torque Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global torque sensor market is expected to grow at a CAGR of around 7% during the forecast period 2021-2026
Significant growth in the automotive industry and the increasing demand for high-performance hybrid and electric automobiles are among the key factors that are creating a positive outlook for the market.
Super acoustic wave (SAW), strain gauge, optical, magnetoelastic and piezoelectric torque sensors are the most common variants available in the market. They find extensive applications across various industries, including automotive, aerospace, defense, healthcare, agriculture and mining.
Torque sensors are fitted into the steering column in the electric power steering (EPS) system to improve the fuel and energy efficiency of the vehicle. Apart from this, it is also used for real-time torque management, engine and chassis performance measurement and energy transmission of the automobile.
Furthermore, widespread adoption of torque sensors by industrial robots for product testing is also providing a boost to the market growth. Various technological advancements, such as the development of rotary sensors with minimal weight, electrical noise, high stiffness and improved response time, are contributing to the market growth. T
he production of non-contact and wireless optical torque sensors with greater sensitivity and electrical passiveness, along with the emergence of medical robots, are some of the other factors projected to drive the market further.
Key Questions Answered in This Report
- How has the global torque sensor market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global torque sensor industry?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global torque sensor market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being
- Applied Measurements Ltd.
- Crane Electronics Inc.
- Datum Electronics Ltd. (Indutrade AB)
- FUTEK Advanced Sensor Technology Inc.
- Hitachi Ltd.
- Honeywell International Inc.
- Hottinger Baldwin Messtechnik GmbH (Spectris PLC)
- Infineon Technologies AG
- Kistler Holding AG
- Norbar Torque Tools Ltd. (Snap-on Incorporated)
- PCB Piezotronics Inc. (MTS Systems Corporation)
Breakup by Type
- Rotary Torque Sensor
- Reaction Torque Sensor
Breakup by Technology
- Surface Acoustic Wave (SAW)
- Optical
- Strain Gauge
- Others
Breakup by Application
- Aerospace and Defense
- Automotive
- Testing and Measurement
- Healthcare
- Others
Breakup by Region
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/baailm
